Here's what KBC had to say about them.

http://www.kbcpeelhunt.com/pdfs/Oil04Mar05.pdf

Venture is by a margin the cheapest of the North Sea focused E&P
companies in terms of its forward cash flow multiple. With key new
gas field development seeming to be on track, the production base
will get not only an anticipated strong addition from March but will
also derive improved asset diversity. The company has so far
significantly under-delivered in financial terms and improved market
confidence and rising profitability could make this a strong
performer in 2005.
While Venture has generally managed its primary North Sea
production and development business competently, and field
performance, with the exception of Sycamore, has been up to
expectations, the financial performance has been undermined by
events. However, delivery of the key new field developments seems
to be on track and the company should more than double production
capacity to over 45,000 barrels of oil equivalent by the end of 2005
and should achieve on average at least 30,000 boe/d in the year.
The misfortunes continued on Sycamore, with an injector well
apparently not communicating with the intended reservoir section.
This caused the company to reduce 2005 production guidance by
about 1,500 b/d to 31.0-33.0 kboe/d.
The development programme under way continues through 2006
giving a further year or two of growth in the production profile from
within the existing reserve inventory. The company therefore has
time to seek further development opportunities either within its
existing licences or by acquiring or licensing new assets.
The stock is trading close to our Core NAV estimate but is on a lower
prospective multiple of earnings (2005 PE of 7) and cash flow (P:CF
of 2.3) than any other E&P stock. The appointment of a new FD
relieves CEO Mike Wagstaff of his multiple responsibilities, which
should improve confidence in delivery.
With 50% of estimated production in 2005-2008 in the form of natural
gas, Venture offers direct exposure to the UK gas price. Moreover,
the reliability issues that have dogged the company have been in its
oil rather than gas operations.

long term holder me gf for 4 years should have sold at 1000p I know but not unhappy to buy now at 400p.

Announcement should aid growth going forward.....

RNS Number : 4270J
Venture Production plc
03 December 2008



3 December 2008




VENTURE PRODUCTION plc and FAIRFIELD ENERGY Ltd




Venture Production and Fairfield Energy Award Schlumberger a Multiyear

Fracturing and Stimulation Contract







UK independent oil and gas production companies Venture Production plc ('Venture') and Fairfield Energy Limited ('Fairfield'), today announce that they have each entered into a multiyear contract with Schlumberger for the provision of well fracture and stimulation services from the state of the art dedicated dynamically positioned ('DP2') vessel the Siem Sailor. Venture and Fairfield have co-operated fully in negotiations to secure the vessel.




The vessel will be based in the North Sea and when not assigned to Venture or Fairfield's projects, will be made available to other operators for work in the UK, Dutch and Norwegian sectors.




The vessel has storage capacity for 2.5 million lbs of proppant, 315,000 gallons of fresh water, 10,000 gallons of liquid gel and a maximum pump pressure rating of 12,000 psi. In addition, the vessel has 13,550 hydraulic horse power ('HHP') capacity, station keeping capability and the ability to perform emergency disconnection from the well if required.




The vessel is expected to enter service for Venture and Fairfield during the fourth quarter of 2009. The first Venture project under the new agreement is expected to be the Phase 2 development of the Chiswick gas field in the Southern North Sea whilst Fairfield plans to use the vessel for its Crawford and Clipper South developments in 2010.




Venture Chief Executive Mike Wagstaff commented:




'After our success with Schlumberger and Siem during 2007 developing a temporary solution to stimulate the Chiswick development and Ensign appraisal wells, I am delighted that we have been able to create a long term partnership to enable us to develop our significant portfolio of 'tight' gas. This is consistent with our history of utilising innovative technology and commercial arrangements to unlock 'stranded' reserves.'




Fairfield Chief Executive Mark McAllister said:




'Fracturing and stimulation technology will play an expanding role in the future of the UK North Sea. By working together to secure access to this technology Fairfield and Venture have demonstrated that independents can create material opportunities through co-operation which will ultimately improve recovery of reserves and business performance.'







ENDS




Contacts




Venture Production plc

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=459149&in_page_id=23&ct=5

Looks like a buy approaching 400p.

Oil rose 10 % this week I bet oil gets back to $80/90 a barrel in the next 12 months.. and VPC 800p.

Rose 5% today due to higher oil prices.

Wait for OPEC announcement. China announced oil consumed fell 3.5% in 2008.

When is it due..?

OPEC meet tomorrow.

I remember now thanks.

Dana and Vpc both decent holds atm.Oil will rebound I'm sure.

Got both plus tullow.

Interest rate cut by yanks later will help and then OPEC cut tomorrow.

fingers crossed mitzy.

This is looking great according to the chart.
..if it can hold 500p the next level is 580p.

Symetrical pattern with bottom @300 and a top of 600..inverted H & S.

More like 675p (in time)

Most oilies well down and VPC up 22%!

Crazy times.

Centrica have bought a stake at 700p in VPC with a possible full bid.

Rising DMA offering good support each time there is a dip. Bodes well for the future, even though the Centrica bid rumour seems to have faded.

well plenty of action and 600p.

Crikey...missed out on this one.....zoom.....!