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.

Since the Telegraph tip..Share of the Year...the share price has increased from 500p to 620p thats a 25% rise in one month.. not bad.

can the rise continue, quiet thread for a well preforming oil stock!

Kivver:

Expect the sp to hit 700p in the short term as more Institutions get on board when they realise just hoe cheap the share is going forward over the next 12 months..

well done mitzy seemed you were one a few to get in early. i dont know,, with vpc, chp and tag it could be a make or break couple of months.

ps i used to have a jack russell called mitzy and she lived to be a ripe old age, good ohem perhaps, lol.

Still one of the cheapest out there Kivver
rise in eps forecast for next year is still huge
and way above current year with a p/e
forecast around 6 load up,
even if the price per drum falls this
is still being given away.
All the best
HUSTLER

IM have put out another buy recommendation - they say production is likely to beat the 40-42K target which has deliberately been set low. Venture are aiming for 70-80 K and a doubling in size by 2008/09.

rgrds
gk

Been a great share for me buying at 450p and hopefully will rise to 1000p end of the year when the Iran nuclear issue will be solved.
Kivver: hope its a good omen having a dog named after me..!

Moving up slowly today and a new high for the year.

RNS just out re Institutional holdings..

Approaching the key 700p level could be tomorrow or in a couple of days and with the results fast approaching could be a good idea to add some more before they spike upwards towards the 900p target.

this one is still cheap as chips
but watch all your holdings
the grim reaper is coming the market
does not go up for ever correction time
is not far away may only be a reminder
but it will happen
be lucky

sort of agree, some say we could be 4 yearsinto a 10 year bull run concerning oil and mining, vpc looks one of the best and i wish i had noted it some time ago. You lot that got in early well done and well spotted.

Greatfinish to the day and through the 700p barrier.. roll on 900p..!

I'm never wrong..

A good day for olis today.. Burren, Dana and Sterling all higher.
2/3 years down the line we should see a sp double or treble of that today, say a 1500p to 2000p target range.
A p/e of 7 for this year is just far too cheap.

Great start to the day and with oil breaking $70 a barrel the prospects for Venture are getting better every day.

Oils having another great day with the price of a barrel approaching $75 its a shame Venture have hedged at lower levels than this but the future is still bright and when the Iran conflict starts on the 18 th Dec 2006 you can guess that the price of oil will touch $100.

So does anyone think it is still a good time to get in on this one or do you think with the current Oil prices its too late? Please advise

cant agree, we need to look for higher oil prices, thats when greed starts to overtake. and ok we might make something on oil based shares but we will all lose out elsewhere. higher oil prices could have a devasting effect on the economy and therefore the markets. I like this company and hope it does well on its own merits and not the misfortune of others!!!

I bought some more at 750p this morning frank....my target price is 1000p plus by end of the year so theres still 40% to go.

Thanks Mitzy am going to ad to my portfolio right now. I also have some shares in AQP. do you know anything about this one please tell me what you think? Thanks again.

Hi Mitzy
would agree with your target, but if anything a bit low
growth forecast at over 100% next year
giving a forward p/e of around 7
this is mega cheap, add in the partnership news today
and the fact oil is in the limelight this one still deserves to
be rerated a lot closer to it's peers.
all the best
HUSTLER