Geographic Focus:

United Kingdom North Sea

Reserves:

203 million barrels of oil equivalent at end 2007

Production:

41,228 barrels of oil (equivalent) per day ('boepd') during 2007: 40% oil, 60% gas

Revenue:

1999: £1m
2000: £14m
2001: £25m (+82%)
2002: £53m (+109%)
2003: £71m (+34%)
2004: £81.5m (+15%)
2005: £164.1m (+101%)

2006: £360.3m (+220%)

2007: £358.3m (-1%)

Market Capitalisation:

October 1999: £40m
September 2005: £500m
June 2006: £840m

May 2007: £926m

December 2007: £1.1bn

Head office:

Kings Close, 62 Huntly Street

Aberdeen

Scotland

AB10 1RS

Other offices:

29 Farm Street

London

United Kingdom

W1J 5RL

Kruisweg 795

2132 NG Hoofddorp

Netherlands

Ownership Status:

Publicly traded on the London Stock Exchange
since March 2002 (LSE:VPC)
Year Established: 1997
Registered in Scotland No: 169182
Registered Address: 34 Albyn Place, Aberdeen, Scotland, AB1 1RS

worker photo platform photo pipeline photo

A Growing Company...

Venture has:

Increased in value from £40m in 1999 to £1.1bn by December 2007
Boosted revenues from £1 million in 1999 to £358.3 million in 2007
Grown production by 74% year-on-year since 1999
Built a diversified North Sea production portfolio around four infrastructure hubs
Assembled a rich inventory of near-term development projects

An Exciting Development Programme...

In the coming 2 years, Venture will:

Complete the Chestnut field development using innovative technology from Sevan Marine and deliver first oil
Complete the Ensign development and deliver first gas
Complete Christian field development
Appraise the Barbarossa, Kew and Appleton/Halley discoveries
Drill the Carna, Battersea, Alcyone, Agatha, 48/15b and Morpheus exploration wells