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STOCKS FOCUS: VENTURE PRODUCTION
0 Comments | Sunday Herald, The, Jul 13, 2008
Venture Production, the Aberdeen-headquartered oil and gas operator, said it is to acquire two more undeveloped discoveries in the Dutch offshore sector for an undisclosed sum. This is Venture's second expansion in the Netherlands this year and the eighth transaction unveiled by the fi rm in 2008.
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Chief executive Mike Wagstaff said: "These acquisitions clearly play to Venture's strengths as an established and experienced development operator focused on increasing production in both the UK continental shelf and Dutch sectors of the North Sea." Shares closed at 811.5p.
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