VPC Venture Prod.

RNS Number:2103P
Venture Production PLC
25 July 2005


25th July, 2005

                             VENTURE PRODUCTION plc
                   ("Venture", "the Company" or "the Group")


                   VENTURE ANNOUNCES NEW #325M DEBT FACILITY

Venture today announces that is has put in place a new #325 million debt package
solely underwritten and arranged by The Royal Bank of Scotland Group plc
("RBS"). This new facility replaces Venture's existing US$295 million syndicated
debt facility. It is anticipated that the new facility will be syndicated in
early autumn.

The increase in facility size reflects the successful growth of Venture's
business over the last three years and will be used to help finance the ongoing
development of Venture's existing asset base as well as potential future
acquisitions.

Marie-Louise Clayton, Finance Director, said "We are pleased to announce this
increased facility, arranged through our existing lead bankers, RBS. Together
with the recently announced privately placed convertible, this gives us a secure
and long-term funding base from which to continue our growth. We appreciate the
support from our existing banking syndicate and look forward to their
participation in the syndication of Venture's new facility."

                                      ENDS
Contact:

Mike Wagstaff, Chief Executive
Marie-Louise Clayton, Finance Director                          01224 619000
Rod Begbie, Corporate Development Manager

Patrick Handley, Brunswick
Chris Blundell                                                 020 7404 5959
Eilis Murphy

John MacDonald, Weber Shandwick (Scottish Press)                01224 806600



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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