RNS Number:9329W
Venture Production PLC
21 May 2007


                     Venture Production plc (the "Company")



Purchase of Shares by Venture Production plc IOM Employee Benefit Trust (the
Trust)

Venture Production plc announces that it was notified on 18 May 2007 that the
Trust had acquired 71,942 ordinary shares of #0.004 pence in the Company at
690.00 pence each.

The Company's shares held by the Trust are used to satisfy awards in the
Company's Long-Term Share Incentive Plans, Annual Deferred Share Bonus Plan and
Employee Annual Bonus Plan.

The Executive Directors and Persons Discharging Managerial Responsibility are
potential beneficiaries of the Trust and are deemed to be interested in the
shares held by the Trust.

Following this transaction the Trust retains an interest in 5,664,222 shares,
representing 4.24% of the Company's issued ordinary share capital.


Contact:
Simon Waite,
Company Secretary,
Venture Production plc,
62 Huntly Street,
Aberdeen, AB10 1RS
Tel: 01224 619000

21 May 2007




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

END
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