VPC Venture Prod.

RNS Number:5254H
Venture Production PLC
12 November 2007


Not for release, publication or distribution, in whole or in part, in or into or
    from any jurisdiction where to do so would constitute a violation of the
                      relevant laws of such jurisdiction.


                                                                12 November 2007

                              Recommended offer by

                       Venture Production plc ("Venture")

                                      for

                            WHAM Energy plc ("WHAM")


                    Scheme of Arrangement becomes effective


The Board of Venture is pleased to announce that following the delivery of all
relevant documentation to the Registrar of Companies in England and Wales, the
Scheme of Arrangement required to effect the acquisition of WHAM by Venture
became effective today.  All of the Conditions have either been satisfied or
waived and the acquisition of WHAM by Venture has now completed.


Following the Scheme becoming effective, 1,065,464 New Venture Shares have been
issued to former WHAM Shareholders.  As of today, Venture has 143,215,783
ordinary shares of 0.4 pence each in issue.


An application has been made to the UK Listing Authority and London Stock
Exchange plc for the New Venture Shares to be admitted to the Official List and
to trading on London Stock Exchange plc's market for listed securities. These
shares will rank pari passu with Venture's existing ordinary shares and it is
expected that Admission will become effective and dealings will commence in the
New Venture Shares on 15 November 2007.


Capitalised terms used, but not defined, in this announcement have the same
meaning given to them in the Scheme Document posted to shareholders of WHAM on
25 September 2007.



Commenting on the transaction, Mike Wagstaff, Chief Executive of Venture, said:


"We are delighted that this transaction has completed successfully. Natural gas
production in the southern North Sea is an important part of Venture's business
and we believe that combining WHAM's portfolio of exploration assets with
Venture's capital and drilling capability will ensure that these gas prospects
are tested in a shorter timeframe.  In addition, Venture's development expertise
means there will be greater certainty that any exploration success will be
quickly converted into incremental gas production."


For further information, please contact:


Venture Production plc                             Tel: 01224 619 000

Mike Wagstaff, Chief Executive

Rod Begbie, Corporate Development Director

Oriel Securities Limited                           Tel: 020 7710 7600
(Financial adviser and broker to Venture)

Simon Bragg

Michael Shaw


Brunswick Public Relations, Patrick Handley        Tel: 020 7404 5959

Weber Shandwick (Scottish press), John MacDonald   Tel: 01224 806 600


Oriel Securities Limited, which is authorised and regulated in the United
Kingdom by the FSA, is acting exclusively for Venture and no-one else in
connection with the Offer.  Oriel Securities Limited is not acting for, and will
not be responsible to, anyone other than Venture for providing the protections
afforded to clients of Oriel Securities Limited nor for providing advice in
relation to the Offer.


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

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