TIDMVPC 
 
RNS Number : 1641P 
Venture Production plc 
20 March 2009 
 

20 March 2009 
 
 
VENTURE PRODUCTION plc 
 
 
Carna gas discovery 
 
 
Venture Production plc (Venture), the Aberdeen-based UK independent oil and gas 
company, today announces the results of the Carna gas exploration well (Venture 
operated - 56% unitised interest) located in UKCS blocks 43/21b and 43/22c. 
 
 
The Carna well (43/21b-5/5z) commenced drilling from the Ensco 92 drilling rig 
on 26 December 2008 and reached a total measured depth of 11,500 feet on 4 March 
2009. The well was designed to test a Carboniferous fault block and a 
significant gas reservoir was discovered following a mechanical sidetrack 
carried out in January. Well log data indicates a gas column in excess of 1490 
feet TVD (true vertical depth) and net pay of 127 feet TVD. The well tested gas 
at stabilised rates in line with expectations with a gross rate of nine million 
cubic feet per day (MMcfpd) on a 48/64th choke from a vertical well penetrating 
the Carboniferous. No formation water was produced during the test. The well has 
been suspended pending further sidetrack to become a future production well and 
a field development decision will be made following a full evaluation of the 
export options. 
 
 
While Carna is a commercial gas discovery in its own right and is in line with 
pre-drill expectations of estimated net gas in place ranging from 95 to 185 
billion cubic feet (Bcf), the confirmation of productive reservoir sands 
increases the attractiveness of five potential follow-on prospects in the 
surrounding Greater Carna Area. These other prospects, taken together, are 
expected to contain additional net gas in place ranging from 104 Bcf to 390 Bcf 
but, as yet, remain undrilled. 
Commenting on the news, Mike Wagstaff, Chief Executive said: 
 
 
"This is another excellent drilling result and a fresh exploration success which 
opens up a new area of further prospectivity in a relatively underexplored part 
of the southern North Sea. We acquired the Carna licence interest as part of our 
acquisition of WHAM Energy in 2007 and it is gratifying to see such a positive 
early result from that deal." 
 
 
Ends 
 
Contacts: 
 
Mike Wagstaff, Chief Executive 
Jon Murphy, Chief Operating Officer 
Rod Begbie, Corporate Development Director 01224 619000 
 
 
Patrick Handley, Brunswick  020 7404 5959 
John MacDonald (Scottish Press) 07770 886912 
 
 
Notes to editors: 
  *  Venture's initial stake in the Carna field was secured through the acquisition 
  of WHAM Energy plc in August 2007 
  *  Additional interests were acquired from Ithaca Energy Limited and EWE 
  Aktiengesellschaft in January 2008, taking Venture's stake in the field from 40% 
  to 56% 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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