VPC Venture Prod.

("MARKET TALK: Centrica Bid Undervalues Venture - C Stewart" published at 0826GMT misstated Collins Stewart's price target for Venture Production. The correct version follows.) Collins Stewart says it values Venture Production well above Centrica's 845p a share offer level, with a full NAV estimate at 938p a share. Cites Venture's Great Markham deal and says that while it can't necessarily be extrapolated for the whole of the company, it "gives an interesting insight into how much value could be liberated in the event of further asset sales." Keeps Venture at buy, with 950p price target. Venture shares +5% at 824p, Centrica shares +0.9% at 220.3p. (MMA)