Venture Production PLC (VPC.LN), the Aberdeen-based U.K. independent oil and gas company, is Friday posting a circular to shareholders explaining why it believes shareholders should reject Centrica Resources (U.K.) Limited's (CNA.LN) offer adding that the offer substantially undervalues Venture.

MAIN FACTS:

-Venture has high quality oil and gas reserves and resources with significant upside potential and a strong operational capability.

-Venture has financial strength and technical expertise already in place to continue to develop the upside within our portfolio.

-Offer does not fairly reflect the value of Venture's reserves, nor the significant going concern value of Venture or the key strategic value that it offers Centrica.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
Venture Production (LSE:VPC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Venture Production Charts.
Venture Production (LSE:VPC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Venture Production Charts.