Venture Production Plc (VPA.LN), an oil and gas company, announced Friday that it believes that Centrica's (CNA.LN) opportunistic final offer substantially undervalues the company.

MAIN FACTS:

-The Board of Venture continues to recommend that shareholders reject the Centrica Offer.

-John Morgan, Chairman, said, "My message to shareholders remains clear - do not sell your shares on the cheap to Centrica. Venture is worth substantially more than 845 pence per share."

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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