TIDMVPC 
 
RNS Number : 8564X 
Venture Production plc 
24 August 2009 
 
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24 August 2009 
 
 
 
 
VENTURE PRODUCTION plc 
 
 
SNS Exploration Farm-In 
 
 
 
 
Venture Production plc ('Venture'), the Aberdeen-based UK independent oil and 
gas company, today announces a farm-in to exploration acreage in the southern 
North Sea. 
 
 
Under the terms of a Farm-In Agreement with PA Resources UK Ltd ('PA') and 
Spyker Energy S.A.S. ('Spyker') Venture will pay 100% of the costs of a 3D 
seismic survey to be commenced in September 2009 in exchange for a 60% working 
interest in UKCS blocks 43/9, 43/10 and 44/6. Following the farm-in PA will hold 
a 32% working interest and Spyker will hold an 8% working interest in the same 
acreage. 
 
 
The seismic survey will be operated by PA with operatorship being transferred to 
Venture thereafter. The initial focus of the seismic will be the Kennett lead 
which lies to the north west of the large undeveloped Cygnus gas field in which 
Venture holds a 48.75% working interest. 
 
 
Commenting on the news, Mike Wagstaff, Chief Executive said: 
 
 
"Following the success of both our 2009 appraisal wells on Cygnus we are very 
pleased to have the opportunity to expand our acreage in the adjoining area. The 
3D seismic information we plan to acquire will both enhance our understanding of 
Cygnus's regional setting and examine an exploration lead that could yield a 
2010 exploration drilling target." 
 
 
 
 
Ends 
 
 
 
 
Contacts 
Mike Wagstaff, Chief Executive 
Rod Begbie, Corporate Development Director    01224 619 000 
 
 
Patrick Handley, Brunswick                             020 7474 5959 
John MacDonald, (Scottish Press)                     07770 886 912 
 
 
  Notes to editors: 
 
 
 
-   Blocks 43/9, 43/10 and 44/6 were awarded in the 24th Licensing Round 
under 
 




   licence P1529 


 
 
 
-   The Kennett lead lies in block 43/10 approximately 20km to the 
north-west of 
    Cygnus 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUASVRKURWUAR
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