Name of applicant:

VENTURE PRODUCTION PLC

Name of scheme:

Unapproved Share Option Plan 2, 2002 Employee Share Option Scheme - Unapproved & 2002 Employee Share Option Scheme - Approved

Period of return:

From:

17 March 2008

To:

17 September 2008

Balance of unallotted securities under scheme(s) from previous return:

135,380

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

54,500

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

16,605

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

173,275

Name of contact:

Simon N Waite

Telephone number of contact:

01224 619002