Commenting on the transaction, Mike Wagstaff, Chief Executive of Venture, said:
'We are delighted that this transaction has completed successfully. Natural gas production in the southern North Sea is an important part of Venture's business and we believe that combining WHAM's portfolio of exploration assets with Venture's capital and drilling capability will ensure that these gas prospects are tested in a shorter timeframe. In addition, Venture's development expertise means there will be greater certainty that any exploration success will be quickly converted into incremental gas production.'
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