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Veritas DGC: Millburn Field, UK North Sea


August 2006

Venture Production Limited has agreed to farm-in to Veritas Geophysical Limited's Block 22/22c and operate the drilling of an appraisal well into the Millburn oil discovery adjacent to the Selkirk discovery (Venture - 31.5%). The well will be designed for completion as a future producer and Venture will fund 100% of the well cost to earn a 70% interest in the Millburn block.

Stellar acted as advisors to Veritas Geophysical Limited