2009-06-10-2009-02-19-2009-06-30

Acquired properties in CA Sacramento Basin, gaining 500 BOE/d, 3 MMBOE proved, 28,600 gross acres.

Venoco Inc., Denver, (NYSE: VQ) has closed its acquisition of properties in the Sacramento Basin in the Greater Grimes area of California from Aspen Exploration Corp. for $21.4 million. Production is approximately 500 barrels of oil equivalent per day. Proved reserves are 3 million barrels of oil equivalent. The company gained 28,600 gross acres. "This acquisition fills in our substantial acreage position in the greater Grimes area. Our operating teams are already preparing workovers and recompletions projects and our geologists are identifying infill drilling locations," said Tim Marquez, Venoco chairman and CEO.