SOURCE: Venoco, Inc.

Venoco, Inc.

March 02, 2011 17:36 ET

Venoco, Inc. Announces Exercise of Equity Over-Allotment Option

DENVER, CO--(Marketwire - March 2, 2011) - Venoco, Inc. (NYSE: VQ) announced today that the underwriters of its recent public common stock offering have purchased an additional 600,000 shares of the company's common stock pursuant to their over-allotment option. The proceeds to Venoco of the over-allotment option exercise were approximately $10.7 million, net of underwriting discounts, commissions and estimated costs associated with the transaction. 

BofA Merrill Lynch and BMO Capital Markets acted as joint book-running managers for the offering.

Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge by visiting EDGAR on the Securities and Exchange Commission's website at www.sec.gov or from the underwriters as follows:

  • BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email dg.prospectus_requests@baml.com.
  • BMO Capital Markets, 3 Times Square Floor 27, New York, NY 10036, Attn: Equity Syndicate Department or email bmoprospectus@bmo.com.

The common stock was offered and sold pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering was made only by means of a prospectus and related prospectus supplement.

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