My , isn't the State generous to certain capitalists .
The Aberdeen -based oil and gas company Venture Productions have had a boom-time in 2006 with a 50% increase in output helped by bringing fields onstream and strengthened by acquisitions. It averaged a net production for 2006 of 44,706 barrels oil equivalent daily and conducted a £153m takeover of CH4 Energy .
"2006 was a record year for Venture and we have continued to make great progress in increasing both production and reserves," said chief executive, Mike Wagstaff.
In September it announced a profit of £97.7million in the six months ended June 30 .
YET:-
Venture said it probably would not have to pay any tax on its 2006 profits after claiming 100% tax relief .
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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