Ryan & Maniskas, LLP Announces Investigation of Venoco, Inc.

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/vq) is investigating potential claims against the board of directors of Venoco, Inc. ("Venoco" or the "Company") (NYSE: VQ) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from its Chairman and CEO, Timothy M. Marquez, to acquire the remainder of the Company he does not already own for $12.50 per share in cash (the "Proposal”).

Our investigation focuses on whether Venoco's board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company's recent positive financial results. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/vq.

The Proposal contemplates Mr. Marquez’s acquisition of all of the outstanding shares of common stock of Venoco he does not already own for $12.50 per share in cash. Mr. Marquez already owns approximately 50.3% of the Company’s outstanding common stock.

If you own shares of Venoco and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/vq. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.