Venoco VQ
announced today that, based on the recommendation of the special
committee of independent directors, the board of directors of Venoco
has agreed to extend to 5 p.m. Eastern Time on October 5, 2012 the
date by which committed financing must be obtained for the merger
contemplated by the merger agreement among Venoco, Timothy Marquez,
Denver Parent Corporation and another affiliate of Mr. Marquez (the
"Merger Agreement"). The End Date (as defined in the Merger
Agreement) was extended to 5 p.m. Eastern Time on October 8, 2012.
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