Bernstein Liebhard LLP is investigating whether the Board of Directors of Venoco, Inc. ("Venoco" or the "Company") (NYSE: VQ) is breaching its fiduciary duty to its shareholders in connection with an offer by Timothy M. Marquez ("Mr. Marquez"), the Company's Chairman and Chief Executive Officer, to take the Company private.

Under the terms of the offer, Venoco shareholders will receive $12.50 in cash for each share of common stock they own. Mr. Marquez currently owns approximately 50.3% of the Company's common stock. The investigation is focused on whether Mr. Marquez's offer undervalues the Company's shares.

If you are interested in discussing your rights as a Venoco shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.

Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last eight years.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Mary U. Hoover. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Bernstein Liebhard LLP
U. Seth Ottensoser, 877-779-1414
Ottensoser@bernlieb.com