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Venoco Inc | BMO Capital Markets 8th Annual Unconventional Resource Conference | | Page 4 of 11 | May 22, 2013

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Company Highlights Pursue oily opportunities Monterey shale exploitation ?multi-year, lti 100illiblttil Solid Core Assets Strategy Share price: $18.94 (1/05/11) Sharesoutstanding: 557million mu lti - 100 m illi on b arre l po t en ti a l Develop large inventory in Sacramento Basin 700 locations at 20-acre spacing ?7 year inventory Shares outstanding: 55 . 7 million Market capitalization: $1.1 billion Enterprise value: $1.7 billion Production: 18,549 BOE/d (YTD 9/30/2010) YE09 Proved Reserves: 98.3 MMBOE (90.5 MMBOE Pro Forma TX Asset Sale) Use legacy, low-decline Southern California oil assets and legacy Sac Basin gas assets to fund bulk of Monterey drilling Fund shortfalls with JVs, non-core asset salescapitalmarkettransactions Sacramento Basin ?Nat. Gas Principal Fields ? Grimes (1stlargest) d Monterey sales , capital market transactions ? Willows (3r d largest) Southern California -Oil PrincipalFields Monterey Shale Prospects Portfolio Highlights Concentrated positions Shallow declines Principal Fields ? South Ellwood ? Sockeye ? West Montalvo Venoco?s statewide Oil-weighted ?reserves & revenue 97% of properties operated Large acreage position in Monterey shale and SacramentoBasin 4 Venoco, Inc.leasehold approx. 380,000 net acres Sacramento Basin 22.3% reversionary working interest in Hastings (TX) CO2flood ?Denbury initiated flood in Dec. 2010