TERMS OF USE

This Web site is provided by Venoco, Inc. (Venoco) to be used pursuant to the following terms and conditions.

PLEASE READ THE FOLLOWING TERMS OF USE AND DISCLAIMERS CAREFULLY BEFORE USING THIS WEB SITE (this "Site"). By accessing or using this Site, you agree to these terms of use, conditions and all applicable laws (the "Agreement"). If you do not accept these terms, you should leave the Site immediately and cease further use of any materials you have obtained from this Site.

MODIFICATION OF TERMS OF USE
Venoco may modify these terms of use at any time without notice. You should revisit the Site periodically to make sure you are aware of the most recent terms of use because they will be binding on you. Your continued use of the Site after such changes constitutes your agreement to those changes.

Venoco may terminate, change, suspend or discontinue any aspect of the Site, including the availability of any features of the Site, at any time. Venoco may also impose limits on certain features and services or restrict your access to parts of the Site.

PERSONAL AND NON-COMMERCIAL USE LIMITATION
Unless otherwise specified, the Site is for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license or create derivative works from materials obtained from this Site or transfer or sell any information, software, products or services obtained from this Site.

NO OFFER OF SECURITIES
No information on or accessible from this Site is or will be deemed to be an "offer" (as that term is defined in the Securities Act of 1933, as amended) to sell any securities of Venoco.

USAGE OF CONTENT
Authorization to use this Site is not a transfer of title in the materials or copies of the materials accessible from this Site and is subject to the following restrictions: 1) you must retain all notices contained in the materials; 2) you may not modify the materials in any way or reproduce or publicly display, perform, or distribute or otherwise use them for any public or commercial purpose; and 3) you must not transfer the materials to any other person unless you give them notice of, and they agree to accept, the obligations arising under these terms of use.

DISCLAIMERS
THE INFORMATION CONTAINED ON THIS SITE IS PROVIDED TO YOU "AS IS," WITHOUT ANY REPRESENTATION OR WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE MATERIALS IN THIS SITE MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. VENOCO DOES NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE SITE WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT THIS SITE OR THE SERVER THAT MAKES THE SITE AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. VENOCO DOES NOT MAKE ANY WARRANTIES OR REPRESENTATIONS REGARDING THE USE OF THE MATERIALS ON OR ACCESSIBLE FROM THIS SITE IN TERMS OF THEIR COMPLETENESS, CORRECTNESS, ACCURACY, ADEQUACY, USEFULNESS, TIMELINESS, RELIABILITY OR OTHERWISE. SOME JURISDICTIONS DO NOT ALLOW FOR THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.

LIMITATION OF LIABILITY
IN NO EVENT SHALL VENOCO BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES, EVEN IF VENOCO HAS BEEN PREVIOUSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OR INABILITY TO USE, THE CONTENT, MATERIALS AND FUNCTIONS OF THIS SITE OR ANY LINKED WEBSITE INCLUDING, BUT NOT LIMITED TO, DAMAGES ARISING FROM ANY LOST PROFITS, BUSINESS INTERRUPTION, OR LOSS OF INFORMATION OR OTHER DATA. APPLICABLE LAW MAY NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY OR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU.

If you are dissatisfied with any portion of this Site or with any of these terms, your sole and exclusive remedy is to discontinue using the Site.

THIRD PARTY WEBSITES
As a convenience to you, this Site may contain links to other websites that are owned and operated by third parties. If you decide to access a third party's website through a link provided on this Site, you do so at your own risk. Venoco is not responsible for any viruses or other damaging elements encountered in linking to a third party website. Venoco makes no representations or warranties regarding any linked website and is not responsible for the linked websites or the content of such websites. Links do not imply that Venoco sponsors, endorses, is affiliated with or associated with, or has been legally authorized to use any trademark, trade name, service mark, logo or other copyrighted materials displayed on or accessible through such third party website or that it makes any representation or warranty with respect to information contained on or accessible from such websites.

FORWARD-LOOKING STATEMENTS
This Site and documents on and accessible from this Site may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 2E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward looking statements and are subject to risks and uncertainties. Forward looking statements generally can be identified by the use of forward looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "plan" or the negative thereof or variations thereon or similar terminology. Although Venoco believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. All forward looking statements speak only as of the date made. Except as required by law, Venoco undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. Factors that could cause actual results to differ materially from Venoco's expectations include, among others, such things as: acquisitions and other business opportunities (or the lack thereof) that may be presented to and pursued by Venoco; competition for available properties and the effect of such competition on the price of those properties; oil and natural gas prices; risks related to Venoco's level of indebtedness; Venoco's ability to replace oil and natural gas reserves; loss of senior management or technical personnel; risks arising out of hedging transactions; Venoco's inability to access oil and natural gas markets due to operational impediments; uninsured or underinsured losses in Venoco's oil and natural gas operations; inaccuracy in reserve estimates or assumptions underlying those estimates; exploitation, development and exploration results; costs related to asset retirement obligations; a lack of available capital and financing; the potential unavailability of drilling rigs and other field equipment and services; general economic, market or business conditions; the impact and costs related to compliance with or changes in laws or regulations governing Venoco's oil and natural gas operations; environmental liabilities and other factors, many of which are beyond Venoco's control.

APPLICABLE LAW
This Agreement shall be governed by the laws of the state of Delaware, without giving effect to its principles of conflict of laws. If for any reason a court of competent jurisdiction finds any provision of this Agreement or portion thereof to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of the Agreement, and the remainder of the Agreement shall continue in full force and effect.

Venoco makes no representation that materials in the Site are appropriate or available for use in other locations, and access to them from territories where their content is illegal is prohibited. Those who choose to access this Site from locations outside Delaware do so on their own initiative and are responsible for compliance with applicable local laws.



 
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