Venoco (VQ +1.8%) CEO Timothy Marquez receives a "highly confident" letter about some of the...

|By:, SA News Editor

Venoco (VQ +1.8%) CEO Timothy Marquez receives a "highly confident" letter about some of the financing he needs to take the natural-gas focused company private. Venoco agreed in January to a $12.50 offer from Marquez and last week extended until July 20 his deadline for securing the necessary funds. (PR)