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Joel Reed returned as a director of Venoco in August 2005 having previously served as a director for the company from 1998 until 2002. Mr. Reed founded Relational Advisors an investment banking firm in 1994 and has served as its principal since that time. He is also the founder of Titan Investment Partners. Mr. Reed was the president and CEO of Wagner & Brown Ltd. of Midland Texas a privately owned group of companies engaged in energy real estate manufacturing agribusiness and investment services from 1984 to 1994. From 1981 to 1984 Mr. Reed was a member of the founding group of Ensource Inc. a NYSE listed company as well as its controller and CFO. A graduate of Oklahoma State University Mr. Reed holds bachelor’s and master’s degrees in accounting and is a certified public accountant. | 