Heritage Oil Share Chat (HOIL)

Dont know if you followde the link i posted on the 8th Dec, its worth a read and may have something to do with why HOIL are buying in.

http://www.petrofrontier.com/en/news/december_2012_pfc_strategic_alternatives_press_release_v6.pdf?PHPSESSID=32mrbodlu1shdjkkhfbq89b7c5

Would you have an idea of HOIL's thinking in taking this action.

18 December 2012

Heritage Oil Plc
("Heritage" or the "Company")

HERITAGE OIL ANNOUNCES ACQUISITION OF COMMON SHARES OF PETROFRONTIER CORP.

Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, today announces that the Company acquired 1,900,000 common shares ("Shares") of PetroFrontier Corp. ("PetroFrontier") representing 2.39% of the outstanding Shares. Together with Shares already held by Heritage, the Company now holds 15,860,467 Shares, representing approximately 19.98% of the outstanding Shares of PetroFrontier. Heritage also sold 2,311,767 previously acquired warrants.

The Shares were acquired through the facilities of the TSX Venture Exchange for an aggregate price equal to CDN$278,160. Heritage may increase or decrease its ownership of securities of PetroFrontier depending upon future market conditions.

All Shares acquired and/or held by Heritage in PetroFrontier were acquired for investment purposes.

Heritage Oil Plc
Fourth Floor, Windward House
La Route de la Liberation
JE2 3BQ
Jersey
Channel Islands

- ends -

Home free now and sholu be cash generative on 11,550 bpd, now lets see the share price reflect an oil producing company valued at 4 billion

Can anyone help me understand what is going on with HOIL on the backdrop of petrofrontier? pls

December 4, 2012
PetroFrontier Corp. Initiates a Strategic Review Process and Provides an Update on its Owen-3H Well

PetroFrontier Corp. announces that its Board of Directors has commenced a strategic review process to identify, examin and consider strategic alternatives for the Corporation.

Been topping up for years.
Hope they start to turn been nowt but a bag of ****

Heritage Oil, an independent upstream exploration and production company, has enlarged its stake in PetroFrontier with the purchase of 1.8m common shares.

The shares, which were purchased for CDN$166,320, are equal to 2.27% of the outstanding shares and will take the group's stake to 17.58%.

The company also holds 2.3m warrants of PetroFrontier, which are convertible to 2.3m shares on exercise. If exercised Heritage will own about 19.91% of the outstanding shares of PetroFrontier.