Member Info for KingClough

http://www.google.co.uk/url?sa=t&rct=j&q=nigeria%20government%20oil%20license&source=web&cd=4&cad=rja&ved=0CDgQFjAD&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2F2012%2F10%2F24%2Fus-nigeria-oil-idUSBRE89N0VV20121024&ei=wT-QUNmELMua1AXYyoCoCw&usg=AFQjCNHS1QF_7sQY2cy3_mSGXdGW1gxKOA

Yes bodes well for news on Monday and theres lots to come

It is expected that the well evaluation will be completed by the end of August 2012.

The Miran West-4 appraisal well commenced drilling in June. The well is currently at its target depth of 1,905 metres and the main reservoir target is being evaluated. This is the fifth well drilled on the licence and the fourth on the Western structure. This highly deviated step out well is targeting the oil within the Upper Cretaceous on the flank of the structure and has 877 metres of high angle reservoir penetration. Successful drilling of Miran West-4 has enabled the extension of its target depth beyond that planned and is ahead of schedule. The first of a planned series of tests has been carried out and a maximum flow rate of oil of 1,350 bopd was achieved. The well tested oil similar to that found at Miran West-1 and Miran West-3 of 16-18˚ API with low gas oil ratio and in the same pressure regime. It is expected that the well evaluation will be completed by the end of August 2012.

Decision due in Nov, although i always thought that it might be earlier once the rights issue was cancelled

by at least 2 weeks

22 June 2012 Heritage Oil Plc ("Heritage" or the "Company") HERITAGE ANNOUNCES THAT IT HAS COMMENCED DRILLING THE MIRAN WEST-4 APPRAISAL WELL IN KURDISTAN Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, announces that it has commenced drilling the Miran West-4 appraisal well in Kurdistan. Highlights  The Miran West-4 appraisal well has commenced drilling on the Miran Block in Kurdistan  This is the fifth well to be drilled on the large Miran field and the fourth on the Western structure.  The well is designed to further appraise the Upper Cretaceous oil reservoir  The Company intends to test and evaluate several intervals as the well is drilled to a target depth of c.1,550 metres  It is planned to drill a c.500 metre horizontal section in the oil bearing reservoir in order to maximise penetration of fractures  The well is expected to take approximately three and a half months to drill and test  On completion of the drilling, Heritage plans to undertake an extended well test of these oil bearing reservoirs selling between 3,000 to 5,000 barrels of oil gross per day into the local market

No one spends 1.39 million on a whim

http://thesharehub.com/

I am pretty sure i have read that about the RI somewhere before, just cannot put my finger on it at the moment?

All good here mate, glad i stayed in fully loaded, its the other one we want above £2, strange happenings there and no news from the company is making it very frustrating. Any news from your neck of the woods would be appreciated, through the usual channels of course. Having said that you might have my email address. Its mustavhasina@gogglemail.come

14-Sep-12 16:42:34 218.00 3,800 Sell* 217.70 218.70 8,284 O 14-Sep-12 16:42:11 218.82 14,948 Buy* 217.70 218.70 32.71k O 14-Sep-12 16:35:11 218.80 59,885 Buy* 217.90 218.80 131.03k UT

13-Sep-12 16:27:00 210.00 650,000 Buy* 209.60 209.90 1.365M O

Think you right mate, close above £2.10. next stop £5. would'nt want to flog any until Nigerian deal is signed sealed and delivered and it may be sooner than we think as the rights issue was cancelled and Nigerian gov rubber stamping execise can be brought forward. not forgetting ESCROW monies are still up for grabs. It would be great to get our hands on that and retain our 49% holding in Miran.

That delayed trade for 695,000 is'nt far off the difference in your latest SOOL reduction mate

The Corner Shop Boys are out in force and yes they are as gay as the the Pet Shop Boys

another £1 for the escrow cash and we will be at a fiver, which is what i have said all along. These brokers are pathetic. lol

that there are no dealings in new shares due to the cancellation of the rights issue i wonder if the Nigerian Government consent will be brought forward?

Great hindsight post that mate.

Ta very much for the jing