Member Info for ManuDave

RNS Number : 3407T Heritage Oil PLC 19 November 2013  19 November 2013 Heritage Oil Plc ("Heritage" or the "Company") HERITAGE OIL INTERIM MANAGEMENT STATEMENT Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, issues its Interim Management Statement for the period from 1 July 2013 to 18November 2013. Corporate highlights · Total revenues of $49.1million in the third quarter 2013 ($2.1 million, Q3 2012), of which $46.4 million was from the interest in Shoreline Natural Resources Limited ("Shoreline"), Nigeria, and $2.7million was from the interest in the Zapadno Chumpasskoye Field, Russia · A further lifting in October generated revenue net to Heritage of $71.8 million · Cash position of $112.7 million, as at 30 September 2013 · Shoreline drew down a further $50 million of finance from the Reserves Based Lending facility, extending the debt to $550 million in order to replace security that Heritage had provided for a letter of credit in Nigeria · The $50 million short term bridge facility with Standard Bank Plc, entered into in August 2013, is in the process of being cancelled · Extended position in Nigeria with the strategic joint venture alliance being established with Bayelsa Oil Company Limited ("Bayelsa Oil Company") · Granted the right to appeal the high court decision awarded to Tullow Uganda Limited ("Tullow"), to be heard in May 2014 Operational highlights · Production for the third quarter 2013, net to Heritage, averaged 11,649bopd (617 bopd, Q3 2012), an increase of over 60% compared to the first half of the year · Uzere West Field will commence production shortly and is expected to reach gross production of 5,000 bopd within the next few weeks · The work programme on OML 30 has progressed with installation of gas compressors underway, statutory inspection and testing of all pressure vessels and inspection of all wellheads and pipelines completed to support well optimisation activities · Three development wells are planned for 2014 on OML 30, in line with the development plan · Papua New Guinea ("PNG") exploration portfolio was expanded with the farm-in to Petroleum Prospecting Licences No:337 ("PPL 337") and No:437 ("PPL 437") · Work programmes in PNG are progressing with seismic acquisition set to continue and exploration wells planned for 2014 · Continued exploration work programmes in Tanzania through interpretation of new and processed seismic data on the Rukwa licence and the acquisition of a geochemical survey on the Kyela licence · Tanzania exploration drilling programme being planned for 2014/2015 Tony Bucking

blue day i reckon today...... morning campers btw

Tony Buckingham, Chief Executive Officer, commented: "Heritage Oil is honoured to be entering into a commercial strategic alliance with the state of Bayelsa through the joint venture, Petrobay, with Bayelsa Oil Company. Petrobay will be uniquely positioned to acquire and develop hydrocarbon assets in the Niger Delta, where we can bring exploration and production expertise that, harnessed with the energy and aspirations of the people and state of Bayelsa, will generate value and benefits for all stakeholders. Petrobay will develop close relationships with local communities and other stakeholders in the Niger Delta in recognition of the key role their support plays in securing assets and delivering safe, stable and productive operations. This alliance reinforces Heritage's commitment to a country with huge potential and the Company is well placed to play a significant role in the future oil and gas industry in Nigeria." Governor Henry Seriake Dickson of Bayelsa State, commented: "At a time when people are divesting oil assets in this area, no mention is made of our involvement. Today, that era of standing by and non-participation has ended. What we have signed is going to blossom and move from strength to strength and be strong enough to compete favourably with other competitors in the upstream and downstream sectors of the industry. Let me announce to all those stakeholders in the industry that Bayelsa State is ready for active participation in the oil and gas industry." More information about the Company is available on the Company's website at www.heritageoilplc.com. - Ends - For further information please contact: Heritage Oil Plc Tony Buckingham, CEO / Paul Atherton, CFO http://www.investegate.co.uk/heritage-oil-plc/hoil/nigerian-strategic-alliance/201311130700188653S/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Heritage%20Oil%20PLC%20Alert

13 November 2013 Heritage Oil Plc ("Heritage" or the "Company") HERITAGE OIL ENTERS INTO A STRATEGIC ALLIANCE WITH BAYELSA OIL COMPANY, NIGERIA Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company announces that a wholly owned subsidiary has entered into a joint venture agreement with Bayelsa Oil Company Limited ("Bayelsa Oil Company"), owned by the Bayelsa State government, to establish an indigenous Nigerian oil company called Petrobay Energy Limited ("Petrobay"). Through Petrobay, Heritage expects to be a significant contributor to the future development of the oil and gas industry in Nigeria. Highlights · Joint venture, Petrobay, combines Bayelsa Oil Company's indigenous support from state government and local communities with Heritage's strong technical track record and access to financial markets · Heritage will own a 45% equity interest in Petrobay · Petrobay will look to acquire production, development and exploration assets from international oil companies · Offices will be established in Yenagoa, the capital of the state of Bayelsa, and employment sourced from local expertise · The state of Bayelsa is in Southern Nigeria, the core of the Niger Delta, which contains many of the largest crude oil and natural gas deposits in the country · Through Petrobay, Heritage will seek to gain access to additional producing fields and other licence opportunities in Nigeria both onshore and in shallow water A wholly owned subsidiary of Heritage has entered into a joint venture agreement to establish Petrobay, an indigenous Nigerian oil company. Heritage will obtain a 45% equity interest in Petrobay which combines Bayelsa Oil Company's network of longstanding relationships in Nigeria with Heritage's strong technical track record, diverse geographic expertise and financial capability. A number of upstream assets in the state of Bayelsa and the larger Niger Delta region have been identified and Petrobay will engage in both bilateral and competitive auction processes to acquire these licences. Petrobay will enable Heritage to build upon its current interests in Nigeria, which is Africa's largest oil producer and contains the second largest oil reserves in the continent. Heritage's footprint in Nigeria was established in November 2012 on the completion of the acquisition of a major interest in OML 30 through its interest in Shoreline Natural Resources Limited ("Shoreline"). Shoreline acquired a 45% interest in OML 30 for cash consideration of $850 million, with the National Petroleum Development Company holding the remaining 55% interest. OML 30 is located onshore in the Niger Delta, contains eight producing oil fields and has independently been evaluated to contain gross proved and probable reserves of over 1.1 billion bar

He seemed a decent sort actually. He was our Lieutenant Governor for a few years.

Heritage Oil PLC General Sir Michael Wilkes RNS Number : 6446R Heritage Oil PLC 29 October 2013  29 October 2013 Heritage Oil Plc ("Heritage" or the "Company") GENERAL SIR MICHAEL WILKES It is with great regret that Heritage Oil Plc (LSE: HOIL), has to report that General Sir Michael Wilkes KCB, CBE, has passed away. He had been a Non-Executive Director of the Company since its listing in the UK in 2008. General Sir Michael Wilkes served in the British Army for 35 years, retiring in 1995 as Adjutant General and Middle East Adviser to the British Government on defence matters. As Adjutant General, Sir Michael was the most senior administrative officer within the Army. During his distinguished career, he saw active service across the world while also commanding at every level from Platoon to Field Army, including commanding the 22nd Special Air Service Regiment and serving as the Director of Special Forces. In addition, he held a number of senior staff appointments in the Ministry of Defence, including membership of the Army Board. On leaving the Army in 1995 he was appointed Lieutenant Governor and Commander in Chief of Jersey, where he served until retiring in 2000. Throughout his military and corporate career he gained extensive commercial and corporate governance experience which led to his appointment as non-executive director for many private and public companies. As well as being Senior Independent Director, Sir Michael was a member of the Audit Committee, Remuneration Committee, Nomination Committee and Anti-Bribery and Corruption Committee. The Nomination Committee will seek to appoint a new Non-Executive Director in due course and there will be a review of Committee membership. Consideration will also be given for the appropriate candidate to fulfil the role of Senior Independent Director. Tony Buckingham, Chief Executive Officer, commented: "We are deeply saddened at the sudden loss of General Sir Michael Wilkes who was a tremendous asset to our Company. Sir Michael was an honourable man with a highly distinguished military career and will be remembered as a man of the highest integrity. On behalf of the Board and our staff, we extend our condolences to his wife and children." - ends - For further information please contact: Heritage Oil Plc Tony Buckingham, CEO / Paul Atherton, CFO +44 (0) 1534 835 400 info@heritageoilplc.com

Volume picking up in the last few days too. http://screencast.com/t/YzaIfSG2AuJ

Yeah.....SLE too!......................pmsl I truely wouldn't mind that either.

Well I hope that works out for you bud..........cause I have some of them too! you do realise 300p is on the cards in the next 4 weeks here don't you?.......lmao - JUST KIDDING!!!!!! Good luck to you and all HOIL'ers

nice little rise here today.

resistance is back to 194.75p as it was a week or two ago. support at 176.84p We do seem to be in an upwards channel so hopefully the rise will continue.

220p will do for starters......lol Couple of days above resistance and hopefully it will turn into our support.

Sl;owly slowly catchy monkey..... 194.00p paid Morning all

creeping back up after a dodgy start this morning. Hopefully will break 192.50p this afternoon - but I'll miss it as I'm off out to play golf now and share club meeting after. Have a good day/evening HOILers.

Re - "Afternoon Searcher. I think from memory resistance was 194. something....will email you a chart later." Poor memory....it's 192.50p Hopefully break through that today..... Morning all btw.

"........with a screen shot of your bank account as well ....lol" haha............I'M not that stupid.....pmsl Afternoon Joe.....another good day here.......especially as HOIL more often than not tracks the FTSE - and that is down 22 points atm.

Afternoon Searcher. I think from memory resistance was 194. something....will email you a chart later.

share price has gone up too.......lol

Nice little rise here today I see...

"I've followed worse..." ....me too................Searcher...........into SLE.....lmao......sorry Searcher.....just kidding! Morning all btw