London South East | The UK's favourite investor portal.

Evening mate. I think you missed one more RNS Tony Buckinham bought a few: Transactions of Directors Released : 26/09/2013 RNS Number : 0479P Heritage Oil PLC 26 September 2013  26 September 2013 Heritage Oil Plc Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons 1. Name of the issuer HERITAGE OIL PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R, (ii) a disclosure made in accordance with LR9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). NOTIFICATION IN RELATION TO (i) 3. Name of person discharging managerial responsibilities/director ANTHONY BUCKINGHAM 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest IN RESPECT OF PERSON REFERRED TO IN 3 ABOVE 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF NO PAR VALUE 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them ANTHONY BUCKINGHAM 8. State the nature of the transaction EXERCISE OF OPTIONS FOR 9,129,510 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 43 PENCE PER SHARE AND 500,000 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 145 PENCE PER SHARE 9. Number of shares, debentures or financial instruments relating to shares acquired 9,629,510 ORDINARY SHARES 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 3.49% OF THE TOTAL ORDINARY SHARES OF THE ISSUER 11. Number of shares, debentures or financial instruments relating to shares disposed N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A 13. Price per share or value of transaction PURCHASE OF 9,129,510 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 43 PENCE PER SHARE AND 500,000 ORDINARY SHARES IN THE ISSUER AT A PRICE OF 145 PENCE PER SHARE

Friday 14 June, 2013Heritage Oil PLC Judgement in commercial court case RNS Number : 1069H Heritage Oil PLC 14 June 2013 14 June 2013 Heritage Oil Plc ("Heritage" or the "Company") JUDGMENT IN COMMERCIAL COURT CASE Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, announces that judgment in the English Commercial Court case brought against Heritage and its wholly owned subsidiary Heritage Oil & Gas Limited by Tullow Uganda Limited ("Tullow") has been received today. The Honourable Mr Justice Burton of the High Court in London has today, in relation to the $313 million contractual dispute between Tullow and Heritage, awarded judgment in favour of Tullow. Heritage's counterclaim was dismissed. The Company strongly disagrees with the decision. It maintains the view that Tullow's original payments to the Uganda Revenue Authority were commercially motivated rather than as the result of a valid legal obligation. Heritage will perform a robust and exhaustive evaluation of its legal options with a view to appealing the judgment. Any appeal process will be commenced within the prescribed time period of 21 days from the date of judgment. It is apparent from the judgment that Burton J. was not ruling on the fundamental legality of the imposition of the tax by the Uganda Revenue Authority, and it has no bearing on the outcome of the international arbitration proceedings against the Ugandan Government in London, which are ongoing. Appeals to the Ugandan High Court in respect of the tax assessments are pending. Heritage's position remains, based on comprehensive advice from leading counsel, legal and tax experts, that this retrospectively placed tax, with no precedent, is not valid. The $283.4 million placed in escrow in July 2010 by Heritage in relation to any potential Ugandan tax liability remains in escrow in London held by Standard Chartered Bank. Additionally, in July 2010, Heritage deposited $121.5 million with the Ugandan Government and so substantially all of the cash has been reserved and does not impact on the Company's current cash position. <ends> For further information please contact: Heritage Oil Plc Tony Buckingham, CEO / Paul Atherton, CFO +44 (0) 1534 835 400 info@heritageoilplc.com

KeywordCompanyEPIC/TIDMSEDOL/ISINNews PriceAnnouncementsFundamentalsNewsArticleRSSHeritage Oil PLC (HOIL)Add to Alerts list Print Mail a friend Annual reports Thursday 04 April, 2013Heritage Oil PLC Arbitration Update RNS Number : 5924B Heritage Oil PLC 04 April 2013  4 April 2013 Heritage Oil Plc ("Heritage" or the "Company") HERITAGE OIL UPDATE IN RELATION TO ARBITRATION PROCEEDINGS AGAINST UGANDAN GOVERNMENT Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, responds to recent press speculation and statements attributed to Ugandan officials in relation to confidential international arbitration proceedings which are ongoing between the Government of the Republic of Uganda (the "Ugandan Government") and Heritage Oil & Gas Limited (a wholly owned subsidiary of Heritage) ("HOGL") following HOGL's sale of its interests in Blocks 1 and 3A in Uganda on 26 July 2010. Heritage can confirm that a determination on jurisdictional challenges raised by the Ugandan Government was issued last night by the arbitration tribunal. Heritage is still reviewing the decision but the recent press comments attributed to the Ugandan Government and/or the Uganda Revenue Authority are a misleading representation of a detailed decision. While the arbitral tribunal concluded that it does not have jurisdiction to hear arguments relating to the underlying substantive Ugandan tax matters, Heritage is delighted that the tribunal has rejected the Ugandan Government's challenge to jurisdiction to determine the central question as to the propriety of the alleged imposition of tax with reference to contractual stabilisation clause protection invoked by Heritage together with the breach of other contractual obligations. The determination by the arbitral tribunal is supposed to be confidential and marks the end to the preliminary phase of the international arbitration proceedings. The international arbitration will now continue and move to deal with the merits phase of Heritage's contractual claims against the Ugandan Government and the underlying substantive Ugandan tax matters remain under appeal in the Ugandan courts. Heritage is concerned to note that press comments attributed to the Ugandan authorities regarding the arbitral decision are inaccurate as well as being breaches of the requirement of confidentiality imposed upon both parties to the proceedings. The $283.4 million placed in escrow in July 2010 by Heritage in relation to any potential Ugandan tax liability remains in escrow in London held by Standard Chartered Bank. Additionally, in July 2010, Heritage deposited $121.5 million with the Ugandan Government and so substantially all of the cash has been reserved and does not impact on the Company's current cash position. As such Heritage's position remains unchanged. <en

Latest Share Chat

Member Info for ManuDave

Followers

Following

Posts (Last 30 Days)

Posts (All Time)

Last Post

Member Since

Share Chat Post Distribution (Last 30 Days)

Activity Log (Last 30 Days)