delderfield24 Aug 2012 08:49
Don't know if there's been any later news, but copied from 6th Aug interims:
Uganda
As reported on 18 May 2012 in the Interim Management Statement, legal proceedings arising from the sale of the Group’s interests in Blocks 1 and 3A in Uganda are ongoing:
(a) Heritage Oil & Gas Limited (“HOGL”), the Company’s wholly owned subsidiary, is engaged in appeals to the Ugandan High Court;
(b) HOGL is also engaged in international arbitration proceedings in London against the Ugandan Government which commenced last year; and
(c) Heritage and HOGL are together engaged in defending Commercial Court proceedings in the High Court of Justice in London against Tullow Uganda Limited.
Heritage’s position remains, based on comprehensive advice from leading counsel, legal and tax experts, that no tax is payable.
Rgds