NEW INFO: Heritage Oil + GAZPROM tochter


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5847 Postings, 6596 Tage biomuellNEW INFO: Heritage Oil + GAZPROM tochter

 
  
    #1
3
21.11.06 13:54
haben ein 50/50 Joint venture in Russland unterzeichnet.

Info findet sich NOCH NICHT in den BÖRSEN websites (Kurs hat noch nicht reagiert)!

Habe untenstehendes e-mail direkt von Heritage Oil bekommen:
(müsste damit aber auch auf deren HP sein):


Heritage Oil establishes joint venture with TISE in Russia


/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Nov. 21 /CNW/ - Heritage Oil Corporation (TSX: HOC) today
announced that it has entered into an agreement with TISE Holding Company
("TISE") to establish a joint venture company in Russia. TISE-HERITAGE
NEFTEGAS will be a 50/50 jointly owned, jointly managed company which shall
look to appraise and jointly acquire oil and gas opportunities in Russia and
internationally. The shareholders of TISE include Concord, Zarubejneft,
Zarubejneftegas (a wholly-owned Gazprom subsidiary), Technopromexport and
Zarubejstroymontaj.
Tony Buckingham, Heritage's CEO stated "This strategic partnership
substantially raises our profile in Russia, beyond our existing 95% interest
in the Zapadno Chumpasskoye field. This joint venture should give Heritage the
ability to appraise and acquire larger oil fields with highly attractive
reserves. The profile, strength and stature of TISE and its shareholders
should ensure that all of Heritage's operations in Russia are undertaken in
the most efficient and transparent manner."

Heritage is an international oil and gas corporation with a producing
property in the Sultanate of Oman, a development property in Russia and
exploration projects in the Republic of Uganda and the Democratic Republic of
Congo. Through its subsidiary KPC, the Company is pursuing opportunities in
the Kurdistan region of Iraq, whilst Heritage Middle East is focusing on the
other regions of Iraq.
The Company's Common Shares trade on the Toronto Stock Exchange under the
symbol HOC.

If you would prefer to receive press releases via email contact Ana
Augusta (ana@chfir.com) and specify "Heritage press releases"
in the subject line.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release - including, without limitation, statements
regarding production estimates and future plans and objectives of Heritage -
are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate;
actual results and future events could differ materially from those
anticipated in such statements. Factors that could cause actual results to
differ materially from anticipated results include risks and uncertainties
such as: risks relating to estimates of reserves and recoveries; production
and operating cost assumptions; development risks and costs; the risk of
commodity price fluctuations; political and regulatory risks; and other risks
and uncertainties as disclosed under the heading "Risk Factors" and elsewhere
in Heritage documents filed from time-to-time with the Toronto Stock Exchange
and other regulatory authorities. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

%SEDAR: 00010129E

For further information: Investors Relations Contacts: CHF Investor Relations:
Cathy Hume, Tel (416) 868-1079 x231, Email cathy@chfir.com; Heather
Colpitts, Tel (416) 868-1079 x223, Email heather@chfir.com; Heritage Oil
Corporation: European Contact Details: Tony Buckingham/Paul Atherton, Tel +41
91 973 1800 or +44 870 011 5555, Fax +41 91 973 1808 or +44 20 7629 3863,
Email info@heritageoilcorp.com; Canadian Contact Details: John McLeod, Tel
(403) 234-9974, Fax (403) 261-1941

 
13 Postings ausgeblendet.
Seite: < 1 | 2 >  

2102 Postings, 6501 Tage friewoÜber 400 Prozent

 
  
    #15
15.05.07 20:11
im Plus nach 24 Monaten können sich doch bei einem Long-Invest sehen lassen.
Und dazu noch eine Aktie aus der Öl- und Gasbranche.
Wer hier investiert ist, der hat alles richtig gemacht.
Hier frist keine Gier das Hirn und eine Kellerleiche sieht anders aus.  

2102 Postings, 6501 Tage friewoWieder mal

 
  
    #16
18.05.07 17:54
neues ATH und fast niemand schaut hin.
Vieles wird ohne vernünftige Fundamentals empfohlen. Hier gibt es aber welche ... und deshalb ist der Kurs in 24 Monaten gut gelaufen.
Das ist noch nicht das Ende der Fahnenstange!  

491 Postings, 6636 Tage siggilederNews vom 11. Mai

 
  
    #17
31.05.07 16:34

Heritage Oil releases first quarter 2007 results and operational update      /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE     SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/      CALGARY, May 11 /CNW/ - Heritage Oil Corporation (TSX: HOC) today announced its financial and operating results for the first quarter of 2007. Heritage's consolidated financial statements and Management's Discussion and Analysis for Q1 2007 have been filed and are available on SEDAR at www.sedar.com and can also be viewed on the Company's website at www.heritageoilcorp.com. All figures are in US Dollars unless otherwise noted.      OPERATIONAL AND FINANCIAL HIGHLIGHTS      The first months of this year have been very active for Heritage, with a significant oil discovery in Uganda, completion of testing of a significant oil and gas discovery in Oman and the commencement of a multi-well drilling program in the Zapadno Chumpasskoye field, Russia. In addition, $165 million was raised by the issue of an 8% convertible bond (2007 bonds) and there was the redemption of existing bonds for $82.5 million.     With a strong cash position of $93.4 million at March 31, 2007, including $19.8 million of restricted cash, which is held in escrow to finance the first three semi-annual interest payments on the 2007 bonds, Heritage is well positioned to finance 2007 programs which include drilling in Western Siberia, development of the West Bukha field in Oman, seismic programs and further drilling in Uganda and formalising a Production Sharing Agreement (PSA) in the Kurdistan Region of Iraq.     Heritage's operating and financial highlights for the first quarter of 2007 include the following:      <<      -  In Uganda, the Kingfisher deviated well in Block 3A, Uganda (Heritage         operator, 50% interest) was drilled to a total depth of 3,195 metres.         Four intervals were tested successfully, producing an aggregate flow         rate of 13,893 bopd. The 2007 work program has been accelerated and         the shooting of two seismic surveys has commenced; a 325 square         kilometre 3D program over the Kingfisher and Pelican structures in         Block 3A and a 500 kilometre 2D survey in Block 1. Heritage is         looking to drill another well on the Kingfisher prospect later this         year to target the primary objective which lies beneath the         approximate 3,200 metres reached in the Kingfisher well. Drilling of         the Pelican structure is expected to commence in 2008.       -  In the Zapadno Chumpasskoye field, Russia (Heritage operator, 95%         interest) Heritage commenced drilling the first well in a multi-well         program, comprising three appraisal wells and an initial 16         development wells. The well currently being drilled is an appraisal         well that is to be drilled to a total depth of approximately 3,000         metres. It will target the Late Jurassic sandstone reservoir, which         is the same horizon as nearby well No.226 which tested at the end of         2006 at a rate of 124 barrels of oil over a five hour period         (corresponding to 600 barrels of oil per day). Commercial production         is scheduled to commence before the end of the second quarter 2007.       -  Progress continues in the Kurdistan Region of Iraq. Following last         year's strategic review, a decision was made to terminate the         existing corporate relationships in the Kurdistan Region of Iraq.         This decision acted as a catalyst to re-energise Heritage's         initiatives and an application for a PSA has been submitted to the         Minister of Hydrocarbons of Kurdistan in the first quarter of 2007.         The draft oil and gas law, prepared by the Council of Ministers and         the Oil and Energy Committee, was sent to the Iraqi Parliament for         approval at the beginning of May 2007.       -  Testing of the West Bukha-2 appraisal/development well in Block 8         Oman (10% interest) was completed in Q1, 2007. The well test produced         a combined flow-rate from the Ilam/Mishrif/Mauddud and Thamama zones         of approximately 12,750 bopd of 42: API oil and 26 MMscf/d. The         development of the West Bukha field continues, with first production         slated for the first half of 2008. The West Bukha field is to be tied         into the Bukha field and production will be brought onshore through         existing facilities.       -  In March 2007, Heritage disposed of its non-core equity interests in         Natural Pipelay Worldwide Limited and Naturalay Technologies Limited,         for consideration of 605,000 common shares in SeaDragon Offshore         Limited ("SeaDragon"), a private company, resulting in a gain on         disposition of $1,082,120. SeaDragon is building one of the world's         largest semi-submersible rigs.       -  In order to secure adequate financing for the Company's expanding         operational base, Heritage raised $165 million five year convertible         8% bonds with J.P. Morgan Securities Ltd. in February 2007.     >>      Q1 2007 Financial results      Total revenue from continuing operations of $1,080,957 in the first quarter of 2007 was $1,040,771 lower than the same period last year as a result of the periodic nature of condensate sales from Oman, where there are typically two sales per annum. Only LPG was sold during the first quarter of 2007, while in the same period last year 17,578 barrels of condensate were sold, generating revenue of $1,119,325.     On January 17, 2007, the Company gave notice that it had exercised its option to redeem 550 outstanding unsecured senior convertible bonds at 150% of par value for total proceeds of $82,500,000 plus accrued interest, which was paid on March 28, 2007. This redemption, which was financed by the 2007 bonds that have a conversion price of US$47.00 per share compared to US$18.00 for the existing bonds, resulted in a significant reduction in dilution to existing shareholders. The consideration of $82,500,000 was allocated between the liability and equity components which resulted in recognition of loss on redemption, net of transaction costs, of the liability component of $3,740,780, included in the statement of earnings (loss), and a premium on redemption of the equity component of $26,195,196, which was charged to retained earnings.     The net loss in the first quarter of 2007 was $7,973,111, compared to earnings of $434,168 in the same period in 2006. In Q1 2007, basic and diluted loss per share was $0.36, compared to basic and diluted earnings per share of $0.02 in the same period last year. The results of operations in Congo were classified as discontinued operations in 2006 and 2007.     Heritage is an international oil and gas corporation with a diversified portfolio of properties, including a producing property in the Sultanate of Oman, a development property in Russia and exploration projects in the Republic of Uganda and the Democratic Republic of Congo. The Company is also pursuing opportunities in the Kurdistan Region of Iraq and in other areas of Iraq.     The Company's Common Shares trade on the Toronto Stock Exchange under the symbol HOC.      If you would prefer to receive press releases via email contact Ana Augusta (ana@chfir.com) and specify "Heritage press releases" in the subject line.      FORWARD-LOOKING STATEMENTS:     Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding production estimates and future plans and objectives of Heritage - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves and recoveries; production and operating cost assumptions; development risks and costs; the risk of commodity price fluctuations; political and regulatory risks; and other risks and uncertainties as disclosed under the heading "Risk Factors" in its AIF and elsewhere in Heritage documents filed from time-to-time with the Toronto Stock Exchange and other regulatory authorities. Further, any forward-looking statement is made only as of a certain date and the Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or reflect the occurrence of unanticipated events, except as may be required by applicable securities laws. New factors emerge from time to time, and it is not possible for management of the Company to predict all of these factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.       <<     HERITAGE OIL CORPORATION     Consolidated Balance Sheets      March 31, 2007 and December 31, 2006 (Unaudited)          (U.S. dollars)      --------------------------------------------------                                                          2007           2006     --------------------------------------------------     Assets      Current assets:       Cash and cash equivalents                 $  73,557,533  $  46,861,146       Restricted cash                              13,243,551              -       Accounts receivable                           5,586,753      9,839,506       Inventories                                     208,602         50,552       Prepaid expenses                                117,633        531,273     --------------------------------------------------                                                    92,714,072     57,282,477      Restricted cash                                 6,600,000              -     Investment in warrants                            741,656        719,380     Investment in shares                            2,420,000              -     Property, plant and equipment                 123,624,680     98,311,833     Deferred financing costs                                -      2,539,726     Deferred development costs                              -      1,574,039      --------------------------------------------------                                                 $ 226,100,408  $ 160,427,455     --------------------------------------------------     --------------------------------------------------      Liabilities and Shareholders' Equity      Current liabilities:       Accounts payable and accrued liabilities  $   8,857,692  $  12,715,381       Current portion of long-term debt               149,296        147,720     --------------------------------------------------                                                     9,006,988     12,863,101      Long-term debt                                  8,409,697      8,409,793     Convertible bonds                             140,621,314     57,115,731     Asset retirement obligations                       63,880         62,322     Future income tax liability                     2,346,605      2,346,605      Shareholders' equity:       Share capital                                29,614,370     24,580,984       Equity component of convertible bonds        17,866,517      3,284,890       Contributed surplus                           2,913,669      2,533,532       Retained earnings                            15,257,368     49,230,497     --------------------------------------------------                                                    65,651,924     79,629,903      --------------------------------------------------                                                 $ 226,100,408  $ 160,427,455     --------------------------------------------------     --------------------------------------------------        HERITAGE OIL CORPORATION     Consolidated Statements of Earnings (Loss) and Retained Earnings      Three-months ended March 31, 2007 and 2006 (Unaudited)    (U.S. dollars)      --------------------------------------------------                                                          2007           2006     --------------------------------------------------     REVENUE:     Petroleum and natural gas                   $      83,761  $   1,231,615     Drill rig                                               -        812,627     Interest                                          997,196         77,486     --------------------------------------------------                                                     1,080,957      2,121,728     EXPENSES:     Petroleum and natural gas operating               129,333        273,185     Drilling rig operating                             38,359        593,614     General and administrative                      2,002,587      1,242,131     Financing charges                               3,726,056        217,714     Foreign exchange losses                            35,925         50,997     Depletion, depreciation and accretion             290,246        136,167     --------------------------------------------------                                                     6,222,506      2,513,808     Loss on redemption of liability component      of convertible bonds                          (3,740,780)             -     Gain on disposition of investments in      subsidiaries                                   1,082,120              -     Unrealized loss on investment in warrants        (172,902)             -     --------------------------------------------------     Loss from continuing operations                (7,973,111)      (392,080)     Earnings from discontinued operations                   -        826,248     --------------------------------------------------     Net earnings (loss)                            (7,973,111)       434,168     Retained earnings, beginning of period         49,230,497     47,894,165     Impact of change in accounting policies           195,178              -     Premium on redemption of equity component      of convertible bonds                         (26,195,196)             -     --------------------------------------------------     Retained earnings, end of period            $  15,257,368  $  48,328,333     --------------------------------------------------     --------------------------------------------------      Net earnings (loss) per share from      continuing operations:       Basic and diluted                         $       (0.36) $       (0.02)     --------------------------------------------------     --------------------------------------------------      Net earnings (loss) per share:       Basic and diluted                         $       (0.36) $        0.02     --------------------------------------------------     --------------------------------------------------        HERITAGE OIL CORPORATION     Consolidated Statements of Cash Flows      Three-months ended March 31, 2007 and 2006 (Unaudited)     (U.S. dollars)      --------------------------------------------------                                                          2007           2006     --------------------------------------------------      CASH PROVIDED BY (USED IN):     OPERATING:     Net loss from continuing operations         $  (7,973,111) $    (392,080)       Items not involving cash:       Depletion, depreciation and accretion           290,246        136,167       Financing charges                               726,365         15,373       Foreign exchange losses                          12,865        122,682       Stock based compensation                        322,301        183,625       Loss on redemption of liability component        of convertible bonds                         3,740,780              -       Gain on disposition of investments        in subsidiaries                             (1,082,120)             -       Unrealized loss on investment in warrants       172,902              -     Changes in non-cash operating working      capital                                        4,869,985     (1,643,727)     --------------------------------------------------     Continuing operations                           1,080,213     (1,577,960)     Discontinued operations                                 -      1,981,249     --------------------------------------------------                                                     1,080,213        403,289     FINANCING:     Issue of convertible bonds, net of      issue costs                                  158,020,732     57,000,000     Redemption of convertible bonds               (83,022,752)             -     Repayment of long-term debt                       (39,601)      (162,193)     Changes in non-cash financing working      capital                                                -      1,500,000     --------------------------------------------------                                                    74,958,379     58,337,807     INVESTING:     Property, plant and equipment expenditures    (25,543,699)    (3,173,797)     Development expenditure                           (63,840)        (8,782)     Restricted cash                               (19,843,551)             -     Changes in non-cash investing working      capital                                       (3,919,331)     1,396,652     --------------------------------------------------                                                   (49,370,421)    (1,785,927)     Discontinued operations                                 -       (806,995)     --------------------------------------------------                                                   (49,370,421)    (2,592,922)     --------------------------------------------------     Foreign exchange losses on cash and cash      equivalents in foreign currency                   28,216        (38,287)     --------------------------------------------------     Increase in cash and cash equivalents          26,696,387     56,109,887     Cash and cash equivalents, beginning of      period                                        46,861,146      8,583,321     --------------------------------------------------     Cash and cash equivalents, end of period    $  73,557,533  $  64,693,208     --------------------------------------------------     --------------------------------------------------     Supplementary information:       Interest received                         $   1,098,984  $      51,351       Interest paid                             $   1,511,197  $     120,749     --------------------------------------------------     --------------------------------------------------     >>

 

2102 Postings, 6501 Tage friewoWas will ein Longinvest mehr - die

 
  
    #18
31.05.07 19:45
30 Euronen wurden geknackt. Zudem ist es hier immer noch ruhig, friedlich und ohne Pöbelpack.
Ist ja hinlänglich bekannt, dass die Herdenlämmer ständig den Leithammels der BBs hinterherrennen. Wenn's nicht läuft wie die Lämmer es möchten, dann ist das Geblöke riesengroß.  

2102 Postings, 6501 Tage friewoDa läuft eine

 
  
    #19
14.06.07 18:46
Kampagne gegen einen deutschen Vermögensvernichter und ein Langschläfer aus dem Öl- und Gassektor hat wieder ein neues ATH geschafft.
600 % in 2 Jahren können sich doch sehen lassen ... und das sollte noch nicht das Ende der Fahnenstange gewesen sein.  

7 Postings, 6847 Tage AxelSEnormes Potenzial ?

 
  
    #20
16.06.07 22:54
Hallo

ich wollte mal was fragen,

wenn Heritage OIL die Lizenz erhält z.B. 1% vom Oil im Nord Irak zu fördern, dass das 350 Millionen Barrel Oil sind.

Und  wenn man die 350 Millionen Barrel durch die jetzigen 18Million Barrel teil die Heritage OIL bereits besitzt, macht das 19,44

würde das Investierte Geld in die Aktie auch um das 19,44 fache steigen ?
 

2102 Postings, 6501 Tage friewoHallo Axel - so einfach

 
  
    #21
18.06.07 22:06
ist das nicht.
Zur Bewertung einer Aktie müssen verschiedene Fakten herangezogen werden. Wichtig ist der innere Wert einer Gesellschaft und ein gutes Management. Weiter sind wichtig: Produziert die Gesellschaft schon oder exploriert sie noch, ist ein Cashpolster vorhanden, hat sie amtlich bestätigte Bodenschätze usw. Die Frage nach dem fairen Wert muss auch gestellt werden.
Da kommt es mit drauf an, in welcher Branche die Gesellschaft tätig ist.
Schau dir doch mal im Thread "Blue Pearl Mining - Stairway to Heaven?" unter Posting 154 eine Berechnung mit 3 Beispielen an.
Von Heritage bin ich überzeugt, weil noch kein Tropfen irakischen Öls in der Aktienbewertung steckt.
Wie schon gepostet, war mein Einstieg im Jahre 2005 bei 4,80 Euronen.
Ein Glücksgriff, und sie schläft weiter.
Die Fahnenstange ist hier noch nicht erreicht.  

423 Postings, 6465 Tage ZaraP@friewo

 
  
    #22
19.06.07 16:55
gratulation von mir, beobachte diesen Wert schon 1 Jahr, habe mich aber nie richtig auseinander gestzt (leider).
Beim nächsten Rücksetzer bin ich dabei!
Greetz ZaraP  

491 Postings, 6636 Tage siggilederMomentan scheint die Aktie

 
  
    #23
20.06.07 16:11
sowas wie einen Rücksetzer gar nicht zu kennen.  
Angehängte Grafik:
Steiler_Anstieg.png
Steiler_Anstieg.png

2102 Postings, 6501 Tage friewoAn alle Investierten - der

 
  
    #24
08.08.07 17:33
langfristige Aufwärtskanal wurde nicht nach unten durchbrochen. Die steilere Aufwärtslinie im Chartverlauf wurde getestet und bei 34,10 Euronen war ein Wendepunkt ... ab dem es wieder aufwärts geht.
Die Fakten sind gut und das Irak-Geschäft sollte auch noch etwas bringen.
Solche Konsos sollte man durchstehen, oder die Finger von dieser Aktie lassen.
Hatte in der Spitze 900 % und werde sie weiter halten.  

540 Postings, 8758 Tage dagoduckTrend

 
  
    #25
12.08.07 21:59
ich denke zur zeit kann man nicht mit trendindikatoren arbeiten.
ich bin und bleibe bei heritage investiert. ggf. kaufe ich noch eine position nach
 

5847 Postings, 6596 Tage biomuellwar eine gute Kaufgelegenheit bei 40 und darunter

 
  
    #26
21.08.07 12:41
als folger der Börsenschwäche und der Schiesserei an der Grenze zwischen Uganda und Kongo (ein toter englischer Heritage Geologe), Grenzprobleme (ums Öl) sind noch lange nicht gelöst, aber wenigstens spricht man jetzt zwischen Kongo und Uganda. Die Ölfund sind enorm. Wenn es friedlich bleiben sollte, sollte sich Heritage in absehbarer Zeit (6 Monate) verdoppeln - aber dann sollte man unbedingt dabei bleiben, wenn der Konflikt diplomatisch gelöst wird !!!  

5847 Postings, 6596 Tage biomuellda könnte sich ein unmittelbarer AUSBRUCH

 
  
    #27
23.08.07 17:45
ankündigen: die 50 CAD und 35 €  - ganz besonders wenn der Ölpreis eher wieder rauf tendiert (was ich erwarte)  

5847 Postings, 6596 Tage biomuellwie angekündigt - die 50 CAD wurden klar geknackt

 
  
    #28
27.08.07 11:29
Heritage wird meiner Einschätzung nach noch in diesem Jahr das All-time High testen - und das sind noch gute + 40 % !  

5847 Postings, 6596 Tage biomuellLizenz in Kurdistan/Iraq noch in 2007 !

 
  
    #29
02.09.07 16:38
http://www.heritageoilcorp.com/press/...itage%20Q2%202007%20final.pdf

seite 2 !

Progress continues in the Kurdistan Region of Iraq. Heritage submitted an application
for a PSA to the Minister of Natural Resources of the Kurdistan Regional Government
in the first quarter of 2007. The Kurdish Regional Parliament approved a new
hydrocarbon law on August 6, 2007. This law will be passed to the Kurdish Regional
Government’s Prime Minister for signature and thereafter, it is expected that the
Kurdistan Regional Government will commence finalisation of pending PSA
applications. Management considers Heritage is well placed to be awarded an
exploration license later this year.


IRAQ ist mit NULL in Heriateg eingepreist - der kontinuerliche jahrelange Anstieg geht einher mit fortstreitendem Explorationserfolg in Afrika!

Früher oder später wird Heritage von Tullow Oil (GB) übernommen werden. Tullow ist am Weg DER PLAYER in Afrika zu werden (siehe news zuletzt über die Explorationserfolge i Ghana und Uganda!  

5847 Postings, 6596 Tage biomuellVERTRAG mit Kurdistan/IRAQ ! !

 
  
    #30
02.10.07 16:03
Attention Business Editors:

Heritage Oil awarded production sharing contract in Kurdistan Region of Iraq


    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
    SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    CALGARY, Oct. 2 /CNW/ - Heritage Oil Corporation (TSX: HOC) ("Heritage"
or "the Company") today is pleased to announce that it has executed a
Production Sharing Contract with the Kurdistan Regional Government (KRG) over
Miran Block in the south-west of the Kurdistan Region of Iraq and that
Heritage will be operating as a 50/50 partner with the KRG to create a 20,000
barrel per day oil refinery in the vicinity of the licence area.
    Under the terms of the agreement, Heritage Energy Middle East Limited, a
wholly owned subsidiary of Heritage, will serve as operator. Heritage will
join the existing and increasing presence of international oil exploration,
development and production companies operating in the Kurdistan Region of
Iraq.
    The licence area is 1,015 square kilometres and encompasses the very
large Miran structure. This structure, as expressed at surface, constitutes an
area of approximately 500 square kilometres and appears to have three separate
culminations. Reservoir potential exists at numerous zones that management
estimate could contain in excess of 1 billion barrels of oil. Recent drilling
results have demonstrated the enormous potential of this region.
    In addition, Heritage has also entered into a strategic agreement with
the KRG to establish a 50/50 joint venture company which shall build, own and
operate an oil refinery in the vicinity of the licence. The refinery, which
should have a capacity of 20,000 barrels of oil per day, is scheduled to be
operational to design specification within approximately two years. Heritage
is especially pleased to be part of this extremely exciting and profitable
project that will create value added petroleum products for the region and all
of Iraq.
    Heritage will commence geological work immediately, having established
its local office in Erbil in 2005, and aims to commence a high-impact
exploration drilling program in 2008. Heritage has assembled a highly
experienced technical team with considerable experience of the regional
geology.
    The total contractual financial commitment for the Miran Licence is
estimated to be less than US$40 million distributed over the first five year
term, which can be extended for a further two years thereafter. The
exploration licence will be automatically converted into a development licence
on a commercial discovery.
    Mr. Tony Buckingham, CEO, stated:
    "We are delighted to be among the first international companies to be
awarded a licence in the Kurdistan Region subsequent to the approval of the
Oil and Gas Law in August 2007. We consider this licence to be one of the most
prospective blocks in this until now under-explored region, with billion
barrel oil potential. This licence can become a world-class asset which would
generate significant additional shareholder value for Heritage. Our long-term
commitment to the oil industry and further economic development in the
Kurdistan Region is demonstrated further by our winning the right to build and
operate a refinery in the vicinity of the Miran licence in a joint venture
with the Kurdistan Regional Government."

    -   Notes to Editors: Heritage is an international oil and gas
        corporation with a diversified portfolio of properties, including a
        producing property in the Sultanate of Oman, a development property
        in Russia and exploration projects in the Republic of Uganda, the
        Democratic Republic of Congo and the Kurdistan Region of Iraq

    -   Heritage's management team has a proven track-record of finding new
        large oil discoveries, including the new hydrocarbon system in Lake
        Albert, Uganda and the M'Boundi field in the Republic of Congo

    -   A location map of the Miran licence is available on Heritage's
        website at www.heritageoilcorp.com

    If you would prefer to receive press releases via email contact Kelly
Cody (kelly@chfir.com) and specify "Heritage press releases" in the subject
line.

    FORWARD-LOOKING STATEMENTS:

    Except for statements of historical fact, all statements in this news
release - including, without limitation, statements regarding production
estimates and future plans and objectives of Heritage - are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate; actual results and
future events could differ materially from those anticipated in such
statements. Factors that could cause actual results to differ materially from
anticipated results include risks and uncertainties such as: risks relating to
estimates of reserves and recoveries; production and operating cost
assumptions; development risks and costs; the risk of commodity price
fluctuations; political and regulatory risks; and other risks and
uncertainties as disclosed under the heading "Risk Factors" in its AIF and
elsewhere in Heritage documents filed from time-to-time with the Toronto Stock
Exchange and other regulatory authorities. Further, any forward-looking
statement is made only as of a certain date and the Company undertakes no
obligation to update any forward-looking statement or statements to reflect
events or circumstances after the date on which such statement is made or
reflect the occurrence of unanticipated events, except as may be required by
applicable securities laws. New factors emerge from time to time, and it is
not possible for management of the Company to predict all of these factors and
to assess in advance the impact of each such factor on the Company's business
or the extent to which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any forward-looking
statement.

    %SEDAR: 00010129E

For further information: Investors Relations Contacts: CHF Investor Relations,
Cathy Hume, Tel: (416) 868-1079 x231, Email: cathy@chfir.com; Kelly Cody,
Tel: (416) 868-1079 x223, Email: kelly@chfir.com; Heritage Oil Corporation,
Tony Buckingham, Paul Atherton, Tel +41 91 973 1800, +44 870 011 5555, (403)
234 9974, Email info@heritageoilcorp.com



__________________________________________________
This message has been scanned for viruses.
 

5847 Postings, 6596 Tage biomuellseht Euch diesen CHART an!

 
  
    #31
02.10.07 18:23
ausbruchssignal!  Explroationsergebnisse in Ugaanda; benachbarte Claims in Kongo (wo die Chinesen jetzt Milliarden investieren wollen!! Es gibt im Kongo nur Tullow und Heritage Oil, als public oil companies!

und jetzt der Vertrag mit Kurdistan/Iraq.

Heritage wird früher oder sspäter übernommen (tullow), aber nicht zum jetztigen Preis!  

5847 Postings, 6596 Tage biomuellbin ich hier alleine ??

 
  
    #32
03.10.07 10:52
lasst Euch diesen Ölexplorer/produzenten nicht entgehen !!  

68 Postings, 7241 Tage rofinhey bio...

 
  
    #33
03.10.07 11:23
du bist nicht alleine, in diesem tollem wert bin ich
auch investiert und hoffe auf weiter steigende kurse!!
lg
rofin
ps. hier fehlt natürlich zu größeren deutschen werten die
nachrichtenlage,deswegen wird hier auch nicht so oft gepostet....  

5847 Postings, 6596 Tage biomuellmore details !

 
  
    #34
03.10.07 13:42
http://web.krg.org/articles/...r=223&lngnr=12&anr=20474&smap=02010100

New upstream projects
The Ministry for Natural Resources today executed two of the approved production sharing contracts (PSCs) for oil and gas exploration and development in the Kurdistan Region:


Award of the Miran Block (1,015 square kilometres) in Suleimaniah Governorate to Heritage Energy Middle East Limited, a wholly owned subsidiary of Canadian listed oil company Heritage Oil and Gas. The Miran Block is a low to medium exploration risk area  

5847 Postings, 6596 Tage biomuelldas war ein Ausbruch mit ANSAGE

 
  
    #35
05.10.07 11:28
in meinem e-mail vom 23 August....

mittelfristig sollte wir das ATH attackieren. Der Ölpreis ist auf höchsten Niveau, jetzt die news von Kurdistan und die Lage in Uganda (und Kongo - dort wollen sich die Chinesen in grossem Umfang Ölgeschäfte sichern) hat sich auch weiter verbessert.


Früher oder später kommt hier zudem ein Übernahmeangebot von Tullow (es sei denn die Chinesen schlagen vorher zu)  

5847 Postings, 6596 Tage biomuellkeiner dabei ?

 
  
    #36
10.10.07 14:46

5847 Postings, 6596 Tage biomuellwieder + 6,5 % in Canada

 
  
    #37
10.10.07 21:18

5847 Postings, 6596 Tage biomuellnetter Ausbruch von 34 auf 44 €

 
  
    #38
12.10.07 17:20
und das ganze mit Ansage und genügend zeit zum einsteigen  

2102 Postings, 6501 Tage friewoHallo all ... die noch

 
  
    #39
23.04.08 19:55
in HERITAGE OIL investiert sind.

Mit Datum 07.04.2008 wurden Heritage-Shares gesplittet und zwar im Verhältnis 1:10
Demnach gab es für eine alte Aktie nach dem Splitting zehn neue.

Neue WKN: A0NG6K

Das Lagerland ist jetzt JERSEY (Kanalinsel). M.M. ein guter Schachzug.

Durch das Splitting ist der Wert gefestigt und optisch wieder günstig geworden.

Das ist keine Kauf- oder Verkaufsempfehlung.

Schönen Tag noch!  

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