Heritage Oil Jumps 21% on Resumption of Share Trading

By John Lee.

Shares in Heritage Oil closed the day up 21% at 148.80p on Tuesday, following the resumption of trading on the London Stock Exchange.

Trading in the shares had been temporarily suspended on 2nd July pending publication of a prospectus relating to the company’s proposed acquisition in Nigeria, which was issued yesterday.

On Tuesday afternoon, Oxford Asset Management reported a disclosable short position equal to 0.6% of the company’s shares.

(Picture: Michael Hibberd, Chairman and Non-Executive Director)

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