Tag Archives | Heritage

Heritage Oil Suspends Shares Following Acquisition

Shares in Heritage Oil, the petroleum explorer and producer with operations in Iraqi Kurdistan, have been suspended following the announcement of a major acquisition in Nigeria. Together with a local Nigerian partner, Shoreline Power Company Limited, the company has reached agreement to acquire a 45% participating interest in a producing oil mining lease in Nigeria […]

Heritage Oil Starts Drilling at Miran West-4

Heritage Oil has announced that it has commenced drilling the Miran West-4 appraisal well in Kurdistan. Highlights: The Miran West-4 appraisal well has commenced drilling on the Miran Block in Kurdistan This is the fifth well to be drilled on the large Miran field and the fourth on the Western structure. The well is designed […]

Heritage Oil Operational Update

Heritage Oil has issued the following update on operations: Highlights The Miran West-4 appraisal well will shortly commence drilling on the Miran Block in Kurdistan. It will be the third appraisal well drilled on the Western structure The well is designed to further appraise the oil potential of the Upper Cretaceous reservoir It is intended […]

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New Kurdistan-Turkey Pipeline could be Game-Changer

A plan to construct a new oil pipeline, with a capacity of 1 million barrels per day, between Iraqi Kurdistan and Turkey has drawn positive responses from many in the oil industry, according to a report from Investors Chronicle. Paul Atherton, finance chief of Heritage Resources, said: "This is an excellent opportunity for Heritage to […]

Heritage Oil Appoints Iraq Veteran as Non-Exec

Heritage Oil has announced the appointment of Colonel Mark Erwin (Retd.) as an independent Non-Executive Director of the Company with immediate effect. Mr. Erwin, aged 49, served in the United States Army for over 25 years culminating his career as the Chief of Staff of the United States Army Special Operations Command, which oversees all […]

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Heritage Oil Down Slightly on Results

Shares in Heritage Oil (LSE: HOIL) closed down 2% on Wednesday following the announcement of its results for the twelve months ended 31 December 2011: 2011 Operational Highlights Awarded new licences in Tanzania which Heritage believes could be geologically analogous to the Lake Albert Basin, providing the Company with a key advantage in assessing the […]

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Seymour Pierce tips Kurdistan as Key Oil and Gas Region

Kurdistan, along with East Africa and the North Sea, has been identified by an analyst at brokerage Seymour Pierce as a key oil and gas region that is likely to see significant positive momentum this year. Dr Doug Youngson initiated coverage on eleven stocks and picked the three places as his ‘Top Regions’. In Kurdistan, […]

Heritage Oil Updates on Miran West

As part of its interim management statement, Heritage Oil plc has issued an update on its operations in Iraqi Kurdistan. : Heritage successfully completed testing of the Upper Cretaceous reservoir in the Miran West-3 well after drilling to a depth of 876 metres. During testing the maximum measured rate achieved from this reservoir section was […]

Heritage Oil Announces Successful Testing at Miran West-3 Well

Heritage Oil has announced that it has completed testing of the oil bearing Upper Cretaceous reservoir in the Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"): Maximum flow rate achieved from the Upper Cretaceous reservoir was 1,950 bopd, restricted by surface equipment Confirmed gross in-place P50-P90 contingent volumes of 53-75 MMbbls of oil […]

Heritage Oil Announces Interim Results

Heritage Oil has announced its interim results for the six months ended 30 June 2011. Operational Highlights ·         Miran West-3 well in the Kurdistan Region of Iraq ("Kurdistan"), commenced drilling on 7 August 2011 ·         Miran 3D seismic acquisition is nearing completion and 2D seismic acquisition in the southern portion of the Miran Block has […]

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Heritage Starts Drilling at Miran West-3

Heritage Oil has announced that it has commenced drilling the Miran West-3 well in the Kurdistan Region of Iraq. Highlights The Miran West-3 well has commenced drilling with the primary objective of appraising the Miran West structure The well is targeting both the Jurassic and Cretaceous reservoir formations encountered in the Miran West-1 and Miran […]

Heritage Oil Issues Interim Management Statement

Shares in Heritage Oil Plc (LSE: HOIL), the independent upstream exploration and production company with operations in Iraqi Kurdistan (pictured), were unchanged on Wednesday following the release of its interim management statement. Highlights Rig contract to drill the Miran West-3 well in the Miran Block, Kurdistan, was signed in April and the well is scheduled […]

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