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 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 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 […]
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 […]
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 […]
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company with operations in Iraqi Kurdistan, has released its 2010 Annual Report & Accounts. Please click here to download a copy (6.3 MB).
Heritage Oil Plc (LSE: HOIL), the independent upstream exploration and production company with operations in Iraqi Kurdistan, has announced that it is commencing with immediate effect, a buy back programme to spend up to $100 million to acquire its Ordinary Shares, as the Board of Directors (the "Board") considers that the current share price is […]
Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, has provided an update on the work programme and development options for the Miran Block in the Kurdistan Region of Iraq ("Kurdistan"). Highlights · Rig secured to commence a multi-well exploration and appraisal drilling campaign on the Miran Block · Miran West-3 well […]
Shares in Heritage Oil fell 17% this morning following their announcement of a major gas find in Kurdistan. [UPDATE: the shares ended the day down 29%] While the discovery is very significant, the market was hoping for oil rather than gas, leading to a share sell-off. The full text of the announcement follows: Heritage Oil […]
According to a report from Interactive Investor, foreign oil companies operating in Kurdistan have been thrust into the limelight as the race for a new Iraqi Prime Minister gets underway. There are over 25 international oil companies operating in the region, including UK-listed Gulf Keystone Petroleum (LSE: GKP) and Heritage Oil (LSE: HOIL). AIM-listed Gulf […]
Heritage Oil is to dig its Miran West-2 test well in Kurdistan deeper than originally planned after results proved much less productive than the adjacent test well.
Heritage Oil, this month will sell its Ugandan operations for $1.35bn after more than a decade of development work. writes Miles Johnson in the Financial Times The cash will be used to pay investors a special dividend of between 75p and £1 per share, and to delve into fresh projects in Africa and the Middle […]
