Tag Archives | Heritage

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Share Price Prompts Heritage Oil Buy-Back

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 […]

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Heritage Oil Updates on Miran Block

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 […]

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Heritage Oil Discovers Gas in Kurdistan, Shares Fall

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 […]

Could Kurdistan Unrest Hit UK-listed Oil Firms?

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 switches to Mid East

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 […]