Another newcomer to the main market...anybody any idea what the production figures are ?

Might have to try those in future !.

I really don't know why you bother rf.

You usually get it wrong. Wouldn't it be better for you to stick it somewhere safe (under the mattress?) until the market improves ..

just a suggestion ....

ouch, what a comment..... just think if he did that then a friend did a surprise spring clean for him ...... lol

Dealerdear ; you tell me what the market or a specific share is going to do : I'm all ears !, I still think that the main market oilies have further to climb but in the short term this is a nasty pullback !.

Talking of ups and downs..HOIL taking a knock here..

indeed ..... sold most of mine a few days ago but will continue to hold rump ...... had hoped they were going to be taken over, but of course they just merged with another in the end - hey ho

Still in...that's the way it seems to be going for me...anticipated the TLW pullback but not the HOIL...

topped up this morning at 440, and that has proved a good move - at the moment ...... also, apparent heavy volume .... if true .... hmm!

is perceived demand triggering demand or is there truly something of interest afoot? ...... sp +45 or thereabouts and very heavy volume at 2.25m

LONDON, July 14 (Reuters) - Shares in UK-based oil explorer Heritage Oil Ltd jumped more than 7 percent on Tuesday on market talk of a potential bid interest from Royal Dutch Shell , traders said.
Both Royal Dutch Shell and Heritage declined to comment on the market talk.
A trader said the talk was for a potential bid of 700 pence per share.

prob a load of bollocks!

Although, of course you hope it isn't! ;o)

i do, but can't hold my breath that long!

Where this might take off like a rocket is : when they announce another well is to be drilled on another prospect close to their last success...I anticipate that the market will price the sp up 50p in one go...it's all guesswork but very possible.

Who would be the interested companies in this part of Iraq, just out of interest anybody know? Nice to see hoil climbing back up the ladder.

BAGHDAD Iraq has removed a small gas field in Basra from a list of 11 oil and gas fields being offered for development in its second round of postwar bidding.

A top Iraqi official overseeing oil and gas licenses said Sunday that Iraq's state-run South Oil Co. will instead develop the Siba field in Basra rather than put it up for bidding.

Abdul-Mahdi al-Ameedi says Iraq has the ability to develop the small field.

Nine international oil companies have qualified to take part in the second round of bidding slated to begin later this year.

Iraq's first round of bidding wrapped up last month with only one deal made to develop a single oil field.

Business Financial Newswire
"Independent upstream oil explorer and producer Heritage Oil will issue 286.3 million shares to acquire Genel Energy International.

Genel's previously announced $1.1bn capacity building liability for infrastructure support to the Kurdistan Region of Iraq will be extinguished in its entirety at, or before, completion.

Heritage said that 96 million of the new shares will go to the Kurdistan Regional Government in consideration for extinguishing the infrastructure projects liability.

Heritage chief executive Tony Buckingham said: "We look forward to adding to Heritage Oil's world-class discoveries in Uganda by creating the leading Anglo-Turkish company with oil production and refining capacity in the Kurdistan Region.

"We recognise the important role Turkey is playing in the region and are delighted that the KRG will be a significant long-term shareholder.

"Our due diligence has highlighted that, in addition to the known export opportunities from the region, there is considerable and growing domestic demand for petroleum products which the Taq Taq refinery should help us capture, bringing strong potential cash flow and earnings to shareholders."

HERITAGE OIL ANNOUNCES THE COMPLETION OF TESTING THE MIRAN WEST-1 DISCOVERY in THE KURDISTAN REGION OF IRAQ

Highlights
"Testing has been completed and a flow rate of 3,640 bopd was recorded from a single reservoir interval

The test flow rate was restricted by surface equipment capacity, with an estimated productive potential of between 8,000 and 10,000 bopd achievable when this well is placed on production

Attempts were made to test deeper intervals but the formations were too badly damaged by the initial drilling operations

The Miran West-1 well has been suspended as a future producer

The Miran West-2 appraisal well is scheduled to commence drilling in the fourth quarter. This well is expected to intersect the same reservoir intervals as were encountered in the Miran West-1 well
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The second phase of testing the Miran West-1 discovery has been completed and the well is being suspended as a future producer. During this second phase of testing the well flowed at a maximum rate of 3,640 bopd from a single upper reservoir layer. The rate was restricted by surface equipment capacity and the data gathered from the test indicates that the well should produce at a rate of between 8,000 to 10,000 bopd when placed on production.

Initial Miran West-1 drilling operations were designed to cope with the potential for high reservoir pressures and this resulted in the loss of drilling fluid and lost circulation material in these highly permeable fractured reservoirs. Tests on two other deeper reservoir intervals in the well were unsuccessful because of damage and contamination sustained during drilling. Consequently, the remedial measures undertaken during re-testing operations were no more effective than during the initial testing phase.

The Miran West-1 tests did confirm both the high potential well productivity and the presence of an extensive fracture network.

The rig will now move approximately 4 km north east to commence drilling the Miran West-2 appraisal well in the fourth quarter. The knowledge and experience gained from the first well will allow the Miran West-2 well to be drilled to optimally production test all reservoir intervals."

Business Financial Newswire
"Heritage Oil will announce its interim results for the six months to June on Friday, August 28. "

i am out of these for the moment, but keep them firmly on my watchlist.
TLW, its sometime partner in crime, i continue to hold and in turn, it continues to perform almost amazingly.
have recently bought into PMO too

Nice increase again for this one...fantastic week overall, in fact I'm feeling so chuffed that I'm thinking of popping over to the Stanelco thread to see how Tweenie and likes are getting on over there !....or euhh perhaps that's not quite such a good idea....

i'm out of this one at the mo, as much as anything else because (thank goodness!) IG put a limit on the amount of margin deposit and that is now all used up ...... a fair amount of me would like to reduce holdings, but (almost) everything is performing so well, that there are no obvious things to sell