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

In that case, why not sell just before the divi date on the high & buy back in when it drops (to your 3.50 target)?

It will drop back but by how much....and perhaps within just a couple of weeks will climb back to this level again as a lot of activity seems to be going on in Kurdistan..(GKP and SEY).....so I'll bank my dividend (thank you) and stay put for more good news from Heritage....

Ex special divi today. Currently down 89p, up from the day low.

been a downward trend for a long time, any thoughts on how the SP will react to the results tomorrow ?

back up to four quid please.,.

Tullow Oil dropped in line with HOIL the other day
Think because of ongoing uncertainty about Uganda capital gains tax liability.
Oil price is now about $72 from about $80 probably because of USA uncertainties.
Interim results out tommorrow may provide information about CGT liability,
HOIL say funds have been set aside for this $405M if they have to pay it.
Tomorrow we shall porobably find out how much cash they have ?

HOIL presently capitalised at 892m ( 287.87M shares X 3.10 ).
They do not seem to have a lot going on elsewhere other than
Kurdistan and small action in Russia.
Still no Government in Bagdad remember.

My guess is the whole market will drop back further and their may be
better times ahead to buy everything.
There are presently some good yeilds about,
( EMG about 14%, which should be a good recovery share when market sentiment improves, CHU 8% should recover after heavy insurance losses, AV. 7% wide insurance coverage, you may eventually buy this below 250p on a bad day )
if one is prepared to take a gamble for the next 12 / 24 months prehaps ?

Having written the above I have no idea what the hell will happen tomorrow
Why am I writing - just always been interested in HOIL

Should have said AV. below 350p not 250p as above
Any comments ?

thanks for the comments, it wouldn't surprise me if it continued down but this share has so many brokers giving it a buy rating of 5+

Can't see anything good in the results at all.

Very poor

would they want to hook up with SEY or GKP for some short term reserve buying....perhaps r.f. might shed somelight on that......or is it gonna be sometime until they get a drill/exploration contract......interesting speculation of course

Must be an update coming soon on the well and it might be good....people have forgotten about this one...dividend out of the way and some progress must have been made.

Starting to shoot up.....positive testing coming ?.....hope so....if there is a place in the world that has oil : it's Iraq......

It was the special divi which knocked this back (from the Uganda disposal).

Looks like a great graph to me....has this bottomed out ?.....time to jump in...I would say....

Should have Miran 2 news later this month.

maybe, but sp could just be following general market sentiment ....

Fkying...broker upgrade....

I reckon that this is going back to 400p....and there should be good results from the well shortly.....

StockMarketWire.com
"Heritage Oil is UBS's top pick in the European E&P space. Analyst Melanie Savage initiates coverage with a buy rating and 430p target price.

She says the company has high-impact exploration projects in Iraqi Kurdistan and Malta, as well as ongoing leads and prospects in Pakistan, Tanzania and Mali.

It currently produces around 600b/d of oil in Russia and reported 2009 2P reserves of 60Mboe. Around 40% of group NAV is from Iraqi Kurdistan.

'Heritage provides exposure to relatively low-risk high-impact exploration upside in Iraqi Kurdistan and Malta in the near term; we see 92% unrisked upside over the coming year.

'At 79%, Heritage's historical exploration and appraisal success rate is high relative to peers. Additional NAV upside would be provided by a positive resolution of a tax dispute in Uganda and a licence legality dispute in Iraqi Kurdistan.

'Heritage gains access to low geological risk exploration by operating in areas of relatively high political risk. The company seeks to enter countries where it believes it can manage specific country risks.

'We believe Heritage is unlikely to lose its Miran licence in Iraq, in contrast to the market-implied 80% chance of loss.'

JPM lowers price target!