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

Yes the patient should be well rewarded--I'm in this thanks to driver.

Down again...more gloom and doom....along with the rest of the market, some of the valuations are just crazy.....GFM, HAWK, just to mention a few...terrible market !.

partner with TLW in the massive Ghana/Uganda find ...... TLW has dumped of late due to the well-found rumour that they needed some more capital to develop further .... this has been raised with ease at 600 and TLW is recovering nicely ..... HOIL has suffered in the backwash, but must surely be good value on fundamentals with the added possibility of being a t/o target

have just topped up at 187.5

12% drop today. why does it always do that after i have bought some. :

snap and have no idea .... certainly no news and perhaps, judging by the volume, a fund liquidating its position under pressure

Cash position not as bullish as some would make out.

Company has net debt so therefore the case for a takover isnt as compeling as some would have you believe.

I was short down to 187p but closed out now.

Some over the road talking of a fund raising.

TLW to do a Hardman on Heritage (takeover).....at some point !, it's possible.

as i hold both and TLW and/or HOIL is quite likely to be taken over in turn, these could be exciting stocks to have in the portfolio over the coming months

worth reading the last couple of announcements re Kingfisher2 in Uganda and also looking at the chart below ..... a certain sour-puss on this BB maintains that HOIL is o'valued, and who is to say she is not right ..... however, the market does not seem to think so, and remember this is not just some mini-minnow with blue sky

latest RNS .....

Independent upstream exploration and production company Heritage Oil has revealed that output of oil and associated gas production has started from Oman's West Bukha field.
The field in Block 8 is located in the Strait of Hormuz and Heritage has a 10% working interest.
It said initial gross flow rates of approximately 15,000 barrels of oil equivalent per day, comprising 10,000 barrels of 42 degree API oil and 30 million cubic feet per day of associated gas
It says West Bukha field has additional untapped potential and provides a significant increase in current production levels for Heritage


i wonder if "raddled queen" aka "kate barnes" would care to make another of her useful contributions ...... doubtful i would guess!

good news - HOIL in partnership with TLW in the big Ugandan find/field
bad news - HOIL will need to raise lotsa dosh to participate properly
good news - arguably HOIL is therefore a good t/o target

Nah dont like this one and had a winning short on this back in december.

Smirkey Burns is pushing it on his website and reckon thats the biggest reason its got such a premium.

You put your finger on it when you mentioned CASH and FUNDING.

Some peeps think its cash rich but it isnt, its got net debt.

Glad you said arguably cyners re- to TO.

In fact if you look at the chart, that big V down coincided as to when I last shorted it and then took profits.....

straight up.

gave the argument for/against in a nutshell i thought ..... would rather have HOIL than RKH for sure! ...... EO. is surely a better bet than RKH too.

DGO is more interesting than i thought too, as much as anything because Dubai gov't has a 52% stake via ENOC

Yep but be carefull cyners Smirkey when he closes out will take all his lemmings with him and leave the SP floundering for a while.

made a useful profit here a month or two back, but do not currently hold .... it's on my watchlist because of TLW as much as anything

bought back in a few days ago and topped up yesterday ...... lucky chappy!


'This is an exciting time for Heritage as we make preparations to test the high impact Miran West-1 exploration well. The excellent oil shows over such a large interval of 1.1 kilometres highlights the multi-billion barrel oil potential of the prospects on the Miran licence, given the extensive area of the two Miran structures. We believe that Miran, like our unprecedented success in Uganda, has the potential to transform Heritage and deliver excellent value for our shareholders.'

there may just possibly be a predator circling, but don't bank on it .... on the other hand, you may want to bank some profits (i have) as sp is very close to the all-time high and that nearly always proves a significant hurdle

cynic get some GKP, husband's brother (works for a small cap fund) is waxing absolute lyrical about them, presenting to the city next week and a forced seller has driven the stock down of late. He's talking them being worth at least 50p ( currently 10p ) and massive director buying. Drilling adjacent to where HOIL struck last week as well.

Thanks Kate--I hold a few of these and have read very positive comments on the other side. I think I'll add if I can before they do their presentation next week after your post!