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

Bought a few.....well spotted Goldfinger.......

Yep going nicely. way undervalued.

Heritage are in final list of 5 approved bidders for part of Shell Nigeria acreage.


http://www.independentngonline.com/DailyIndependent/Article.aspx?id=30050

Shell has narrowed the preferred bidders for its prized parcel to five from 18 companies. The five include Nigerias Oando, backed by Anglo-French company, Perenco and Chinese-owned Addax Petroleum, and Shoreline Energy International, backed by U.K.-based Heritage Oil, according to the person familiar with the matter

thanks sticky .... bought back in this morning on basis of your nudge - sp now on a (bacon!) roll

IMO, there is a big buy order that needs to be filled and hence the SP move up north today. HOIL was over sold..

Rumours (unsubstantiated) of a bid approach (maybe by OMV).

Lifted from across road.......

Brokers behind HOIL

Heritage Oil PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
22-02-11 BUY -27.23 -0.11 -12.30 -0.05
Evolution Securities Ltd
18-02-11 BUY 631.36 6.87 -22.48 7.82
Canaccord Genuity Ltd
31-01-11 HOLD -6.31 -5.05
Fox Davies Capital
23-12-10 BUY
Nomura Research Institute
28-08-09 NEUT
Westhouse Securities
16-12-08 BUY

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 248.37 -0.44 -16.56 0.29
1 Month Change 5.35 -0.39 -0.08 -0.35
3 Month Change -44.36 -3.72 0.77 -3.49


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA -11.08m -16.37m 4.20m
EBIT -12.14m m m
Dividend Yield % % %
Dividend Cover x x x
PER -52.53x -622.45x 949.83x
PEG f f f
Net Asset Value PS 57.66p p p

Moving up nicely again, lets hope it can keep going today.

Moving up again nicely. Inspired BUY this from My system.

http://www.ft.com/cms/s/0/57231066-4a1f-11e0-b802-00144feab49a.html#ixzz1GB1UObyV

Continued hopes that Heritage Oil may be a takeover target lifted its shares by 8.1 per cent to 305p.

Investors were sceptical of the bid talk but said Heritage may be keen to sell its gas field in Kurdistan and also noted that the resolution of a tax dispute in Uganda may be worth about 50p per share.

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The one stock thats worth buying at the moment. Well FCCN aswel.

HOILs going off on a run, dont miss it.

what a rollercoaster up/ down, UP as i type.

Yep sold mine forst thing........ too early. Never mind you never look back in this business, I can always buy them again.

break out the champagne! ...... bought back in this morning and it's now in profit by enough go buy that single bottle of pop!

The assumption was that a number of investors were having to sell their stakes in HOIL to cover margin calls elsewhere, so the drop is possibly overdone.

forced sales will be across the board, but given that HOIL has bucketsful(???) of proven gas and suddenly nuclear power is the black sheep (don't you love mixed metaphors), it becomes much more desirable

Went in myself first thing this morning, doing very well.

Hope you had protection on:))

Sprang out the traps, whats going on here then ?????

Reports today that they have turned down a written offer of over 400p.