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

Off to a bad start but Im confident this one will come good. I saw a excelent article on twitter if I can find it Ill post it. cheers.

Does have a major gas discovery under its belt......in at a loss but I shall be patient....

Waiting for a pal to get back to me on that earlier article I mentioned on twitter. Hope hes till got it. Think it was from Money Week.

HOIL

Broker upgrade just out......

23 Apr Heritage Oil Ltd HOIL UBS Buy 140.70 190.00 - Upgrades


190p new SP target.

HOIL HERITAGE OIL

More on the Broker upgrade yesterday....

UBS has upgraded its rating for oil and gas group Heritage Oil from neutral to buy following the recent weakness in the shares.

The Swiss broker notes that since February, the stock has de-rated and the shares are now down 22% year-to-date in US$ terms, having underperformed other exploration and production companies (E&Ps) by 45%.

"We see this as unjustified and given unchanged underlying fundamentals we upgrade to buy," UBS said

New Broker Buy note out late
yesterday from GMP Securities.....

Heritage Oil PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

GMP Securities [R]
23-04-12 BUY -8.21 -8.21

HOIL Heritage Oil

Could do with some more volume here
but technicals gradually turning positive...

I think you might find Page (26) interesting chaps...

http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v4_generic

Goldfinger, thanks for the link and an interesting read, very tempted now though to increase my futures in the stock. 165 was mentioned as the trigger and I average 180 something currently...... Lets see if it starts to tick up over the next few days before jumping in.

Indeed indeed shortie. Fingers crossed.

Better still double click on this one for bigger
fonts. Click on IE header bar, VIEW then ZOOM then 150% to get bigger text.

From Money Week, 2 weeks ago.

http://d3j5vwomefv46c.cloudfront.net/photos/full/565126151.jpg?key=640525&Expires=1335579312&Key-Pair-Id=APKAIYVGSUJFNRFZBBTA&Signature=D6btzR3BKUK7lXmnODrbVWZU407Uaxg6Jfjt86FfbdDCjjUIhvYLg1eVT99tfkscYC7q7hMENFAzdOZ~0YYIoFCWO1zUUE~k0tBVBWfKOO4Bi-I13Fz6obq~thwKyD07J1FX7TmI-OG0HqCiODcA29czWwfCdKRRm~FHHNiNBDg_

We have joined your happy band, hope they play a good tune.

ohhhh so do I.

Interim Management Statement.


Highlights

· The Miran West-3 well was drilled to a total depth of 3,528 metres and the primary target of the Jurassic gas reservoir was successfully tested. The well is being suspended pending completion as a production well

· Well testing of the main Jurassic reservoir resulted in a constrained flow of up to 22 MMscf/d of wet gas with a yield of 20 bbl/MMscf of 55˚ API condensate

· It is estimated that this well will be capable of delivering 50 MMscf/d of wet gas and 1,000 bbl/d condensate when put into production

· The Miran East-1 well is currently at a depth of 2,020 metres. Oil shows encountered whilst drilling in the Upper Cretaceous are consistent with wireline log interpretation indicating the presence of hydrocarbons and pressure data indicates that the East and West structures are in communication

· Operations on Miran East-1 well are on schedule and drilling is expected to take a further five months

· The full processed 3D seismic, across the Miran Block, is now available and initial interpretation of the data has been completed

· Tanzania work programme commenced in the recently awarded Kyela and Rukwa licences with the acquisition of a high resolution gravity survey, following which a seismic programme is planned

· Production for the first quarter 2012 averaged 605 bopd, an increase of 40% on the same period in the prior year

· Cash position of approximately US$154 million, excluding amounts related to the Ugandan tax dispute, as at 31 March 2012

Bought at 187 on a June future and now 115, all looks promising but wheres the support?? Maybe when production increases we'll see it, question now is do I bother rolling my June future through to September?

a great deal rests with the outcome of their multi million dollar Ugandan court case.

read back page of today's ST biz section

I think the CEO, authorised the purchase pof a larger jet plane which I understand cost about $43ms. I should have thought they could have spent shareholder money better than that. Things like this do not help share prices. Plus a lot of uncertainty with court cases - think Re Tullow Oil and Uganda. = All may come right, but I prefer to invest elsewhere thank you
Not a loved share at present I think

I think the CEO, authorised the purchase of a larger jet plane which I understand cost about $43ms. I should have thought they could have spent shareholder money better than that. Things like this do not help share prices. Plus a lot of uncertainty with court cases - think Re Tullow Oil and Uganda. = All may come right, but I prefer to invest elsewhere thank you
Not a loved share at present I think

Heritage Oil - Unloved, forgotten and materially undervalued


http://www.oilvoice.com/n/Heritage_Oil_Unloved_forgotten_and_materially_undervalued/f8d93a853bad.aspx