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

When are these ever going to go up..?

sold the other day and have bought back in today, but they are more for trading than holding i think

I agree.

This is going to go through the roof if they confirm what they say in the last RNS...going by that I would think that you could have possibly more than 15000 barrels per day...anything like 20000 or even 30000 and we are talking about an increase in the sp of 100p in one morning !.

Up again at close...no stopping this at the moment !.

glad i am holding these at the mo, as well as TLW of the larger oilies.
shall almost certainly top up on monday

pay attention kate!!
sp has zipped through all all-time high on a horrid day in the markets.
nothing is ever certain with shares, but with the Kurdistan news following on from that in Uganda a few weeks ago, this is surely almost as bullish as one can get

good strong finish too

i have now caught up with all the announcements.
while the find in Kurdistan is probably very significant (more news within a month), there is the very major obstacle that the Baghdad gov't won't let the stuff be exported.
that said, it's almost good news that whatever the size of this find, it will be at least 3 years until it properly up and flowing, by which time, we can but hope that the loonies have acquired some brain cells.

only SELL notes usually make much difference, but certainly like this ....

Heritage Oil initiated at Panmure Gordon with buy rating, 500p price target

since breaking through the psychologically tough barrier of the (previous) all-time high, sp has chugged on upwards, partly thanks to above buy note, but also thanks to the recent RNS

Falklands oilies fans ..... eat your hearts out!
As have posted previously, stick to "real and proven" oilies rather than just ones with blue sky

Broker note from Panmure Gordon yesterday, obviously positive...

Heritage Oil Ltd

SUMMARY CHARTS DIRECTOR DEALINGS FORECASTS WIRES
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
28-04-09 BUY -51.00 -20.01 -38.71 -15.19

Tristone Capital
26-04-09 OUTP -0.19 -0.06

Oriel Securities
23-04-09 HOLD

Canaccord Adams
08-04-09 HOLD 15.58 -4.06

Evolution Securities Ltd
01-04-09 BUY -63.72 -23.93 -25.15 -9.42

Hanson Westhouse
16-12-08 BUY

2008 2009
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus -56.84 -10.52 -32.48 -6.65

1 Month Change 6.88 -10.33 -7.34 -6.59
3 Month Change 4.91 -10.33 -8.12 -6.59


GROWTH
2007 (A) 2008 (E) 2009 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)

EBITDA -40.12m -23.23m -30.43m

EBIT -41.06m m m

Dividend Yield % % %

Dividend Cover x x x

PER -20.25x -35.17x -55.64x

PEG f f f

Net Asset Value PS 377.54p p p

Yep !, the Kurdistan ones are doing fine except SEY mainly because drilling is 6 months away.

have a look at DGO ..... has been performing well for the last week or more

Any thoughts on this one after yesterday's results. I was hoping for some timeframes for the results from the well test but nothing. Any ideas how long these type of results may take ?

on HOIL? ..... i think it's a cracking company and am very happy to be holding, though i regularly traded in/out too

Cynic, thanks don't disagree, I will be holding long term with AFR

woohoo!!! ..... though note the inevitable and legitimate caveat at the end


UK oil explorer Heritage Oil said it had discovered up to 4.2 billion barrels of oil in the Kurdish autonomous region of Iraq and that production could begin as early as this year.

Heritage said in a statement on Wednesday that its Miran West field would be low cost and straightforward to bring on stream.

However, disputes between the Kurdish regional government and Baghdad over revenue sharing mean existing oil projects in Kurdistan are currently stalled because their oil cannot be exported to international markets.

Tremendous news....great discovery !.

hope you have some of these in your portfolio already!

Quite a few, been in for some time now.....question is where does the sp go from here ?, 2 to 4 billion barrels....crikey !.