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

Steady steep rise here....not sure why when you look at GKP or GENL...

Still going up....good...wish GKP would as well...

I need another couple of quid yet so keep going, held these for around three years..... oh dear.,.

But this one has....divi talk...increased production...

Markets pushing this one up like a wave in "The perfect storm" !...

On the up at last:

HERITAGE OIL ANNOUNCES RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013



Heritage Oil Plc (LSE: HOIL), an independent upstream exploration and production company, announces its results for the twelve months ended 31 December 2013. All figures are in US dollars unless otherwise stated.



2013 Operational Highlights

· Production from OML 30, Nigeria, increased during the year and record gross production since acquisition, of over 50,000 bopd has been achieved

· Maintenance work over OML 30 is progressing as planned

· 2013 average production from the interest in OML 30, Nigeria, net to Heritage of 8,919 bopd and net production from Russia of 577 bopd

· Continued the work programme in Tanzania through processing of 2D seismic data on Rukwa which has identified several prospects in the retained Rukwa South licence area. A geochemical survey of the Kyela licence has been completed and interpretation of the data is proceeding to schedule

· Expanded the exploration portfolio with the farm-in to four licences in Papua New Guinea ("PNG"); Petroleum Prospecting Licence 319 ("PPL 319"), Petroleum Retention Licence 13 ("PRL 13"), Petroleum Prospecting Licence 337 ("PPL 337") and Petroleum Prospecting Licence 437 ("PPL 437")

· Work programmes in PNG commenced with the acquisition and processing of seismic and evaluation of legacy datasets



2013 Financial Highlights1

· Total revenues, net to Heritage, for 2013 of $431.9 million

· Profit after tax from continuing operations of $100.4 million, an increase of 104% year-on-year

· Operating cash flows of $235.3 million in 2013 compared to cash outflows of $207.5 million in 2012

· Successfully completed the refinancing of the bridge loan facility with a five year $550 million Senior Secured Revolving Reserves Based Lending Facility drawn by Shoreline Natural Resources Limited ("Shoreline") in Nigeria

· Heritage cash at 31 December 2013 of $183.8 million



Outlook

· Continued investment in OML 30 during 2014, including the installation of gas lift compressors, refurbishment of equipment, statutory inspection and testing of all pressure vessels and inspection of all wellheads and pipelines continue to support well optimisation, which will result in further increases in production

· Development drilling on OML 30 remains on track for commencing in the second half of 2014

· As a result of an enforced shut-in at OML 30 during the first quarter of this year, total production, net to Heritage, for 2014 is estimated in the range of 14,500-18,000 bopd

· 2014 expected year end exit gross production rate from OML 30 between 65,000 and 70,000 bopd

· Exploration activity is set to increase with multi-well drilling campaigns planned for PNG and Tanzania

· Continue to look for further opportunities to create value

· Intention to become a long-term sustainable dividend payer commencing within the next 12 months

Rumours of a bid from Qatar circulating.

Rumours seem right Harry:

Heritage Oil PLC (Heritage) has announced the terms of a recommended acquisition by Energy Investments Global Ltd (Bidco, a wholly owned subsidiary of Al Mirqab Capital SPC) for the entire issued and to be issued share capital of Heritage by way of a Scheme of Arrangement (Scheme) on the following basis:

GBP3.20 in cash for each Heritage Ordinary share held.


Important Information & Other Key Dates:
On 30th April 2014, the Board of Directors of Heritage and Bidco announced that they had reached agreement on the terms of a recommended acquisition of Heritage by Bidco to be effected via a Scheme of Arrangement under Article 125 of the Jersey Companies Law, although Al Mirqab reserves the right to proceed by way of a Takeover Offer , should it wish to do so and with Panel consent.

The Offer values the issued and to be issued Ordinary share capital of Heritage at approximately GBP924 million and represents a premium of approximately 25.2 percent to the Closing Price of GBP2.556 per Heritage Ordinary share on 29th April 2014, this being the last Business Day prior to the announcement of the Scheme.

The Board of Heritage, having been so advised by J.P. Morgan Cazenove consider the terms of the Acquisition to be fair and reasonable.

The Scheme is subject to shareholder approval at an Extraordinary General Meeting and Court approval at a Court Meeting both to be held on 23rd June 2014. The Scheme will then be subject to Court sanctioning at a Court Hearing to be held on 27th June 2014.

Subject to acquiring the necessary approval, the Scheme is expected to become effective on 30th June 2014.

Prior to the Scheme becoming effective, an application will be made to the London Stock Exchange (LSE) for the cancellation of listing of the Heritage shares on the London Stock Exchange. Subsequently, the cancellation of admission to trading is expected to become effective on 30th June 2014, with the last day in dealings expected to be 26th June 2014.

The Scheme Proceeds are expected to be credited to your account on or after 14th July 2014. Should you retain your holding of Heritage shares, we will notify you when the cash has been credited to your account.

Should you wish to find more information about the Scheme, please visit the Heritage website, http://www.heritageoilplc.com/the-offer/documents.aspx#.

Yep, sadly I posted the rumour and then forgot all about it, so missed out on my own advice!!!
Presumably you managed to squeeze a little profit out of the t/o Bb? I know your original buy in price was quite high.

Hasn't happened yet harry, end of month and no it won't cover the £4 I'm in at.,.

TEMPORARY SUSPENSION
Heritage Oil PLC

The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 27/06/2014 7:30 AM at the request of the company pending an announcement:

Ordinary Shares of No Par Value fully paid.