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

It's like climbing the Sears tower (Chicago) on the outside !.

not often that i call it this correctly ...... if i did, i wouldn't be on this board ...... who said, "Wish you bloody weren't!"?

Not me, if this is anything like Cairn : we are in the foothills at the moment !.

whereas i bought the last 2k (i now hold 5k) really as a trading position, i shall almost certainly hold, if not indefinitely then at least for a good while.

it also occurs to me that HOIL are not that flush with cash and also hold a 50%(?) share in TLW's Uganda field (Kingfisher? - or is it Jubilee) ...... gues what; that must surely make them a prime t/o target

whereas i bought the last 2k (i now hold 5k) really as a trading position, i shall almost certainly hold, if not indefinitely then at least for a good while.

it also occurs to me that HOIL are not that flush with cash and also hold a 50%(?) share in TLW's Uganda field (Kingfisher? - or is it Jubilee) ...... guess what; that must surely make them a prime t/o target

Going nicely cyners going nicely.

There is still buying, no stopping this, in the short term could go above 600p !.

Right ! own up ! who put the one share trade through ? taking a risk that...I don't know about that but I would have have put a half share trade through..less risky !.

This is also being aided by the rise in crude...nearly $58 and rising (US crude), $60 in sight soon.

Brokers by and large very positive and in the midst of re- rating the stock upwards....

Heritage Oil Ltd

FORECASTS
2009 2010

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

Evolution Securities Ltd [R]
06-05-09 BUY -49.23 -18.16

Canaccord Adams
06-05-09 SPB -7.29

Panmure Gordon [R]
06-05-09 BUY -38.71 -15.19 -32.37 -12.70

Oriel Securities
05-05-09 HOLD

Tristone Capital
04-05-09 OUTP -0.07 -0.05

Hanson Westhouse
16-12-08 BUY

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 0.00 -3.70 0.00 0.00 -0.05 0.00

1 Month Change 25.15 0.37 0.00 0.00 0.00
3 Month Change 24.37 -3.64 0.00 -0.06


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS % % %
DPS % % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA -22.60m m m

EBIT -24.21m m m

Dividend Yield % % %

Dividend Cover x x x

PER -50.52x -135.14x -10,000.00x

PEG f f f

Net Asset Value PS -12.77p p p

God !, this is a fast mover in both directions....job to guess which way this is going.

I think we just had a market shake coupled with ftse pullback...now the profit takers will pile back in again (I hope) !, would have done the same thing myself....did not see that coming !.

helped myself to a few more on the pull back this morning RF.

Way too cheap.

Today's FT


"Heritage Oil gained 2.4 per cent to 512p following this week's oil find in Iraq, which has reheated speculation that Heritage could be a target for a Chinese resources group."

Topped up myself as well......probably now will just tuck them away and monitor them for some time now....must good for more than 600 to 650p this one perhaps even more in a few months time.

They were talking of 10 plus in all the papers wednesday RF.

You might be a little conservative their.

Fingers crossed anyway.

"Announcement Dr Ashti Hawrami
Minister for Natural Resources
Kurdistan Regional Government

8 May 2009

On behalf of the Kurdistan Regional Government (KRG), the KRG Ministry of Natural Resources announces that crude oil exports shall commence officially on 1 June 2009 from the Tawke Field, at an initial rate of around 60,000 barrels per day. This follows the completion of all the metering instrumentation and the tie-in of the field pipeline with the Iraq-Turkey main export pipeline at the border town of Fishkhabur."


http://www.krg.org/articles/detail.asp?rnr=223&lngnr=12&smap=02010100&anr=29333

Should stimulate a bit of interest in Kurdistan Oilers.

Just bought a few to see how it goes over the next 6 months or so. should be interesting !

Here's something to cheer cynic up...

Outstanding successes for Heritage Oil
Business Financial Newswire
Oil explorer and producer Heritage has performed exceptionally since the start of the year with outstanding successes in Uganda and the Kurdistan region of Iraq.

It said it had a 100% drilling success rate with substantial oil volumes discovered in the Albert Basin, Uganda, sufficient to exceed the commercial threshold for development.

It also discovered the world-class Buffalo-Giraffe field in Block 1, Uganda and the Miran field in the Kurdistan region of Iraq.

Chief executive Tony Buckingham said: "Our success reflects both our technical and managerial expertise in selecting high impact exploration opportunities, which can enhance the company, and our demonstrated first mover advantage.

"The remainder of 2009 should continue to be very exciting with drilling programmes scheduled in both these core areas which have further potential to generate excellent value for Heritage shareholders."

Money in the bank. :))

there are some very strange things happening here today ...... sp is all over the shop and has been as high as about 590.

there have certainly been rumours of a t/o floating around for some time, but current volumes show nothing dramatic and there is no announcement anywhere ..... however, if there is a large order only partially filled, it will not show.