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

doubt it infrastructure cost too high for now

at this price its looks vunerable as a take over target as it did afew weeks ago when price was 2.85

rumour mill says there might be some news this weekend

I don't know anything about this company myself but the share graph indicates another exploration company which is not living up to its shareholders hopes and dreams .
Investment in such shares is not for the faint-hearted.

good news sp should rise steadly over thee coming weeks

HOIL has halved its sp since the beginning of this year.

currently buying back 10% of shares in issue at a cost of $100m, they have bought around 15m shares with around 10m to go yet their sp continues to fall, is this an exercise in wasting shareholders cash?

Nice rise from today and long overdue.

is the share buyback beginning to help their sp?

I doubt it...Griffin mining have been doing the same for ages and it has not made a bit of difference....market probably thinks the company has prospects which it has...

maybe there is some news relating to the settlement of the outstanding monies that Heritage us being owed. That would be very good news.

nice rise in sp, RNS coming?

RNS interesting move into Libya.

Now, .....in better times this would have soared.....just shows....good move I'd say.....another red of mine but I will stay put......

http://www.investegate.co.uk/Article.aspx?id=201110050700225675P

http://www.investegate.co.uk/Article.aspx?id=201111010700302100R

Back to 2008 prices

Don't I B****y know it!! hey ho.,.

lol Balerboy.

StockMarketWire.com
Heritage Oil will appeal against a ruling by the Uganda Tax Appeals Tribunal in the wrangle over the assessments on the companys wholly-owned subsidiary Heritage Oil & Gas Ltd.

Heritage says the ruling from the tribunal is part of the domestic process and is not final and determinative.

HOGL has challenged the assessments on the disposal of its entire interests in Blocks 1 and 3A to Tullow Uganda in July 2010.

HOGL has at all times disputed the jurisdiction of the Ugandan courts and tribunals, in view of the existence of valid and binding arbitration provisions in its production sharing agreements with the Uganda government. Heritage and HOGL remain of the view that no tax was due or owing on the sale.

Chief financial officer Paul Atherton said: "Given the publicity this case has generated in Uganda, it was always going to be difficult for the tribunal to rule against government but we believe firmly in our position that no tax was due in Uganda as a result of the sale of Blocks 1 and 3A.

"We instigated arbitration in London as provided for in the PSAs as we consider this to be the appropriate avenue and that process is ongoing.

"We will also continue to vigorously pursue all legal forums open to us against this fundamentally flawed ruling."