Anyone got views about Heritage Petroleum? They have risen from 6.5p to 16p of Ofex during the week and have licences for ex-Enron gas fields in France and Italy. Final result 2004/5 posted on Ofex website Thursday.

theres a thread with a lot of info in the traders room if you have access

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Heritage Petroleum plc - Drilling Report


SIGNIFICANT GASSY COAL SEAMS INTERSECTED
FOLSCHVILLER ST1 WELL
LORRAINE, FRANCE

HIGHLIGHTS

* "Veine 8" seam thickness 3.45 metres from 767.6 metres depth
* "Veine 9" seam thickness 13.46 metres from 803.4 metres depth
* Strong gas readings recorded in inter seam sediments over the entire 106
metre interval to the current depth of 882 metres
* Strong to very strong gas readings recorded in coal, the principle target
* At least three additional coal packets including two major seams expected
to be intersected
* Coring ahead to Total Depth of 1300 metres

PROGRESS

The Directors of Heritage Petroleum PLC are pleased to announce an update to
the drilling activities for the Folschviller St1 well at the company's 25%
owned Lorraine Project in eastern France (a joint venture with Australian
listed European Gas Limited).

Coring operations in the Westphalian coal measures began at the Folschviller
St1 well on 7 September 2006. Coring was commenced from 743 metres subsurface
and as at 1600 (CEST*) 11 September the well was drilling ahead at 882 metres.

Drilling to date has returned the following coal intercepts:

--------------------------------------------------------------
|SEAM |DEPTH FROM|NET COAL INTERCEPT|GROSS INTERVAL OF COAL|
| | (METRES) | (METRES) | (METRES) |
--------------------------------------------------------------
|Veine 8| 767.62 | 3.45 | 10.98 |
--------------------------------------------------------------
|Veine 9| 803.43 | 13.46 | 13.91 |
--------------------------------------------------------------

Mud log gas readings were established at 776 metres and have continued to
current depth. Strong total gas readings have been recorded over the entire
interval from 776 metres to 882 metres which mostly comprises inter seam
sediments. Within Veine 9, strong to very strong gas readings were recorded.
Laboratory tests on the coal and sediments are in progress and gas content data
is expected shortly.

The company is particularly encouraged by the positive preliminary data
emerging from the drilling operations. The presence of thick to very thick
gassy coal seams is confirmed as is the presence of gas within the inter and
intra seam sediments. Veines 8 and 9 constitute a younger coal packet which
occurs at a stratigraphically higher level to the three major packets
originally expected in this well. The Veine 8/9 packet is much better developed
than originally anticipated and is evidently a target for development.
Projected Total Depth ("TD") for the Folschviller St1 well is 1300 metres and
from ongoing analysis the company expects to encounter at least three more
gassy coal packets including two major coal seams in the remainder of the well.
* Central European Summer Time

PROGRAM

The Folschviller St1 well is being drilled at a site 850 metres east of the
town of Folschviller. The Westphalian D coal bearing sequence was expected to
be encountered at approximately 700 metres where HQ core will be cut through to
TD.

The principal target is Coal Bed Methane ("CBM") within the Westphalian D and C
sequences.

Upon completion of the Folschviller St1 well the rig will then be used to drill
the second well at Diebling in the Alsting block. The two well drilling program
will take approximately twelve weeks to complete.

For each well the core will be analysed for:

* Gas content for the coal seams;

* Inter seam sediments gas contents;

* Porosity and permeability;

* Fracture and cleating; and

* Fluid sensitivity in respect of the coals and the intercalated
sediments.

Drilling is being carried out by Cofor of Maisse, France using a trailer
mounted Wirth B3/B5 drilling rig under a turnkey contract. Wireline logging is
being carried out by Deutsche Montan Technologie of Essen, Germany while mud
logging services is being provided by Geo-RS of Parigny, France.

The program is in preparation for the development of the large Gas in Place
Resource which to date totals 28.1 billion cubic metres ("Bcm") (991.2 billion
cubic feet ("Bcf")) within approximately 7% of the Company's permit and
application areas.

The directors of the issuer accept responsibility for this announcement.