Heritage Oil


Heritage Oil

Infobox Company
company_name = Heritage Oil plc
company_
company_type = Public (lse|HOX) (TSX|HOC)
foundation = 1994
location = Jersey
key_people = Michael Hibberd, Chairman
Tony Buckingham, CEO
industry = Energy
products =
revenue = $3.8 million (2007)
operating_income = $(47.6) million (2007)
net_income = $(83.2) million (2007)
num_employees =
parent =
subsid =
homepage = [http://www.heritageoilltd.com www.heritageoilltd.com]
slogan =
footnotes =

Heritage Oil (lse|HOX) (TSX|HOC) is a leading Jersey-based oil and gas exploration and production business. Its activities are focused on Africa, the Middle East and Russia. It is a constituent of the FTSE 250 Index. It has a secondary listing on the Toronto Stock Exchange.

History

The Company was formed in 1992 to exploit oil reserves in Africa, the Middle East and Russia. It was first listed on the London Stock Exchange in 2008 and moved its head office from Calgary to Jersey also in 2008. [ [http://uk.reuters.com/article/oilRpt/idUKN2262279120080222 Heritage Oil to move its head office] ]

Operations

The Company is the operator and holds 50% interests in two licences in the Albert Basin of the Western Rift Valley of Uganda. Recent exploration activity has focused on the eastern shores of Lake Albert which straddles the border of Uganda and the Democratic Republic of Congo. The Company is also active in Kurdistan, Russia, Oman, Malta, Mali and Tanzania.

Ownership

Tony Buckingham still owns 33.2% of the company.

References

External links

* [http://www.heritageoilltd.com Official site]


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