December 28, 2014 4:21 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Heritage Oil Plc

Company Overview

Heritage Oil Plc explores, develops, and produces petroleum and natural gas in Africa, the Middle East, and Russia. It has producing assets in Nigeria and Russia; and exploration assets in Papua New Guinea, Tanzania, Malta, Libya, and Pakistan. The company was founded in 1992 and is headquartered in St Helier, the Channel Islands.

Windward House

Fourth Floor

La Route de la Liberation

St Helier,  JE2 3BQ

Channel Islands

Founded in 1992

143 Employees

Phone:

44 15 3483 5400

Fax:

44 15 3483 5412

Key Executives for Heritage Oil Plc

Chief Financial Officer
Age: 48
Vice President of Exploration
Age: 61
Drilling Manager
Age: 63
Compensation as of Fiscal Year 2014.

Heritage Oil Plc Key Developments

Tullow Receives Judgment in its Favor in the Proceedings Against Heritage Oil and Gas Ltd and Heritage Oil plc

Tullow Oil plc announced that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favor in the proceedings against Heritage Oil and Gas Ltd. and Heritage Oil Plc (together Heritage) in the court of appeal in London (Case No: 2013/2175). In June 2013, Tullow succeeded in the High Court in London with its indemnity claims against Heritage with regard to Capital Gains Tax payments that Tullow had made on Heritage's behalf to the Uganda Revenue Authority. In August 2013, Tullow received $345.8 million from Heritage in satisfaction of this High Court judgment. In September 2013, Heritage was granted permission by the Court of Appeal to appeal certain aspects of the High Court judgment and the appeal was heard in May 2014. In its judgment, the Court of Appeal ruled in Tullow's favor on all but one of the points appealed by Heritage. This point relates to part of one of Tullow's indemnity claims and will require Tullow to repay to Heritage approximately $2.5 million plus some interest. In all other respects the Court of Appeal has upheld the High Court's judgment.

Heritage Oil Plc(LSE:HOIL) dropped from FTSE 250 (Ex Investment Companies) Index (GBP)

Heritage Oil Plc(LSE:HOIL) dropped from FTSE 250 (Ex Investment Companies) Index (GBP)

Heritage Oil Plc(LSE:HOIL) dropped from FTSE 250 Index

Heritage Oil Plc(LSE:HOIL) dropped from FTSE 250 Index

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 20, 2014
--
Merger/Acquisition
May 13, 2014
--
Merger/Acquisition
April 30, 2014
--
 

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