Heritage Oil Plc proposed amendment to the articles of association to the AGM to be held on June 20, 2013.

Heritage Oil Plc announced interim management statement for the period from 1 January 2013 to 15 May 2013. For the period, the company reported total revenues of $236.2 million in the first quarter 2013 compared to $2.3 million, in first quarter 2012, of which $234.5 million was from the interest in Shoreline Natural Resources Limited, and $1.7 million was from the interest in the Zapadno Chumpasskoye Field. Production for the first quarter 2013, net to Heritage, averaged 7,373 bopd compared to 605 bopd, in first quarter 2012. The major temporary factors causing production to be lower than expected in the first quarter have been addressed with current gross production from OML 30 of 20,000 bopd and expected to be back over 35,000 bopd within a month. 2013 gross production from OML 30 is expected to average 35,000 bopd. Cash position of $184.1 million, as at 31 March 2013, excluding approximately $405 million related to the Ugandan tax dispute and $101 million used as part security in respect of OML 30 financing. Excess cash led to a debt repayment of $52.5 million in April 2013 to reduce the bridge facility from $550 million to $497.5 million. Refinancing of the bridge facility by way of a five year $550 million senior secured revolving reserve based facility is expected to be completed in June 2013. Expanded the exploration portfolio with the farm in to two licences in Papua New Guinea; Petroleum Prospecting Licence 319 and Petroleum Retention Licence 13. Acquisition of 2D seismic has begun across the Tuyuwopi structure in PPL 319. Processing has been completed of the reconnaissance seismic survey acquired across the Kyela Block, Tanzania, confirming structures previously indicated by the gravity data. Acquisition of the 2D seismic programme on the Rukwa Licence, Tanzania, has been completed and the data is being processed.

Heritage Oil Plc (LSE:HOIL) is looking for further acquisitions in Nigeria and also, elsewhere in Africa. Paul Atherton, Chief Financial Officer of Heritage Oil, said, “We are looking to expand the footprint in Nigeria without question. We are in discussions with parties. We've stated our intention is to be one of the leading indigenous oil companies (in Nigeria) so therefore we are looking at some very large transactions.” Shares of Heritage Oil dipped 2.5% in mid-morning on April 30, 2013.