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IMPLIED MARGIN OF SAFETY (beta)
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Book Value ps $ +37.9%

FINANCIAL BRIEF: For the fiscal year ended 31 December 2012, Heritage Oil PLC revenues decreased 2% to $8.8M. Net loss before extraordinary items increased from $63M to $182.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Mali segment loss totaling $18.4M vs. income of $0K, Tanzania segment loss increase of 32% to $16M. more »

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BROKER FORECASTS
31st Dec 2013
31st Dec 2014

Price Target: $4.06 (+81.31% above Price) Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a ($) ($) ($) ($) ($) ($)
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12 brokers BROKER CONSENSUS & FORECAST TREND
Broker Recommendations for Heritage Oil
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 0 6 3 3

Named Brokers and Analysts
Credit Suisse , Investec Bank (UK) Plc Brian Gallagher , Canaccord Genuity Charlie Sharp , GMP Securities Ltd. Tao Ly , FirstEnergy Capital Corp. Kingsley Jibunoh , Nomura Securities , Arbuthnot Securities (Hist) , Panmure Gordon , N+1 Brewin , Macquarie Research David Farrell , Evolution Securities (Hist) , N+1 Singer , Fox-Davies Capital , Matrix Corporate Capital LLP ,

Heritage Oil Plc is an independent international oil and gas exploration, development and production company in Africa, the Middle East, Russia and South Asia. The Company has a producing property in Russia, exploration projects in the Kurdistan Region of Iraq, the Democratic Republic of Congo, Malta, Pakistan, Tanzania and Mali and an investment in Libya. Some of the Company’s subsidiaries include Heritage Oil Corporation, Heritage Oil & Gas Limited, Heritage Oil and Gas (U) Limited, Heritage Energy Middle East Limited, Heritage DRC Limited, Coatbridge Estates Limited, ChumpassNefteDobycha, Heritage Mali Block 7 Limited, Heritage Mali Block 11 Limited, Begal Air Limited, Heritage Oil & Gas Holdings Limited and Eagle Drill Limited. The disposal of its interests in Blocks 1 and 3A in the Ugandan Assets to Tullow Uganda Limited was completed in July 2010. The acquisition of 300 square kilometers of three dimensional seismic offshore Tanzania was completed in January 2011.

Directors: Anthony Buckingham (CEO) 60, Paul Atherton (CFO) 47, Brian Smith (VP) 60,

No. of Employees: 140 No. of Shareholders: n/a


Last Annual December 31st, 2012
Last Interim December 31st, 2012
Shares in Issue 257,956,996
Free Float 169.0m (65.5%)
Sector Energy
Industry Oil & Gas
Index FTSE 350 Act , FTSE Lower Yield , FTSE 250 Mid , FT350 Oil&gas Pd ,
Exchange London Stock Exchange (Full)
Eligible for an ISA? a SIPP?

HOIL SHARE PRICE PERFORMANCE HOIL QUOTE
HOIL Share Price GBp
147.8p
Day's Change
5.7  4.0%
Traded 4:38pm · Minimum 15 min delayed


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