ken hanly wrote:
http://www.tacticalreport.com/Articles/Newswires/25092006.htm
.
That's OK, these companies will be glad to hire the private armies
needed to protect their investments and cronies when the U.S. (are we
alone yet, or is there still a coalition?) leaves.
Australia's Oil Imperium:
[Keeps those Mile-a-Gallon truck-trains running to supply the Australian
colonial outposts.]
http://www.woodside.com.au/Home.htm
[Their locational map is quite informative]
Turkey:
[Dealing for Kurd oil while killing them along the border]
http://www.petoil.com.tr/
Norway:
[The North Sea has become a wet hole with a bunch of dry ones beneath
the surface]
http://www.dno.no/
Canadian Oil Imperialists:
[Because oil sand/shale conversion is an act of petroleum-addicted
desperation, and we are NOT addicts... right? RIGHT?!]
http://www.westernoilsands.com/
http://www.heritageoilcorp.com/
HERITAGE OIL CORPORATION
Heritage Oil Corporation is a Canadian-based independent, international
oil and gas exploration, development and production company. The
Company’s principal producing properties are in Oman. Heritage has a 95%
interest in a development project in Russia, which has proven and
probable reserves of 69 million barrels net to Heritage. Heritage has an
exploration project in Uganda. In June 2006, the Company signed an
agreement to sell its Congolese assets for over US$28 million.
K Petroleum Company, a subsidiary of Heritage, has entered into two
Memoranda of Understanding (“MOUs”) with the Oil, Gas and Petrochemical
Establishment of the Government of Kurdistan, Iraq to undertake field
studies over an area exceeding 1,300 square kilometres. Fieldwork
commenced in January 2006 and negotiations are underway to convert the
MOUs to Production Sharing Agreements.
Heritage has a 50% interest in two exploration licenses in Uganda. The
Kingfisher-1 well is expected to spud this summer in block 3A.
Exploration prospects have improved substantially following the
completion of the Waraga-1 well test in Block 2 in July 2006, which lies
immediately north of Heritage’s permit. The well test produced an
aggregate maximum flow rate of 12,050 bpd from three zones.
Heritage Middle East Limited, a wholly-owned subsidiary of Heritage,
continues to enter into negotiations with the Ministry of Oil in Baghdad
to obtain MOUs to undertake exclusive detailed field studies and to
prepare development plans over a number of oil fields.
Heritage is looking to expand its operations in Russia through the
acquisition of a number of similar-sized development licenses in Russia
and Kazakhstan.
The Company’s producing, development and exploration projects, together
with potential opportunities, provide a combination of early cash flow
and longer term value creation opportunities.
The Company’s shares trade on The Toronto Stock Exchange, or TSX, under
the symbol HOC.
July 2006
