Heritage Oil Plc provides an operational update on OML 30, Nigeria, that includes unaudited information and may be subject to further review.
Production year to date, from OML 30, has averaged approximately 15,600 bopd net to Heritage, 17% higher than in Q4 2013. There have been three liftings to date in 2014 and it is expected that these will take place on a monthly basis going forward. Installation of gas compressors, refurbishment of equipment, statutory inspection and testing of all pressure vessels, and inspection of all wellheads and pipelines continue to support well optimisation. This should result in further increases in production. Commencement of development drilling remains on track for the second half of the year.