/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
CALGARY, Aug. 13 /CNW/ - Heritage Oil Limited (LSE: HOIL), an independent
upstream exploration and production company, is delighted to announce the
appointment of Salim Hassan Macki as an independent non-executive Director of
the Company with immediate effect. Mr. Macki was a Member of the State
Council, Former Ambassador, Government of Sultanate of Oman ("Oman") and is a
Director of Oman Oil (a wholly owned Government company) since 1996.
Mr. Macki holds a Masters degree in Petrochemical Engineering and has
spent most of his working life in the oil industry, where he is
internationally highly regarded. He holds, or has previously held, many senior
executive positions in various private and state owned entities in Oman and
internationally. This has included being the former Chairman of Oman National
Investment Corporation Holding (ONIC) and Oman India Fertilizer Company, a
former Director General for Oil and Minerals (effectively the Oil Minister)
and former Chairman of the Joint Management Committee of Petroleum Development
Oman (PDO). Mr. Macki is the representative of the Government of Oman on the
Caspian Pipeline Consortium (CPC).
Mr. Macki has held (in the last five years) or currently holds the
following positions in publicly quoted companies:
- Mr. Macki was the Chairman and a Director of Oman National Investment
Corporation Holding SAOG between 1999 and 2004. This is a public
company traded on the Muscat Securities Market in Oman.
- Mr. Macki was the Chairman and a Director of Alliance Housing Bank in
2004, which changed its name to Ahli Bank in January 2008. This is a
public company traded on the Muscat Securities Market in Oman.
- Mr. Macki is the Chairman of and Director of Oman KCA Deutag Drilling
Company LLC which is a subsidiary of Abbot Group Ltd. This group was
listed on the London Stock Exchange until March 2008.
- Mr. Macki is the Chairman and Director of Oman Drilling Mud Products
Company LLC, which is an associate company of Al Anwar Holdings SAOG,
which is a public company traded on the Muscat Securities Market in
- Mr. Macki is the Chairman and Director of Gulf Hotels (Oman) Company
SAOG, which is a public company traded on the Muscat Securities
Market in Oman.
There are no other matters that require disclosure under FSA Handbook
Listing Rule 9.6.13 in respect of Mr. Macki.
Tony Buckingham, CEO, commented:
"We are delighted to welcome Salim Hassan Macki to the board of Heritage;
he is an outstanding addition. He brings considerable oil and gas as well as
corporate experience and an extensive network of contacts in the Middle East
and throughout the world. His knowledge will be an invaluable addition to our
board as Heritage continues to expand its business in its core areas of the
Middle East, Africa and Russia."
Notes to Editors
- Heritage is listed on the Main Market of the London Stock Exchange
and is a constituent of the FTSE 250 Index. The trading symbol is
HOIL. Heritage has a further listing on the Toronto Stock Exchange
- Heritage is an independent upstream exploration and production
company engaged in the exploration for, and the development,
production and acquisition of, oil and gas in its core areas of
Africa, the Middle East and Russia.
- Heritage has producing properties in Oman and Russia and exploration
projects in Uganda, the Kurdistan Region of Iraq, the Democratic
Republic of Congo, Malta, Pakistan, Tanzania and Mali.
This press release is not for distribution to United States Newswire
Services or for dissemination in the United States.
If you would prefer to receive press releases via email please
contact Sasha Abrams (firstname.lastname@example.org) and specify "Heritage press
releases" in the subject line.
Except for statements of historical fact, all statements in this news
release - including, without limitation, statements regarding production
estimates and future plans and objectives of Heritage - constitute
forward-looking information that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate;
actual results and future events could differ materially from those
anticipated in such statements. Factors that could cause actual results to
differ materially from anticipated results include risks and uncertainties
such as: risks relating to estimates of reserves and recoveries; production
and operating cost assumptions; development risks and costs; the risk of
commodity price fluctuations; political and regulatory risks; and other risks
and uncertainties as disclosed under the heading "Risk Factors" in its
Prospectus and elsewhere in Heritage documents filed from time-to-time with
the London Stock Exchange and other regulatory authorities. Further, any
forward-looking information is made only as of a certain date and the Company
undertakes no obligation to update any forward-looking information or
statements to reflect events or circumstances after the date on which such
statement is made or reflect the occurrence of unanticipated events, except as
may be required by applicable securities laws. New factors emerge from time to
time, and it is not possible for management of the Company to predict all of
these factors and to assess in advance the impact of each such factor on the
Company's business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those contained in
any forward-looking information.
For further information:
For further information: PR - Europe, Bell Pottinger Corporate &
Financial, Nick Lambert/Andrew Benbow, Tel: +44 (0) 20 7861 3232, Email:
NLambert@bell-pottinger.co.uk, ABenbow@bellpottinger.co.uk; Investor Relations
- Heritage Oil Limited, Tanya Clarke, Tel: +44(0) 20 7518 0838, Email:
email@example.com; Heritage Oil Limited, Tony Buckingham/Paul Atherton,
Tel: +44 (0) 1534 873 000, +44 (0) 20 7518 0820, (403) 234-9974, Email:
firstname.lastname@example.org; Investor Relations - Canada, CHF Investor Relations,
Cathy Hume/Lindsay Carpenter, Tel: (416) 868-1079 x231/x 239, Email: