Heritage Oil Limited - Director Shareholdings



    TORONTO, Sept. 8 /CNW/ - The Company was notified on 5 September 2008:

    
    -   Michael Hibberd, Chairman, acquired 50,000 Heritage ordinary shares
        of no par value each ("shares") on the London Stock Exchange at a
        price of 215p per share through MJH Services Inc., a company which is
        wholly-owned by Mr Hibberd. His notifiable shareholding in the
        Company following this transaction is 50,000 shares representing
        0.02% of the Company's total voting rights outstanding and 1,150,000
        options to acquire shares previously granted under the Company's 2008
        Replacement Share Option Scheme; and

    -   Gregory Turnbull, Director, acquired 50,000 Heritage shares of no par
        value each ("shares") on the London Stock Exchange at a price of 212p
        per share. His notifiable shareholding in the Company following this
        transaction is 350,070 shares representing 0.14% of the Company's
        total voting rights outstanding and 600,000 options to acquire shares
        previously granted under the Company's 2008 Replacement Share Option
        Scheme.

    This notification is made in accordance with DR 3.1.4R (1).

    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
        (TSX: HOC).

    -   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.
    

    %SEDAR: 00010129E




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:
tc@heritageoilltd.com; Heritage Oil Limited, Tony Buckingham, Paul Atherton,
Tel: +44 (0) 1534 873 000, +44 (0) 20 7518 0820, (403) 234-9974, Email:
info@heritageoilltd.com; Investor Relations - Canada, CHF Investor Relations,
Cathy Hume, Lindsay Carpenter, Tel: (416) 868-1079 x231, x239, Email:
cathy@chfir.com, lindsay@chfir.com

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HERITAGE OIL CORPORATION

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