Heritage Oil Provides Kingfisher-2, Uganda Drilling Update



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
    SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

    Heritage Oil Limited ("Heritage" or the "Company")

    CALGARY, June 30 /CNW/ - Heritage Oil Limited (LSE: HOIL), an independent
upstream exploration and production company, is pleased to announce that the
Kingfisher-2 exploration and appraisal well in Block 3A, Uganda, has currently
reached a drilled depth of 2,922 metres. Excellent oil shows have already been
encountered over a gross vertical interval of approximately 105 metres from
three potential sandstone reservoir zones. Preliminary interpretation of the
zones, prior to wireline logging, indicates they could be the lateral
equivalent of three pay zones which production tested at a combined flow rate
of 9,773 barrels of oil per day in the Kingfisher-1 well. Kingfisher-1 was
completed in early 2007 and is located approximately 1.5 kilometres to the
south-west of Kingfisher-2.
    The Kingfisher-2 well is designed to appraise reservoir zones discovered
by the Kingfisher-1 well, as well as explore a deeper potential objective not
previously reached due to the limitations of the rig that was used to drill
Kingfisher-1. When a total anticipated depth of approximately 4,100 metres has
been reached, it is planned to also production test prospective zones of
Kingfisher-2.
    Tony Buckingham, CEO, commented:
    "We are delighted to have encountered excellent oil shows over such a
large vertical interval. This is very encouraging for increasing oil reserves
in the Albert Basin and we look forward to undertaking successful production
tests later this summer."
    Heritage has a 50% interest in Block 3A with Tullow Oil as partner for
the remaining 50%.

    
    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 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.
    

    If you would prefer to receive press releases via email please contact
Sasha Abrams (sasha@chfir.com) and specify "Heritage press releases" in the
subject line.

    FORWARD-LOOKING INFORMATION:

    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.

    %SEDAR: 00010129E




For further information:

For further information: Investor Relations, PR - Europe: Bell Pottinger
Corporate & Financial, Nick Lambert, Andrew Benbow, Tel: +44 (0) 20 7861 3232,
Email: NLambert@bell-pottinger.co.uk, ABenbow@bell-pottinger.co.uk; Canada:
CHF Investor Relations, Cathy Hume, Lindsay Carpenter, (416) 868-1079 x231,
x239, cathy@chfir.com, lindsay@chfir.com; Heritage Oil Limited: Tony
Buckingham, Paul Atherton, Tel +44 (0) 1534 873 000, +41 91 973 1800, (403)
234-9974, Email info@heritageoilltd.com

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HERITAGE OIL CORPORATION

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