Heritage Oil Limited - Director Shareholding

    TORONTO, Sept. 17 /CNW/ - The Company was notified on 16 September 2008
that Michael Hibberd, Chairman, acquired 75,000 Heritage ordinary shares of no
par value ("shares") on the London Stock Exchange at a price of 182p per
share. His notifiable shareholding in the Company following this transaction
is 125,000 shares representing 0.05% 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.
    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, x 239, Email:
cathy@chfir.com, lindsay@chfir.com

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