Heritage Oil reports incident in Uganda



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

    CALGARY, Aug. 3, /CNW/ - Heritage Oil Corporation (TSX: HOC) today
confirms an incident overnight in the offshore portion of Block 3A, Uganda, in
which a member of the sub-contract seismic crew was killed.
    We are deeply saddened by this tragic loss of life and our sincere
thoughts and wishes are with the family of the deceased and other personnel
involved. A full investigation is underway and all appropriate authorities
have been informed and are involved. We are co-operating fully with the
investigation.
    We do not anticipate that this incident will impact on the schedule for
drilling of the Kingfisher-2 well. Seismic operations in Block 1 also continue
unchanged.

    Heritage is an international oil and gas corporation with a diversified
portfolio of properties, including a producing property in the Sultanate of
Oman, a development property in Russia and exploration projects in the
Republic of Uganda and the Democratic Republic of Congo. The Company is also
pursuing opportunities in the Kurdistan region of Iraq and in other areas of
Iraq.
    The Company's Common Shares trade on the Toronto Stock Exchange under the
symbol HOC.

    If you would prefer to receive press releases via email contact Ana
    Augusta (ana@chfir.com) and specify "Heritage press releases" in the
    subject line.

    FORWARD-LOOKING STATEMENTS: 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 -
are forward-looking statements 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 the AIF and
elsewhere in Heritage documents filed from time-to-time with the Toronto Stock
Exchange and other regulatory authorities. Further, any forward-looking
statement is made only as of a certain date and the Company undertakes no
obligation to update any forward-looking statement 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
statement.

    %SEDAR: 00010129E




For further information:

For further information: Investors Relations Contacts: CHF Investor
Relations: Cathy Hume, Tel, (416) 868-1079 x231, Email, cathy@chfir.com; Kelly
Cody, Tel, (416) 868- 1079 x223, Email, kelly@chfir.com; Heritage Oil
Corporation, Contact Details: Tony Buckingham/Paul Atherton, Tel, 41 91 973
1800, +44 870 011 5555, (403) 234-9974, Email, info@heritageoilcorp.com

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HERITAGE OIL CORPORATION

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