News

November 18, 2009

Heritage Oil & Gas Hopes To Agree Genel Merger By Year-End

Uncertainty surrounding its proposed multi-billion dollar merger with Genel Enerji of Turkey continues to weigh on Heritage Oil’s share price.  Heritage had expected to get the deal, first announced in June, concluded this month to create a company with real clout in the Kurdish region of Iraq but this week the FTSE 250 company announced further delays due to political uncertainty in Kurdistan and an ongoing FSA investigation into some members of Genel’s management team.  It did,...