Nigeria: Shoreline Natural Resources Acquires Major Stake in Oml 30

11 November 2012

Shoreline Natural Resources Limited, a special purpose private Nigerian company formed between a subsidiary of Heritage Oil Plc and a local Nigerian partner, Shoreline Power Company Limited, has successfully completed the acquisition of a 45% participating interest in a producing oil mining lease in Nigeria ("OML 30").

The acquisition is for a total cash consideration of $850 million, net of costs (the "Acquisition").

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