Prospectus re Admission to the Official List - Heritage Oil

Year ended 31 December 2006Depreciation,External Segment Total Capital depletion andrevenue result Total assets liabilities additions amortisation$ $ $ $ $ $Russia ........... — (3,698) 23,395,149 150,324 12,830,190 —Oman ........... 3,938,512 716,322 10,439,341 642,607 5,226,268 807,424Uganda (1) ........ 2,895,727 428,129 46,537,931 7,311,956 14,934,054 176,013DRC............ — (51,552) 35,468 — 35,468 —Congo (2) ......... 5,762,283 12,449,190 5,157,646 — 2,610,699 843,562Iraq (3) ........... — (3,556,202) — — — —Pakistan ......... — (715,776) — — — —Unallocated—Corporate ...... 1,336,351 (37,634,168) 61,208,338 95,942,519 1,510,919 368,55013,932,873 (28,367,755) 146,773,873 104,047,406 37,147,598 2,195,549Nine-month period ended 30 September 2006 (Unaudited)Depreciation,External Segment Total Capital depletion andrevenue result Total assets liabilities additions amortisation$ $ $ $ $ $Russia ......... — — 12,767,641 44,809 5,755,031 —Oman ......... 2,984,091 1,926,052 8,757,988 589,060 4,052,188 541,171Uganda (1) ...... 2,491,339 444,604 39,225,922 4,916,993 7,312,675 134,612DRC.......... — (51,552) 26,116 — 16,893 —Congo (2) ....... 4,485,048 2,417,316 17,387,503 1,226,978 2,610,699 843,562Iraq (3) ......... — (2,836,603) — — — —Pakistan ........ — (436,818) — — — —Unallocated—Corporate .... 985,353 (13,980,909) 59,962,203 75,119,443 1,361,964 272,69410,945,831 (12,517,910) 138,127,373 81,897,283 21,109,450 1,792,039Nine-month period ended 30 September 2007Depreciation,External Segment Total Capital depletion andrevenue result Total assets liabilities additions amortisation$ $ $ $ $ $Russia ........... 984,539 (2,123,116) 38,406,629 1,010,028 15,589,608 317,688Oman ............ 1,858,514 1,100,193 12,934,518 317,249 3,597,498 276,181Uganda (1) ......... — (43,033) 74,148,785 7,705,785 28,316,889 —DRC ............ — — 1,239,696 — 654,228 —Congo (2) .......... — — — — — —Iraq (3) ............ — (2,271,066) — — — —Pakistan .......... — (342,819) 874,855 — 874,855 —Unallocated—Corporate ....... 1,243,305 (63,937,561) 90,218,792 184,770,910 11,758,850 712,2624,086,358 (67,617,402) 217,823,275 193,803,972 60,791,928 1,306,131(1) Uganda includes exploration activity as well as revenue and operating profit from drilling services.(2) Revenues and expenses from Congo have been included as discontinued operations in the income statement.(3) Iraq information is not a separate geographic segment as defined in note 1(e) based on the fact that the license was notreceived until October 2007 (note 27). However, information was presented for clarity.Exploration expenditures in respect of E&E assets relate to pre-licence costs which are expensed inaccordance with IFRS 6.194