Prospectus re Admission to the Official List - Heritage Oil

Summary Consolidated Income Statements (for the nine-month period ended 30 September 2007 andfinancial years 2005 and 2006 prepared in accordance with IFRS and audited and for the nine-monthperiod ended 30 September 2006 prepared in accordance with IFRS and unaudited)Year endedNine-month periods31 December ended 30 September2005 2006 2006 2007$ $ $ $(Unaudited)Net revenue .......................... 1,184,125 6,834,239 5,475,430 2,843,053Net expenses .......................... (12,795,257) (19,689,292) (12,646,009) (41,150,721)Gain on disposal of subsidiaries ............ — — — 1,077,132Finance income (costs) .................. (161,534) (27,961,892) (7,764,647) (30,251,946)Income from and gain on disposal ofdiscontinued operations ................ 3,510,441 12,449,190 2,417,316 —Net loss for the period attributable to equityholders of the Corporation .............. (8,262,225) (28,367,755) (12,517,910) (67,482,482)Net earnings per share from discontinuedoperationsBasic and diluted ....................... 0.16 0.57 0.11 —Net loss per share from continuing operationsBasic and diluted ....................... (0.54) (1.86) (0.68) (3.02)Net loss per shareBasic and diluted ....................... (0.38) (1.29) (0.57) (3.02)3