NR investment in PetroFrontier to 11%

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duncanmcl

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NR investment in PetroFrontier to 11%

posted on Jul 15, 2011 09:43AM

Jul. 14, 2011 (Marketwire) --

LONDON, UNITED KINGDOM -- (Marketwire) -- 07/14/11 --

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

Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and production company, today announces that the Company acquired 310,000 common shares ("Shares") of PetroFrontier Corp. ("PetroFrontier") representing 0.49% of the outstanding Shares. Together with Shares already held by Heritage, the Company now holds 6,594,200 Shares, representing approximately 10.39% of the outstanding Shares of PetroFrontier.

The Shares were acquired through the facilities of the TSX Venture Exchange for an aggregate price equal to CDN$981,646. Heritage may increase or decrease its ownership of securities of PetroFrontier depending upon future market conditions.

All Shares acquired and/or held by Heritage in PetroFrontier were acquired for investment purposes.

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