Heritage Oil PLC (HOIL.LN), the oil and gas firm, Thursday announced that it acquired 151,900 common shares of PetroFrontier Corp. representing 0.24% of the outstanding Shares.

MAIN FACTS:

-Together with Shares already held by Heritage, the Company now holds 7,756,600 Shares, representing approximately 12.22% of the outstanding Shares of PetroFrontier.

-The Shares were acquired through the facilities of the TSX Venture Exchange for an aggregate price equal to C$593,489.

-Heritage may increase or decrease its ownership of securities of PetroFrontier depending upon future market conditions.

-Shares at 1231 GMT down 4.88% at GBP2.24 valuing the company at GBP590.96 million.

-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com

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