British oil firm Heritage Oil Plc (HOIL.L) announced the completion of the sale of its 26 percent interest in Miran exploration block in the Kurdistan Region of Iraq to Genel Energy (GEGYF.PK).
The sale has been completed in accordance with its terms, and Heritage Oil said it received the cash consideration in full. The Loan was fully drawn down and the Loan funds have today been received in full.
Also, the proposed Rights Issue has been terminated, as the sale was completed and loan was drawn down on time as described in the prospectus issued by Heritage on 6 August. According to the Prospectus, the deadline was on or prior to August 22, 2012. Heritage Oil plans to publish a supplementary Prospectus and a supplementary Circular on 23 August 2012. The extraordinary general meeting of the Company convened in respect of the Proposed Acquisition (the "EGM") will continue to be held on 30 August 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.