09:54 AM EST - Heritage Oil Plc : and its wholly-owned subsidiary, Heritage Energy Middle East Limited ("HEME"), announced the proposed divestment of HEME's remaining 49% interest in the production sharing contract relating to the Miran Block in the Kurdistan Region of Iraq and corresponding interest in the related joint operating agreement to Genel Energy (Miran) Limited, a wholly-owned subsidiary of Genel Energy plc under the terms of a $294-million U.S. exchangeable loan provided to Heritage by Genel in August 2012, including the sum of cash calls paid by Genel to the operator of the Miran Block on HEME's behalf in respect of its 49% interest, since July 1, 2012. Completion of the Divestment is subject to approval of the Company's shareholders. Heritage Oil Plc
shares T.HOC are trading unchanged at $3.25.
