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CALGARY, Sept. 15 /CNW/ - Heritage Oil Limited (LSE: HOIL), an independent upstream exploration and production company, announces the approval by the Government of Tanzania of farm-ins to four exploration licences in Tanzania and the transfer of operatorship to Heritage.

Highlights
-  Farm-in to the Kisangire and Lukuliro licences, which are held under
   one production sharing agreement ("PSA"), has been approved by the
   Government of Tanzania. Heritage appointed operator of these licences
-  Farm-in to the Kimbiji and Latham licences, also held under one PSA,
   was approved by the Government of Tanzania earlier this summer.
   Heritage is the operator of the work programme
-  The four licence areas are located in Eastern Tanzania and have a
   total area of approximately 25,000 square kilometres
-  Seismic acquisition commenced this month, initially in the onshore
   part of the Kimbiji licence area
-  First well planned during the second half of 2009

Heritage previously announced the farm-ins to the Kimbiji and Latham licences on 11 April 2008 and the Kisangire and Lukuliro licences on 21 April 2008.

Heritage has commenced acquisition of 2D seismic, initially in the onshore part of the Kimbiji licence area, after which seismic operations will be conducted in the Kisangire licence area. Heritage plans to drill its first well in Tanzania in the second half of 2009.

Kisangire and Lukuliro Licence Areas

The Kisangire and Lukuliro licence areas cover an area of 7,280 square kilometres and 8,828 square kilometres respectively, onshore Tanzania. The PSA was originally awarded to Dominion Petroleum Limited ("Dominion") in May 2005 with an exploration period of four years followed by one extension of four years, a further extension of three years and the right to a development licence with a term of 25 years.

Under the terms of the farm-in agreement with Dominion, Heritage initially has the right to earn a working interest of 55% in the Kisangire and Lukuliro licences. In order to earn the working interests, Heritage will fund all costs to acquire a minimum of 150 kilometres of 2D seismic data and drill the first commitment well. Heritage also has an option to earn an additional 15% working interest, thereby increasing its participating interest to 70%, by funding 87.5% of the costs of a second well.

Latham and Kimbiji Licence Areas

The Latham and Kimbiji licences, covering 5,056 square kilometres and 4,298 square kilometres respectively, encompass onshore (1,881 square kilometres), near shore (2,981 square kilometres), and deep water (4,491 square kilometres) areas.