Heritage Begins Fast-Track Program in the Republic of Congo

Heritage and its partners, Maurel & Prom (50%) and Tacoma Resources (25%), are planning a potential three-well program to further develop the producing Kouakouala field. The partners have selected the first location, and site preparation is underway with an anticipated late August/early September spud date. Further locations will be selected, pending integration of the results of the next well into the field reservoir model. It is likely one of these wells will be an injection well to maintain reservoir pressure. Average production in the second quarter of 2003 from Kouakouala was 330 barrels per day (bpd) net to Heritage. A BEICIP-Franlab field evaluation conducted earlier this year, confirmed that full field development should eventually provide gross production approaching 9,000 bpd.

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