* Hopes to publish merger prospectus before year end * Appraisal drilling on Miran West to start this month * Plans to start production in Uganda in 2011 (Adds details) LONDON, Nov 17 (Reuters) – Heritage Oil ( HOIL.L )( HOC.TO ) said talks with Turkey’s Genel Energy are ongoing and that it hopes to reach a formal agreement on the proposed $6 billion merger before the end of the year. Last month, Heritage said the merger was delayed again, due to leadership changes in Kurdistan, adding to recent worries about investment in the semi-autonomous region of Iraq. [ID:nLJ704498] On Tuesday, Heritage said it hopes to publish the deal prospectus for shareholders to review before the end of the year. It announced the planned merger in June and had hoped to publish the prospectus in August. Heritage also said that appraisal drilling on Miran West structure in Kurdistan will start later this month with further appraisal and development drilling planned in 2010. The company added that activity in Block 1 in Uganda will resume in early 2010 and that it plans early commercialisation of the resources with production starting in 2011. It has $222 million in cash and said this is sufficient for the current planned work programmes in 2010. Heritage shares were 0.3 percent lower at 459.1 pence at 0824 GMT. (Reporting by Julie Crust ; editing by Matthew Scuffham ) © Thomson Reuters 2009 All rights reserved Read more: UPDATE 1-Heritage hopes to sign Genel merger by year end
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UPDATE 1-Heritage hopes to sign Genel merger by year end
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