Heritage generated a loss from continuing operations of $63 million, up 43% on the $44.2 million loss from continuing operations generated in 2010.
The company’s 2010 net profit of $1.27 billion was a result of profit from discontinued operations – following the settlement of legal disputes with UK-listed Tullow surrounding its Ugandan assets.
Heritage increased its stake in Toronto-listed PetroFrontier to 15.25%
