Heritage's losses deepen

Oil and gas exploration and production company Heritage Oil saw losses from continuing operations widen in 2011 as it cranked up its capital expenditure programme.

Oil and gas exploration and production company Heritage Oil saw losses from continuing operations widen in 2011 as it cranked up its capital expenditure programme.

The full year loss from continuing operations in 2011 was $63.0m versus $44.2m the year before, as cash capital expenditure rose to $134.9m from $119m in 2010.

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