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Ex-SAS officer makes a killing; MARKET REPORT.

Publication: The Daily Mail (London, England)
Publication Date: 04-JUN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Ex-SAS officer makes a killing; MARKET REPORT.(Business)

Article Excerpt
Byline: by Rupert Steiner

FORMER SAS officer Tony Buckingham is making a killing on the stock market. Shares in his company Heritage Oil flew up 50p to 531p, valuing his 33pc stake at almost [pounds sterling]450m. The spike in the stock - which was subsequently suspended - accompanied news that Heritage is in early-stage merger talks.

Those in the know point to America's Imperial Petroleum Recovery Corporation (IPRC) as the most likely suitor.

It is a subsidiary of Houston-based Petrowave, which develops technology for petroleum and alternative energy exploration.

Heritage was in talks last September to dispose of certain assets, which could have led to a sale of...

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