Heritage Oil to fund Nigeria deal by Kurdistan block sale
Tue, Aug 21 15:49 PM EDT
By Brenton Cordeiro
(Reuters) - Heritage Oil Plc (HOIL.L) (HOC.TO) will sell part of a gas block and borrow money from Genel Energy Plc (GENL.L) to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria.