United Heritage Corporation: Cato and Wardlaw Update; Restatement of Financial Statements for Fiscal Years 2001 and 2000; $20 million Joint Credit Facility.

Publication: PR Newswire

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COPYRIGHT 2006 PR Newswire Association LLC

MIDLAND, Texas, June 30 /PRNewswire-FirstCall/ -- United Heritage Corporation (the "Company") announced today that, as a result of the investment by Lothian Oil Inc. ("Lothian") under the Exploration and Development Agreement dated October 7, 2005, production at its Cato San Andres Unit ("Cato Unit") has increased to approximately 170 barrels of oil equivalent per day from 40 producing wells. The Cato Unit has a total of 299 wells. From January 1, 2006 through May 31, 2006, Lothian has invested more than $3 million in infrastructure and field development at the Cato Unit.

Additionally, pursuant to the Exploration and Development Agreement, Lothian has committed to an investment of in excess of $1 million for a multi- lateral horizontal pilot drilling program in two...

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