Archive for June 2011

SacOil’s Vela keen to emulate the success of Africa’s top explorers

The almost unseemly scramble by wildcatters and majors alike suggests Africa is the go-to area for oil and gas.

Tullow Oil (LON:TLW), Anadarko (NYSE:APC) and Heritage Oil (LON:HOIL) are just three former minnows who can map their success back to being among the first movers on the continent.

Hoping to emulate the trio’s accomplishments is AIM newcomer SacOil (LON:SAC, JSE:SAC), although chief executive Robin Vela describes the company as “Energy Africa Mark II’.

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Management demonstrates confidence by increasing their interest in SacOil

SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE share code: SCL / AIM share code: SAC ISIN: ZAE000127460 (“SacOil” or “the Company”) Management demonstrates confidence by increasing their interest in SacOil Members of SacOil`s executive management team; Chief Executive Officer: Robin Vela, Vice President Commercial: Bradley Cerff and Executive…

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SacOil continues the process of expanding and strengthening its core Management Team

SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE share code: SCL / AIM share code: SAC ISIN: ZAE000127460 (“SacOil” or “the Company”) SacOil continues the process of expanding and strengthening its core Management Team Appointment of Jan Maier as Chief Operating Officer Appointment of Bradley Cerff as Vice President…

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Corporate Update

SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE share code: SCL / AIM share code: SAC ISIN: ZAE000127460 (“SacOil” or “the Company”) Corporate Update Confirmation of total number of shares in issue – 684 million in total as of today Competent Person`s Report (“CPR”) valuations of SacOil`s oil and…

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