Archive for September 2011

Edison Investment Research Update

SacOil recently announced the issue of 111.94m shares raising ZAR75m ($10.7m) on the JSE. The shares were issued at ZAR0.67 (c 5.8p) compared to a trade-weighted average price of 5.93p in August (source Bloomberg) to Timtex Investments, an associate of Encha Group, a material (36.01%) shareholder in SacOil.

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African Independent Upstream Oil & Gas Company

SacOil is the only JSE listed, independent upstream oil and gas company. Well positioned to become an African based, African independent upstream oil & gas company . Current portfolio includes assets in the DRC and assets under acquisition in Nigeria

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Proposed Specific Issue of Equity to Raise R75 000 000 and Cautionary Announcement

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”) Proposed Specific Issue of Equity to Raise R75 000 000 and Cautionary Announcement 1. Proposed specific issue of shares for cash SacOil shareholders (“Shareholders”) are advised that…

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