Archive for April 2012

Issue of shares for cash to YA Global Masters SPV Ltd

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”) Issue of shares for cash to YA Global Masters SPV Ltd SacOil shareholders (“Shareholders”) are advised that 32 135 560 new SacOil ordinary shares (“SEDA Shares”) will be…

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Well-oiled plans for cash – Looking for acquisitions

SacOil, the oil exploration company listed on the JSE and on London’s AIM market, has taken a step forward with its funding arrangements by posting a US$25m performance bond in Nigeria. This is the latest in a series of financial initiatives the company has announced since last August, and helps secure its exposure to an oil concession in Nigeria’s Niger River delta.

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Performance Bond and Appointment of Joint Broker

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”) Performance Bond and Appointment of Joint Broker USD$25 million Performance Bond approved to secure oil concession block OPL 233 in Nigeria USD$10 million cash collateral to be put…

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Further 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: ZAE0000127460 (“SacOil” or “the Company”) FURTHER CAUTIONARY ANNOUNCEMENT (JSE) In compliance with JSE Limited (“JSE”) Listings Requirement 3.9 and with reference to the cautionary announcement published on 2 September 2011 and the further…

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