Archive for November 2012

Africa Oil Week Presentation

  • Africa as a continent has experienced various episodes of rifting.
  • East African Rift system is the largest continental rift system on Earth.
  • These episodes gave rise to prolific oil discoveries in Sudan, Chad, Kenya and Uganda.
  • Potential that these rifts exist elsewhere on the African continent.
  • SacOil focussed on identifying and evaluating rift plays and basins on the African continent.
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SacOil Annual General Meeting 2012

SacOil’s objective remains to provide shareholders with maximum opportunity for capital growth but with commensurate and prudent management of the risks inherent in exploration.

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Reviewed Interim Results for the six months ended 31 August 2012

SacOil Holdings Limited(Incorporated in the Republic of South Africa)(Registration number 1993/000460/06)JSE share code: SCL AIM share code: SACISIN: ZAE000127460(“SacOil” or “the Company” or “the Group”) Reviewed interim results for the six months ended 31 August 2012 SacOil, the African independent upstream oil and Gas Company, is pleased to announce its reviewed financial results for the…

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SacOil moves forward on oil and gas projects

SacOil moves forward on oil and gas projects Highlights: Successful acquisition of an airborne gravity and magnetic survey on Block III in the Democratic Republic of Congo (“DRC”); OPL 233, Nigeria: Seismic acquisition on part of the block and successful posting of performance bond on OPL 233 in Nigeria; OPL 281, Nigeria: Restructuring of farm…

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Receipt of Cash and Settlement of Indebtedness to Yorkville

SACOIL HOLDINGS LIMITED(Incorporated in the Republic of South Africa)(Registration number 1993/000460/06)JSE share code: SCL AIM share code: SACISIN: ZAE000127460(“SacOil” or “the Company”) Receipt of cash and settlement of indebtedness to Yorkville Issue of shares for cashSacOil, the African independent upstream oil and Gas Company, is pleased to announce it has received US$3.0 million from its…

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