Shareholders are hereby advised that the Company has entered into an expression of interest (“EoI”) dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa.

Read More

Igepe, PIC, SacOil to explore investment possibilities in Mozambique

IGEPE, the Mozambican state shares-management agency, has signed an expression of interest with South Africa’s Public Investment Corporation (PIC), together with SacOil, to explore various investment opportunities in Mozambique.

Read More

SacOil was awarded Block 1, located in the North-Western part of Malawi bordering Tanzania to the north and Zambia to the west, in December 2012. At 12, 265 square kilometers, Block 1 is the second largest petroleum exploration license demarcated in Malawi. SacOil has an exclusive 100% interest and operator status for this license.

Read More