SacOil is pleased to publish the latest corporate presentation detailing the Company’s value proposition, portfolio update and finance overview.

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Shareholders are referred to the notice of annual general meeting (“AGM”) attached to the integrated annual report for the year ended 28 February 2014, posted to shareholders on 19 June 2014.

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SACOIL, the JSE-listed oil and gas company, has bought a company with a development lease over the Lagia oil field in the Sinai Peninsula in Egypt, for a total of $14.1m in shares and assumption of liabilities, it said on Wednesday

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Lagia Oil Field in the News

Please follow the links below for stories, articles and releases on the Lagia Oil Field (Sinai Peninsula, Egypt) over the past three years.

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Africa-based oil company SacOil Holdings Ltd Wednesday said it will acquire a 100% working interest in the Lagia oil field in the Sinai Peninsula in Egypt in a deal worth USD14.1 million in cash and shares, representing its first investment in the north African country.

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SacOil, the African independent upstream oil and gas company, is pleased to announce that it has entered into a sale and purchase agreement dated 9 September 2014 (the “Agreement”) to acquire a Cyprus-registered exploration and production company, Mena International Petroleum Company Ltd (“MIP”), from Mena International Petroleum Holdings Company Ltd (the “Seller”), a wholly-owned subsidiary of TSX Venture listed Mena Hydrocarbons Inc. (TSXV:MNH) (“Mena Hydrocarbons”) (the “Acquisition”).

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