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”) Dealing in securities by a director In terms of paragraph 3.63 – 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a…Read More
Receipt of US$10 million associated with the expiry of OPL 233 performance bond
SacOil Holdings Limited is pleased to announce the receipt of US$10 million from Ecobank, associated with the cash collateral that secured the performance bond on OPL 233. The cash collateral was originally paid as part of SacOil and Energy Equity Resources Norway Limited’s (“EERNL”) obligations to post a performance bond on OPL 233 in April 2012. This performance bond expired on 2 May 2015.
The full refund of US$10 million was received by SacOil on 5 June 2015. Half of the US$10 million receipt is treated as a part repayment of EERNL’s outstanding loan related to OPL 233.Read More
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”) UNQUALIFIED AUDIT REPORT Shareholders are advised that the independent auditors report on the Company’s 28 February 2015 consolidated condensed preliminary financial statements is unqualified. JSE Sponsor PSG Capital…Read More