Archive for April 2016

Update on the African Renaissance Gas Pipeline in Mozambique

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”) UPDATE ON THE AFRICAN RENAISSANCE GAS PIPELINE IN MOZAMBIQUE Further to the announcement on 1 March, 2016, SacOil announces that a Joint Venture Agreement for the development of…

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Award of Crude Allocation by the NNPC

AWARD OF CRUDE ALLOCATION BY THE NNPC

Key highlights:

  • SacOil and Energy Equity Resources (“EER”) (the “Partners”) signed a memorandum of understanding (“MOU”) to explore oil and gas opportunities in the Republic of Nigeria.
  • Pursuant to the initiative, SacOil and EER, was awarded a twelve (12) month term contract for the purchase of Nigerian Crude Oil Grades by the Nigerian National Petroleum Corporation (“NNPC”).
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