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SacOil Raises Eight Million Rand in Share Issue
Sacoil 24,579 million new ordinary shares, raises R8,3m to fund costs for potential transactions.
Sacoil is to issue 24,579 million new ordinary shares to YA Global Masters SPV Limited (YA) at a price of 34c per share, raising R8,3m, or approximately one million dollars.
Read MoreSacOil ready and funded for a transformational year
This year is shaping up to be a significant one forSacOil (LON:SAC). In Nigeria, in particular, the news flow should ramp up now that the finances are in place that will allow the exploration and appraisal of one of two highly prospective oil licences there.
In April the group announced it had posted a US$25 million performance
bond, which allows it to start preliminary work on the OPL233 concession in the Niger Delta.
Court rules for SacOil in $2m claim
The Supreme Court of Appeal’s decision to dismiss Identiguard’s claim of $2m against a SacOil subsidiary should bring the dispute between the two companies to an end, SacOil CEO Robin Vela said yesterday.
Read MoreSacOil’s Appeal against US$2m Identiguard Claim Upheld
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” ot “the Group”) SacOil’s Appeal against US$2m Identiguard Claim Upheld Summary South Africa’s Supreme Court of Appeal dismisses Identiguard’s claim to US$2m from SacOil’s subsidiary and awards SacOil costs Background SacOil previously reported…
Read MoreResponse to Public Censure by the JSE
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”) Response to Public Censure by the JSE SacOil notes that the JSE Limited (JSE) has today announced on the Stock Exchange News Service of the JSE (“the announcement”), a public censure of the…
Read MoreFurther Cautionary Announcement
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” or “the Company”) FURTHER CAUTIONARY ANNOUNCEMENT In compliance with JSE Limited (“JSE”) Listings Requirement 3.9 and with reference to the cautionary announcement published on 2 September 2011 and the further cautionary…
Read MoreAfrican Independent Upstream Oil & Gas Company
SacOil is willing and able to operate through the exploration phase but will focus on the establishment of strategic industry partnerships through the appraisal and development to manage portfolio risk and ensure that the optimum technical and operating skills are applied to each opportunity
Read MoreIssue of shares for cash to YA Global Masters SPV Ltd
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”) Issue of shares for cash to YA Global Masters SPV Ltd SacOil shareholders (“Shareholders”) are advised that 32 135 560 new SacOil ordinary shares (“SEDA Shares”) will be…
Read MoreWell-oiled plans for cash – Looking for acquisitions
SacOil, the oil exploration company listed on the JSE and on London’s AIM market, has taken a step forward with its funding arrangements by posting a US$25m performance bond in Nigeria. This is the latest in a series of financial initiatives the company has announced since last August, and helps secure its exposure to an oil concession in Nigeria’s Niger River delta.
Read MorePerformance Bond and Appointment of Joint Broker
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”) Performance Bond and Appointment of Joint Broker USD$25 million Performance Bond approved to secure oil concession block OPL 233 in Nigeria USD$10 million cash collateral to be put…
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