Dealing in Securities by a Director

By editor | 28/06/2016 | Comments Off on Dealing in Securities by a Director

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”) 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…

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CEO Interview

By editor | 27/06/2016 | Comments Off on CEO Interview

Dr Thabo Kgogo provides an overview of SacOil’s corporate and operational story Video

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Completion of 2D Seismic Data Acquisition, Block III, Albertine Graben, DRC

By editor | 21/06/2016 | Comments Off on Completion of 2D Seismic Data Acquisition, Block III, Albertine Graben, DRC

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”) Completion of 2D Seismic Data Acquisition, Block III, Albertine Graben, Democratic Republic of Congo SacOil is pleased to announce that Total E&P RDC (“Total”) operator of Block III,…

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Licence Extension To Block 1, onshore Republic of Malawi

By editor | 09/06/2016 | Comments Off on Licence Extension To Block 1, onshore Republic of Malawi

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”) Licence Extension To Block 1, onshore Republic of Malawi SacOil is pleased to announce that an eight month extension of the current licence term of onshore licence, Block…

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Provisional Audited Results for the year ended 29 February 2016

By editor | 31/05/2016 | Comments Off on Provisional Audited Results for the year ended 29 February 2016

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” or together with its subsidiaries “the Group”) PROVISIONAL AUDITED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2016 Overview The Group continues to make steady progress in its goal…

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Provisional Audited Results for the year ended 29 February 2016

By editor | 31/05/2016 | Comments Off on Provisional Audited Results for the year ended 29 February 2016

PROVISIONAL AUDITED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2016

Overview

The Group continues to make steady progress in its goal to become a pan-African oil and gas company, despite significant headwinds in the industry and global economy. Key highlights for the year ended 29 February 2016 include:

  • Completion of Phase 2 of the development plan at the Lagia Oil Field, Egypt
  • Discovery of producible 24? API gravity oil in the Thebes formation for the Lagia Oil Field
  • Reorganisation of the Group’s interest in Block III, in the Democratic Republic of Congo
  • Granting of a two-year extension to current exploration period of Block III
  • Recovery of US$10 million previously associated with the OPL 233 performance bond
  • Commencement of pre-feasibility studies on the Bioko Oil Terminal project
  • Post-period, award of crude trading allocation in Nigeria
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