Business Day: SacOil in red after portfolio rationalisation

By editor | 22/05/2015 | Comments Off on Business Day: SacOil in red after portfolio rationalisation

Business Day has a positive piece highlighting the loss was mainly attributable to actions taken on the portfolio rationalisation. It also mentions the company is addressing legacy issues as per note 13 in the financial statements.
Link: http://www.bdlive.co.za/business/energy/2015/05/22/sacoil-in-red-after-portfolio-rationalisation

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Preliminary Audited Results For The Year Ended 28 February 2015

By editor | 21/05/2015 | Comments Off on Preliminary Audited Results For The Year Ended 28 February 2015

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 “the Group”) Preliminary Audited Results For The Year Ended 28 February 2015 Highlights Implementation of revised business strategy Acquisition of an oil-producing asset in Egypt Portfolio rationalisation – exit from OPL…

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Preliminary Audited Results For The Year Ended 28 February 2015

By editor | 21/05/2015 | Comments Off on Preliminary Audited Results For The Year Ended 28 February 2015

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 “the Group”) Preliminary Audited Results For The Year Ended 28 February 2015 Highlights Implementation of revised business strategy Acquisition of an oil-producing asset in Egypt Portfolio rationalisation – exit from OPL…

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Updated Trading Statement

By editor | 20/05/2015 | Comments Off on Updated Trading Statement

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”) UPDATED TRADING STATEMENT Shareholders are referred to the announcement released on the Johannesburg Stock Exchange News Service (“SENS”) and Regulatory News Service (“RNS”) of the London Stock Exchange…

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Withdrawal of participation in Oil Prospecting Licence 233

By editor | 20/05/2015 | Comments Off on Withdrawal of participation in Oil Prospecting Licence 233

Withdrawal of participation in Oil Prospecting Licence 233

SacOil shareholders (“Shareholders”) are advised that, in line with SacOil’s strategy to focus on proven resources as a basis for growth, the Company has embarked on a process of balancing and rationalising its portfolio of assets. The aim of the rationalisation is to restructure the Company’s future capital requirements – focusing on cash generative assets and low risk exploration assets.

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Trading Statement

By editor | 16/04/2015 | Comments Off on Trading Statement

In compliance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period.

Shareholders are advised that the Company expects earnings per share and headline earnings per share for the year ending 28 February 2015 to be at least 20% lower than that of the prior comparative period.

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Loan Settlement Agreement

By editor | 08/04/2015 | Comments Off on Loan Settlement Agreement

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”) LOAN SETTLEMENT AGREEMENT SacOil is pleased to announce that it has entered into a settlement agreement (the “Settlement Agreement”) with Energy Equity Resources Norway Limited (“EERNL”) relating to…

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