Investor Centre
SacOil Holdings: Time to Deliver
THE appointment this week of Thabo Kgogo as the CEO of oil and gas explorer SacOil Holdings completes a flurry of appointments at board level of governance experts and politically connected heavyweights who now have the responsibility of delivering on the numerous promises the company has been trading on since 2007.
Read MoreDirectorate Change
SacOil, the African independent upstream Oil & Gas company, is pleased to announce the appointment of Dr Thabo Kgogo as the Chief Executive Officer of SacOil with effect from 1 June 2014. Mr Roger Rees, currently Acting Chief Executive Officer, will step down from his position on the same date.
Dr Thabo Kgogo has more than 12 years’ experience in the oil and gas industry ranging from exploration, appraisal and development projects in upstream. He joins SacOil from PetroSA, South Africa’s national oil company, where he held the position of Vice President – Operations and recently Acting Chief Operating Officer.
Read MoreUpdate on Mozambique Opportunity and Withdrawal of Cautionary Announcement
Shareholders are referred to the cautionary announcement published on 24 February 2014 and are advised that SacOil and The Public Investment Corporation (SOC) Limited (“PIC”) have now entered into a Memorandum of Understanding (“MoU”) dated 31 March 2014 with The Instituto De Gestão Das Participações Do Estado (“IGEPE”). IGEPE is an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique in commercial ventures. SacOil is a South African based independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC).
Read MoreSacOil, PIC sign energy MoU with Mozambique
Independent oil and gas group SacOil and the Public Investment Corporationhave entered into a memorandum of understanding (MoU) with the Instituto De Gestão Das Participações Do Estado (IGEPE) aimed at regulating a long-term partnership that will look to develop Mozambique’s natural gas industry through the development of several long-term projects.
Read MoreSacOil reports ‘satisfactory’ progress at African projects
South Africa-based independent African oil and gas company SacOil has reported “satisfactory” progress at its existing portfolio of exploration and appraisal assets in Nigeria and Malawi, further confirming that it continued to evaluate several opportunities to secure new value-accretive acreage in established and prolific African hydrocarbon jurisdictions and basins.
Read MoreOperations Update
SacOil, the South African based independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC), is pleased to provide the following update on its on-going operational activities in Nigeria and Malawi.
Satisfactory progress has been made across the existing portfolio of exploration and appraisal assets. The Company also continues to evaluate a number of opportunities to secure new value accretive acreage in established and prolific African hydrocarbon jurisdictions and basins.
Read MoreCautionary Announcement – Expression of Interest
Shareholders are hereby advised that the Company has entered into an expression of interest (“EoI”) dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa.
Read MoreIgepe, PIC, SacOil to explore investment possibilities in Mozambique
Igepe, PIC, SacOil to explore investment possibilities in Mozambique
IGEPE, the Mozambican state shares-management agency, has signed an expression of interest with South Africa’s Public Investment Corporation (PIC), together with SacOil, to explore various investment opportunities in Mozambique.
Read MoreMalawi Operations: SacOil conducts environmental screening for Block 1 oil prospecting
SacOil was awarded Block 1, located in the North-Western part of Malawi bordering Tanzania to the north and Zambia to the west, in December 2012. At 12, 265 square kilometers, Block 1 is the second largest petroleum exploration license demarcated in Malawi. SacOil has an exclusive 100% interest and operator status for this license.
Read MoreResults of the Rights Offer and Specific Issue of Shares
SacOil Shareholders are referred to the circular posted to Shareholders on 7 November 2013 (the “Circular”) containing details of the capital raising of up to R570 million by way of a renounceable rights offer and the conversion of the Gairloch debt to equity.
Capitalised terms in this announcement shall have the same meaning given to them in the Circular, unless the context indicates otherwise.
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