Investor Centre
Half Yearly 2011 Financial Results
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”) Half Yearly 2011 Financial Results AIM and JSE listed – SacOil Holdings Limited, the African independent upstream oil and Gas Company is pleased to announce its half…
Read MoreTrading Statement Update
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”) Trading Statement Update Further to the trading statement released on the Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”) and on the Regulatory News Service…
Read MoreSalient dates, Circular, Identiguard, Trading Statement and Further Cautionary Announcement
Salient dates, Circular, Identiguard, Trading Statement and Further Cautionary Announcement 1. Introduction Shareholders of SacOil (“Shareholders”) are referred to the announcement released on the Securities Exchange News Service (“SENS”) of the JSE Limited (“JSE”) and on the Regulatory News Service of the London Stock Exchange on Thursday, 13 October 2011 regarding: a specific issue of…
Read MoreCircular to Shareholders
Circular to SacOil Shareholders relating to:
- a specific issue of 111,940,298 SacOil Ordinary Shares for R75,000,000 in cash to Timtex, being a related party to SacOil, at an issue price of R0.67 per SacOil Ordinary Share;
- a specific authority to issue up to a maximum of 339,390,036 SacOil Ordinary Shares for R197,992,500 in cash to Yorkville Advisers UK LLP, calculated using an illustrative issue price of R0.58 per SacOil Ordinary Share , collectively referred to as the “Specific Issues”;
- a Specific Payment to Encha of R1,500,000 pursuant to a promoter’s fee; and
- proposed amendments to the SacOil Share Option Scheme.
Equity Distribution Agreement, Pro forma Financial and Further 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: ZAE000127460 (“SacOil” or “the Company”) Equity Distribution Agreement, Pro forma Financial and Further Cautionary Announcement 1. Introduction Shareholders of SacOil (“Shareholders”) are referred to the announcement released on the Securities Exchange News…
Read MoreEdison Investment Research Update
SacOil recently announced the issue of 111.94m shares raising ZAR75m ($10.7m) on the JSE. The shares were issued at ZAR0.67 (c 5.8p) compared to a trade-weighted average price of 5.93p in August (source Bloomberg) to Timtex Investments, an associate of Encha Group, a material (36.01%) shareholder in SacOil.
Read MoreAfrican Independent Upstream Oil & Gas Company
SacOil is the only JSE listed, independent upstream oil and gas company. Well positioned to become an African based, African independent upstream oil & gas company . Current portfolio includes assets in the DRC and assets under acquisition in Nigeria
Read MoreProposed Specific Issue of Equity to Raise R75 000 000 and 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: ZAE000127460 (“SacOil” or “the Company”) Proposed Specific Issue of Equity to Raise R75 000 000 and Cautionary Announcement 1. Proposed specific issue of shares for cash SacOil shareholders (“Shareholders”) are advised that…
Read MoreSacOil Interim Results for the six months ended 31 August 2011
During the period, SacOil, through Semliki Energy SPRL (“Semliki”), a company incorporated in the DRC and in which it holds a 50% interest, successfully concluded a farm-out and transfer of a 60% legal and benefi cial participating interest and operatorship of Block III to Total. DIG Oil Proprietary Limited (“DIG”) holds the other 50% in Semliki.
In return, SacOil gained:
• An immediate gross cash realisation of US$7.5m (£4.6m);
• Future contingent cash bonuses of, in aggregate, US$54.0m (£33.02m) and payable in two tranches;
• Full carry on exploration expenditure costs of at least US$35m (£21.4m) until final investment decision;
• Settlement of a US$1.4m (£0.9m) loan provided to DIG; and
• Knowledge and technical skills transfer via SacOil’s representation on the management committee of Block III.
No Change Statement and Notice of Annual General Meeting
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”) No Change Statement and Notice of Annual General Meeting 1. Posting of annual financial statement Shareholders are advised that the annual financial statements for the year ended…
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