Integrated Annual Report 2012

By editor | 28/02/2012 | Comments Off on Integrated Annual Report 2012

SacOil Holdings Limited is a company incorporated in South Africa in accordance with the provisions of the Companies Act and complies with the principles of King III, unless otherwise stated, the Companies Act and the JSE Limited Listings Requirements and other legislative requirements. The Company subscribes to high ethical standards and principles of corporate governance. In addition, the Company also adheres to International Financial Reporting Standards (IFRS) in compiling its annual financial statements. Accordingly, we will report not only on our financial performance for the year under review but also on all other non-financial indicators, including sustainability by disclosing information on safety, social, environmental and economic impacts and influences, both positive and negative, internal and external on all our stakeholders.

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Further Cautionary Announcement

By editor | 21/02/2012 | Comments Off on 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”) Further Cautionary Announcement In compliance with JSE Limited (“JSE”) Listings Requirement 3.9 and with reference to the further cautionary announcement published on Tuesday, 10 January 2012, on the…

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Revised terms for Entry into OPL 281 Licence Nigeria

By editor | 08/02/2012 | Comments Off on Revised terms for Entry into OPL 281 Licence Nigeria

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”) Revised terms for Entry into OPL 281 Licence Nigeria and Issue of shares for cash to YA Global Masters SPV Ltd SacOil, the independent African upstream oil &…

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Issue of Equity

By editor | 31/01/2012 | Comments Off on Issue of Equity

SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) AIM share code: SAC JSE share code: SCL ISIN: ZAE0000127460 SacOil Holdings Limited (“SacOil” or the “Company”) Issue of Equity (‘AIM’) SacOil, the independent Pan-African upstream oil and Gas Company, announces that it has raised ZAR5, 000,000 by the issue of 11,111,112…

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DRC Presidential Ordinance

By editor | 17/01/2012 | Comments Off on DRC Presidential Ordinance

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”) DRC Presidential Ordinance granted in respect of Total’s 60% interest in SacOil’s Block III SacOil is pleased to announce that the Government of the Democratic Republic of Congo…

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Management Appointments and Further Cautionary Announcement

By editor | 10/01/2012 | Comments Off on Management Appointments 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: ZAE0000127460 (“SacOil” or “the Company” or “the Group”) SacOil appoints two senior managers to strengthen operational and new business teams andFurther Cautionary Announcement (JSE) SacOil, the African independent upstream oil and gas Company,…

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Issue of Shares for Cash to YA Global Masters Spv

By editor | 07/12/2011 | Comments Off on Issue of Shares for Cash to YA Global Masters Spv

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 SacOil shareholders (“Shareholders”) are advised that further to the general meeting of Shareholders which was held on Thursday, 17…

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finnCap Initiation of Coverage

By editor | 29/11/2011 | Comments Off on finnCap Initiation of Coverage

Initiation of coverage: A new African E&P on AIM

A portfolio of lower risk appraisal opportunities in Nigeria, and high impact exploration acreage in the Democratic Republic of the Congo (DRC) on trend with discoveries surrounding Lake Albert, provide an exciting platform for a new Africa-focused upstream company. An aggressive acquisition-led growth strategy should see the portfolio continue to grow rapidly as the company seeks to exploit its African identity and key relationships. Trading at 0.35x total NAV, this upside potential appears overlooked by the market despite its early track record in securing highly prospective acreage.

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SacOil to add value through exploration and appraisal, says Shore Capital

By editor | 28/11/2011 | Comments Off on SacOil to add value through exploration and appraisal, says Shore Capital

SacOil (LON:SAC) is expected to start moving its projects up the value chain with exploration and appraisal work in the Congo and Nigeria, according to Shore Capital analyst Craig Howie.

In a note to clients today the analyst points out thatSacOil has assembled a portfolio of assets in Nigeria and the Democratic Republic of Congo (DRC). He says a farm-out deal with Total is expected to kick-start activity on the high-impact Block III in the DRC.

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