Corporate Update

By editor | 23/05/2011 | Comments Off on Corporate 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”) Corporate Update SacOil Holdings Limited, the independent Pan-African upstream oil and gas company, listed on both the JSE Limited (“JSE”) and the AIM market of the London…

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Dealings in Securities

By editor | 11/05/2011 | Comments Off on Dealings in Securities

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”) Dealings in Securities In compliance with paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE Limited (“JSE”), and pursuant to the admission of SacOil to…

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Appointment of new Directors

By editor | 11/04/2011 | Comments Off on Appointment of new Directors

SACOIL HOLDINGS LIMITED (Formerly SA Mineral Resources Corporation Limited) (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) Share code: SCL and ISIN: ZAE000127460 (“SacOil”) Appointment of new Directors The board of directors of SacOil Holdings Limited (“the Board”) is pleased to announce the appointment of, Mr John William Sharp Bentley and Mr James…

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SacOil completes satisfaction of conditions precedent for transaction with Total E&P RDC and Results of General Meeting

By editor | 31/03/2011 | Comments Off on SacOil completes satisfaction of conditions precedent for transaction with Total E&P RDC and Results of General Meeting

SACOIL HOLDINGS LIMITED (Formerly SA Mineral Resources Corporation Limited) (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) Share code: SCL and ISIN: ZAE000127460 (“SacOil”) SacOil completes satisfaction of conditions precedent for transaction with Total E&P RDC (“Total”) and Results of General Meeting Further to previous announcements, the last of which was made on…

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Circular to Shareholders

By editor | 16/03/2011 | Comments Off on Circular to Shareholders

Circular to SacOil Shareholders regarding:

  • the proposed transfer by Semliki, a 50 per cent subsidiary of SacOil, of the Block 3 Interest to Total;
  • the proposed specific issue of SacOil Ordinary Shares to the executive directors of SacOil in the event that the Bonuses are settled in whole or in part through the issue of SacOil Ordinary Shares;
  • the proposed specific issue of SacOil Ordinary Shares to Renaissance, in the event of Renaissance electing to convert any amount repaid by SacOil under the Facility into SacOil Ordinary Shares;
  • the proposed specific issue of 796 577 SacOil Ordinary Shares at an issue price of R2.16 per SacOil Ordinary Share to Renaissance in part settlement of the fee due to Renaissance for advisory services rendered in respect of the Transfer;
  • the proposed grant of Call Options to Renaissance in terms of the Call Option Confirmations, which grant shall constitute a specific issue of options for cash by SacOil; and
  • the approval of the Encha Memorandum of Agreement and a specific issue of SacOil Ordinary Shares to Encha, a related party, in the event of SacOil electing to settle any remuneration due to Encha in terms of the Encha Memorandum of Agreement through the issue of SacOil Ordinary Shares;
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Update on TOTAL Transaction

By editor | 14/03/2011 | Comments Off on Update on TOTAL Transaction

SACOIL HOLDINGS LIMITED (Formerly SA Mineral Resources Corporation Limited) (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) Share code: SCL and ISIN: ZAE000127460 (“SacOil”) Update on TOTAL Transaction SacOil shareholders are advised that the transaction with Total relating to Block 3, Albertine Graben, in the DRC (“Block 3) as announced on 4 March…

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Further Announcement in Relation to Proposed Admission

By editor | 09/03/2011 | Comments Off on Further Announcement in Relation to Proposed Admission

SACOIL HOLDINGS LIMITED (Formerly SA Mineral Resources Corporation Limited) (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) Share code: SCL and ISIN: ZAE000127460 (“SacOil”) Further Announcement in Relation to Proposed Admission Further announcement in relation to proposed admission to trading on the AIM Market of the London Stock Exchange (“AIM”) With reference to…

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Media Briefing

By editor | 08/03/2011 | Comments Off on Media Briefing

Africa will likely pass North America and become the 3rd largest oil producer, after the Middle East and Central/Eastern Europe. (PwC) Africa will account for 20% of world oil and gas production in 2020. Hence the recent scramble Background for Africa’s oil and gas real estate. Recent discoveries of oil and gas reserves in Uganda and Ghana, will likely lead to a flurry of exploration activity in Africa South Africa has declining gas resources and no proven hydro carbons.

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SacOil Annual Report 2011

By editor | 28/02/2011 | Comments Off on SacOil Annual Report 2011

SacOil Holdings is a dual listed company, on the main board of the JSE and on the AIM market of the LSE. SacOil’s vision is to become a leading independent African upstream oil and gas business with a balanced portfolio of assets. The Company currently has interests and prospective interests in oilfi elds in Nigeria and the DRC and a non-core manganese plant in South Africa. SacOil focuses on opportunities within proven hydrocarbon basins, across the Exploration & Production spectrum from appraisal to near term production through to potentially “High Impact” exploration prospects.

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