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Trading Statement for six months ended 31 August 2010
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”) Trading Statement for six months ended 31 August 2010 In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as…
Read MoreChange to the Board of 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”) Change to the Board of Directors In compliance with section 3.59 of the Listing Requirements of the JSE Limited, the Board of Directors of SacOil (“Board”) are pleased to…
Read MoreSacOil Plans Secondary Listing on AIM Next Year
JSE-listed SacOil on Tuesday announced that it would pursue a secondary listing on Aim in the first quarter of 2011, to attract additional foreign investment.
SacOil CEO Robin Vela told Engineering News Online that the upstream oil and gas company has embarked on an “aggressive” acquisition drive and that listing on Aim would provide it with further financial capacity to realise its growth ambitions.
Read MoreSacOil Unveils Plans to Become an Oil Producer
SacOil Unveils Plans to Become an Oil Producer South African oil and gas company Sacoil has taken the first step in transforming from an exploration entity to an oilproducer by inking in a joint-venture (JV) agreement with Nigerian oil firm Energy Equity Resources. Sacoil CEO Robin Vela made it clear at a media briefing in…
Read MoreEntry into unincorporated JV with EER and update in Farmout agreement in respect of the Chaal Gas Permit
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”) Entry into unincorporated JV with EER and update in Farmout agreement in respect of the Chaal Gas Permit Highlights Strategic focus on production and near production oil and gas…
Read MoreCommencement of exploration work programme on Block 3 of the Albertine Basin, Lake Albertine in the DRC
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”) Commencement of exploration work programme on Block 3 of the Albertine Basin, Lake Albertine in the DRC SacOil, the Pan African independent upstream oil and Gas Company, is pleased…
Read MoreLegal action taken against SacOil
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”) Legal action taken against SacOil SacOil shareholders (“Shareholders”) are referred to the previous announcement published on SENS on 15 September 2010 (“the Announcement”) in which Shareholders were advised that…
Read MoreResults of general meeting and general issues of shares for cash
Results of general meeting and general issues of shares for cash SacOil shareholders (“Shareholders”) are advised that a general meeting was held on Monday, 20 September 2010 to consider the ordinary resolutions relating to: the restructuring of SacOil`s investment in oil concession rights pertaining to Block 3 and Block 1, Albertine Graben, Democratic Republic of…
Read MoreVexatious action taken against SacOil
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”) Vexatious action taken against SacOil Vexatious actions taken against SacOil Shareholders are advised that the company has been cited as defendant in an action instituted by one Joseph Gadifele…
Read MoreCircular to Shareholders
Circular to Shareholders regarding:
- the restructuring of SacOil’s proposed investment in the Block 3 Rights and the Block 1 Rights including the proposed acquisition by SacOil of 50 per cent of the entire issued share capital of, and all claims of the SacOil (Proprietary) Limited Vendors against, SacOil (Proprietary) Limited which is a related party transaction;
- the proposed acquisition by SacOil of a 55 per cent Participating Interest in the Chaal Gas Exploration Permit Area in Tunisia;
- the proposed Specific Issue to Metropolitan Asset Managers, a related party, of 46 000 000 Ordinary Shares for cash at 50 cents per Ordinary Share ;
- the ratification of the Specific Issue to GVM, a related party, of 8 343 216 Ordinary Shares for cash at 30 cents per Ordinary Share;
- approval of the Lonsa Corporate Finance Advisory Mandates which are related party transactions; and
- amendments to the current Share Option Scheme.