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…
Read MorefinnCap 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.
Read MoreSacOil 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.
Read MoreSacOil shares have potential for re-rating
Edison Investment Research sees potential for SacOil Holdings’ (LON: SAC, JSE: SCL) stock to re-rate upon further announcements on operating success in Nigeria or the democratic Republic of Congo.
The research house said in a note that the shares trade at a substantial discount to its core net asst value of 19 pence for SacOil. The stock currently stands at 4 pence.
Read MoreFurther Cautionary Announcement
SACOIL HOLDINGS LIMITED(Incorporated in the Republic of South Africa)(Registration number 1993/000460/06)JSE share code: SCL AIM share code: SACISIN: ZAE000127460(“SacOil” or “the Group”) FURTHER CAUTIONARY ANNOUNCEMENT In compliance with JSE Limited (“JSE”) Listings Requirement 3.9 and with reference to the further cautionary announcement published on Thursday, 13 October 2011 on the Stock Exchange News Service of…
Read MoreResults of General Meeting and Results of AGM
SACOIL HOLDINGS LIMITED(Incorporated in the Republic of South Africa)(Registration number 1993/000460/06)JSE share code: SCL AIM share code: SACISIN: ZAE000127460(“SacOil” or the “Company”) RESULTS OF GENERAL MEETINGANDRESULTS OF ANNUAL GENERAL MEETING 1. Results of General Meeting Shareholders of SacOil (“Shareholders”) are referred to the circular to shareholders dated 24 October 2011 relating to the following: A…
Read MoreGECR Research Report
African oil play with a promise of early production
Dual-listed SacOil is an independent African upstream oil and gas business. The company offers investors the promise of early production and cash flow as well as the chance to add substantial value by moving opportunities up the value chain. The recently announced interim results served to remind the market of the African oil play’s impressive portfolio. The focus of attention over the past six months has been on the blue sky opportunity in Block III in the highly prospective Albertine Basin the Democratic Republic of Congo (DRC) which has been neatly de-risked following a farm-in by Total.
Read MoreSacOil interim results follow up 16 November 2011
http://youtu.be/-xC54C3vfsg
Read MoreHalf 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 More