Oil Gas Africa: SacOil Reports Exciting Drilling Results

In September of this year, SacOil announced the phase 2 kick-off of an intensive development programme of their Lagia Oil Field in Egypt. In addition to the installation of steam facilities to enhance production from the existing production wells, plans included the drilling at least five additional thermal wells to further increase production from the…

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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”) RESULTS OF DRILLING PROGRAMME- LAGIA OIL FIELD SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce an update on…

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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”) DEALING IN SECURITIES BY A DIRECTOR In terms of paragraph 3.63 – 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the…

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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” or together with its subsidiaries “the Group”) REVIEWED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2015 Key highlights: Refund of $10 million on expiry of the OPL 233…

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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” or together with its subsidiaries “the Group”) REVIEWED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2015 Key highlights: Refund of $10 million on expiry of the OPL 233…

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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”) COMMENCEMENT OF DRILLING OPERATIONS AND PROGRESS OF STEAM INJECTION – LAGIA OIL FIELD SacOil, through its subsidiary Mena International Petroleum Company Limited (“Mena”), is pleased to announce it…

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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”) UPDATE ON THE TERMINATION PROCESS RELATED TO OIL PROSPECTING LICENCE 281 As previously announced to shareholders on 1 April 2015, SacOil terminated its participation with Transnational Corporation of…

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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” or “the Group”) TRADING STATEMENT In compliance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement…

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SacOil Holdings Limited announces that today, it signed a Memorandum of Understanding (“MOU”) with the Ministry of Mines, Industries and Energy of Equatorial Guinea, Taleveras Exploration and Production DMCC, Gunvor Group and the Strategic Fuel Fund Association (“the Parties”) to conduct a detailed evaluation for the development of the Bioko Oil Terminal tank farm in Equatorial Guinea (“the Project”). The effective date of the MOU is 30 October 2015.

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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”) LICENCE EXTENSION FOR BLOCK III, ALBERTINE GRABEN, DEMOCRATIC REPUBLIC OF CONGO Following application to the Ministry of Hydrocarbons of the Democratic Republic of Congo (“DRC”), the joint venture…

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