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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sacoil | LSE:SAC | London | Ordinary Share | ZAE000127460 | ORD SHS NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.825 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.825 | GBX |
Sacoil (SAC) Share Charts1 Year Sacoil Chart |
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1 Month Sacoil Chart |
Intraday Sacoil Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/6/2016 | 09:55 | SacOil - The next Afren ? | 2,772 |
| 01/2/2013 | 12:31 | SacOil Holdings Limited: DRC(Block III) & Nigera(Block OPL 281) | 297 |
| 15/1/2013 | 17:54 | SacOil : DRC and Nigerian oil company | 29 |
| 16/4/2012 | 20:57 | Sacoil - The road back to 20p | 24 |
| 27/12/2011 | 17:18 | SacOil - The Investors Thread | 21 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 18/12/2015 10:25 by jane downs 9 minutes ago | By Zak MirZak Mir's Bulletin Board Heroes: Independent Oil & Gas, InternetQ, Iofina, Independent Resources, Proxama, Sacoil Featuring shares in Independent Oil & Gas (IOG), InternetQ (INTQ), Iofina (IOF), Independent Resources (IRG), Proxama (PROX) and Sacoil (SAC) with share oprice targets set for all six stocks. |
Posted at 17/12/2015 09:26 by liquid millionaire Post that oil find SAC are moving nicely forwards! |
Posted at 15/12/2015 15:45 by liquid millionaire 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 the drilling of the Lagia 11, Lagia 15 and Lagia 16 wells, which forms part of the Phase 2 field development operations at its 100% owned Lagia oil field in Sinai, onshore Egypt. As reported previously, the Lagia 11, Lagia 15 and Lagia 16 wells are part of a five well drilling campaign aimed at increasing and optimising production. The remaining wells to be drilled are Lagia 12 and 13, which will target the Nukhul formation. SacOil is pleased to announce that Lagia 11 was drilled to a depth of 1,434 ft below drill floor and encountered approximately 213 ft of gross oil bearing Nukhul formation. The well was placed in production and is producing oil with a gravity of 13 degrees API. Lagia 15, the second well in the programme, was drilled to a depth of 1,820 ft below drill floor. The well intersected the Nukhul formation as well the Thebes formation and discovered producible oil in both formations. Preliminary results indicate that the discovery in the Thebes formation is of a higher API gravity as compared to the oil produced from the Nukhul formation in this field. Preliminary results also indicate that the API gravity of the Thebes is above 24 API gravity. Further analysis of the Thebes discovery will be concluded before Lagia 15 is placed in production. Lagia 16, the third well in the programme was drilled to a depth of 1,430 ft below drill floor and encountered 213 ft of gross oil bearing and potentially productive Nukhul formation and the well will be placed in production. The oil intersected in Lagia 16 is expected to have similar API gravity to the main producing Nukhul formation. SacOil is now monitoring each of these wells and evaluating the potential of applying stimulation techniques with a view to optimising flow rates and achieving stabilised flow rates and production profile for the Lagia Block. Further announcements will be made in this regard in due course. Dr Thabo Kgogo, Chief Executive Officer of SacOil, commented, "The discovery of a light oil in the Thebes formation is very significant for the Lagia assets and for SacOil as a company. This discovery should add to the field reserves and may add to production from the Lagia field in the future. The focus for our technical team now is to further evaluate these well results to establish a better understanding of the potential stabilised production rates from each well and the field as a whole. We are certainly pleased with these initial results and look forward to the commencement of our Lagia 12 and 13 wells. We remain on track to deliver on our previously stated production milestone of 1,000 bopd by our financial year end" More details on the results of the drilling, as well as progress on the current operations, will be announced in due course, as operations progress. |
Posted at 16/10/2015 20:59 by bronislav Gairloch now gone is a good development ...the equivalent price in South Africa is 2.47p. |
Posted at 27/1/2015 12:46 by kayfash Sac the next Afren?Looks at Afren's current share price.... Ermmmm |
Posted at 12/2/2014 15:15 by liquid millionaire TOPINFO 12 Feb'14 - 13:33 - 383897 of 383949 1 1LM great call SAC mate. Thanks TOPINFO but imo still early days for the share price rise of SAC Well over 10M SAC traded so far today in SA alone. They know something over there and can not get enough SAC! Rumours appear to be around the super MAJOR namely TOTAL TAKE OVER talk but more likely imo is a drilling campaign with TOTAL which would obviously be really great for SAC! My share price target for SAC is 10p+ |
Posted at 28/1/2014 09:00 by liquid millionaire Basically panamabob2 the SAC share price on the AIM in London should be well north of 2p to equate with what is currently occuring on the JSE in SA |
Posted at 28/1/2014 08:10 by liquid millionaire Couple of quick questions if i may Bronislav. Firstly where do you get the JSE share prices for the likes of SAC? Secondly if SAC are trading at 40 rand how do you calculate the share price back in to pence? |
Posted at 11/12/2013 16:19 by cliveas RNS basically underwrites rights issue at 1.6p a share :The Directors of SacOil are pleased to announce, in accordance with Rule 13 of the AIM Rules, that the Company has entered into an agreement with the Public Investment Corporation (SOC) Limited ("the PIC") dated 3 December 2013 in terms of which the PIC has agreed to advance funding to the Company in the form of a convertible bridge loan facility (the "Convertible Bridge Loan") of US$20.5m to fulfil the Group's financing obligations relating to its assets, in advance of the Specific Issue and the receipt of funds from the Rights Offer ("the Transactions") (as detailed in the announcement dated 12 September 2013). The Convertible Bridge Loan is advanced to SacOil at a rate of interest linked to the 3 month Johannesburg Interbank Agreed Rate and is repayable by 31 January 2014 ("the Repayment Date"). It is anticipated that the repayment of this Convertible Bridge Loan will be through the issue of sufficient number of Rights Offer Shares to the PIC at R0.27 per SacOil share. Shareholders are reminded of the PIC's undertaking to support the Rights Offer to the extent of R329,211,713. To the extent that the Transactions are not implemented by the Company prior to the Repayment Date, then the Convertible Bridge Loan shall be settled by the issue of new shares in the Company, sufficient in number, at a price of R0.27 per SacOil share to enable the conversion of the Convertible Bridge Loan into shares in the Company ("the Bridge Loan Shares"). The issuance of the Bridge Loan Shares shall be subject to the passing of a special resolution, at a general meeting of shareholders on or before 14 March 2014, authorising such issuance. By virtue of the PIC being a substantial shareholder (16.59%) in the Company, the Convertible Bridge Loan constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules. The directors of SacOil consider, having consulted with finnCap Limited (the Company's nominated advisor), that the terms of the Convertible Bridge Loan are fair and reasonable insofar as the Company's shareholders are concerned. 11 December 2013 |
Posted at 22/4/2013 13:34 by rajaster 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 Group") Appointment of Independent Non-Executive Chairman and Independent Non-Executive Director SacOil, the African independent upstream oil and gas company, is pleased to announce the appointment of Mr Tito Titus Mboweni as independent non-executive chairman and Ambassador Mzuvukile Jeff Maqetuka as independent non-executive director of SacOil with effect from 1 June 2013. Mr Mboweni is the immediate past Governor of the South African Reserve Bank, a former Minister of Labour in the Republic of South Africa in past President Nelson Mandela's cabinet and one of the World Economic Forum's Global Leaders of Tomorrow. Mr Mboweni is also the independent non-executive chairman of AngloGold Ashanti Limited, the non-executive chairman of Nampak Limited, and an international advisor to Goldman Sachs International. Furthermore he is a Trustee and Chairman of the Fundraising Committee of the Nelson Mandela Children's Hospital, and a Trustee and a member of the Thabo Mbeki Foundation. Ambassador Maqetuka has more than 17 years' experience in Intelligence Services and International Relations. He has occupied high ranking positions in the various Intelligence Services of the Republic of South Africa, culminating in his appointment as the Director General of the State Security Department with the with over all responsibility to coordinate and supervise the work of both internal and external intelligent agencies. He has also held high ranking positions in International Relations-focused functions of various departments of the Government of the Republic of South Africa, resulting in his secondment as South Africa's Ambassador to the People's Democratic Republic of Algeria. In the private sector Ambassador Maqetuka serves as a non-executive director of the Eastern Cape Development Corporation, and has served as an advisor to Boards of several companies. The appointments of Mr Mboweni and Ambassador Maqetuka are part of SacOil's efforts to restructure its team, and bring on board capabilities that will enable it to unlock the value in its underlying assets, as well as to secure new oil and gas acreage across the African continent. Commenting, Robin Vela, CEO of SacOil, said: "SacOil is humbled to have acceptances to join its board from pre-eminent South Africans such as Mr Mboweni and Ambassador Maqetuka. Their addition to the board will not only transform the SacOil board but add heavy weight individuals with experience and leadership roles in corporate South Africa but also in international relations across the African continent". Mr Mboweni remarked about his appointment to the board of directors of SacOil: "I am delighted to join the board of SacOil. It has always been my wish to be part of efforts that harness Africa's resources. The oil and gas business is one avenue through which Africa's resources can be restored to her people. I look forward to working with my new colleagues in building SacOil into a giant enterprise in the quest for Africa's development." Further information required to be disclosed by the AIM Rules will be provided prior to the effective date of appointment. 22 April 2013 ENDS |
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