We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sacoil | SAC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.825 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.825 | 0.825 |
| Top Posts |
|---|
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 27/1/2015 12:46 by kayfash Sac the next Afren?Looks at Afren's current share price.... Ermmmm |
Posted at 09/7/2014 11:10 by liquid millionaire Any further hint about these new "producing assets" for SAC would be much appreciated Bronislav! |
Posted at 08/7/2014 22:30 by bronislav Expecting sac to seek out a producing asset so will need more cash ,expect newsflow to get the share price up before money raising.If the cash is for a producing asset then no probs with more dilution.In my view. |
Posted at 08/7/2014 22:15 by liquid millionaire Really good to see that one of my favs SAC is absolutely flying again! |
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 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 |
Posted at 01/11/2012 12:08 by derektrade33 TIDMSACRNS Number : 0753Q Sacoil Holdings Limited 01 November 2012 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") Receipt of cash and settlement of indebtedness to Yorkville Issue of shares for cash SacOil, the African independent upstream oil and gas company, is pleased to announce it has received US$3.0 million from its Nigerian partner, Energy Equity Resources ("EER"). This represents a part repayment of the cash collateral contribution owed to SacOil by EER and will assist SacOil in settling its outstanding balances to YA Global Masters SPV Limited ("YA"). SacOil had borrowed US$3.4 million from YA to enable it to part fund the cash collateral of US$10 million required as part of the posting of the US$25 million Performance Bond (the "Bond") for OPL 233 announced on 17 April 2012. SacOil will now settle the remaining indebtedness to YA by making a cash payment of US$1.0m and issuing 35,072,412 new SacOil ordinary shares ("Shares") to YA at a price of R0.32 per Share (the "Issue"), raising R11.2 million (approximately US$1.2 million). The Issue is in line with the terms of a Standby Equity Distribution Agreement between YA and SacOil which was approved by SacOil shareholders in a general meeting on 17 November 2011. YA has placed in excess of 50% of the Shares from this issue at R0.32 to off market investors and has agreed to holding restrictions relating to the remaining shares held. Application will be made to the JSE Limited ("JSE") to grant a listing of the Shares and to the London Stock Exchange for the admission of the Shares to trade on the AIM Market ("AIM"). The listing of the Shares on the JSE and the admission of the Shares to trade on AIM are expected to take place on Tuesday, 13 November 2012. The Shares will rank pari passu in all respects with the Company's ordinary shares already in issue. SacOil's total issued share capital after the Issue will be 953,340,791 ordinary shares. 1 November 2012 ENDS JSE Sponsor Nedbank Capital For further information please contact: finnCap Limited (Nominated Adviser and Broker) +44 (0) 20 7220 0500 Matthew Robinson / Christopher Raggett FirstEnergy Capital (Joint Broker UK) Majid Shafiq Travis Inlow +44 (0) 20 7448 0200 GMP Securities Europe LLP (Joint Broker UK) James Pope Chris Beltgens +44 (0) 20 7647 2800 Keyter Rech Investor Solutions (SA) Vanessa Ingram Lynne Bothma +27 (0) 11 447 2993 Pelham Bell Pottinger (UK) Philip Dennis +44 (0) 20 7861 3919 Nick Lambert +44 (0) 20 7861 3936 Rollo Crichton-Stuart +44 (0) 20 7861 3918 This information is provided by RNS The company news service from the London Stock Exchange END |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
