Sacoil Share Discussion Threads

[rajaster] 18/10/2013 11:05

I like the air of positiveness from the company, total and DRC was the reason alot of us invested here, but it would be good to see what the company will do in nigeria, get some production on board and then add some strength from the kenya and malawi licences from a decent seismic programme. I'm waiting for that EER debt repayment or restructure news and if positive will add, you pay for what you know and it could mean a higher price but willing to allow it,

[bronislav] 18/10/2013 07:19

Well no doubt in my mind about me taking part in the rights issue.I intend to accumulate as many as I can and get them in an ISA .Great opportunity imo .Highly respected heavyweight board ,super assets,PIC involved and a rock bottom share price.Forget the past and look to where the board see this in a couple of years time.

[bronislav] 18/10/2013 00:29

Thank you edgein.

[edgein] 17/10/2013 21:53

This is the one that you're looking for:

hxxp://www.engineeringnews.co.za/article/sacoil-partners-with-total-in-the-drc-2013-10-17

Clearly states total to be drilling in early 2014. A little optimistic to suggest they've found 2.4bn bbls before they drill. :) But if they find that after seismic and a drilling and appraisal campaign I don't think anyone will compain. This article is just 12 hours old it seems and right up to date with the relisting information. No wonder its still trading strong on the JSE, 0.30 Rand is 1.95p at today's close.

Regards,
Ed

[bronislav] 17/10/2013 16:12

Has anyone got the link for sac and the possible well being drilled early 2014 in Congo.

[bronislav] 16/10/2013 13:18

That's better.!!

[bronislav] 15/10/2013 16:54

Over 19% up over on the JSE?looks like we might catch up tomorrow .Next news will be interesting.

[bronislav] 15/10/2013 16:29

We have the link karlz

[karlzberg] 15/10/2013 15:52

Pity we can't have the JSE chart in the header!

[bronislav] 15/10/2013 15:32

Up 15% on the JSE at .3o rand

[rajaster] 15/10/2013 15:11

0.27 rand to £ = 1.7p

[theshareguru] 15/10/2013 14:57

Can anyone confirm that rights issue is at 1.7p

[rajaster] 15/10/2013 12:45

Bronislav, lets see what happens, the current price is indeed top up territory however my own trading rules mean I wont be doing that, leave whats there for the long haul and see what happens, I will review again once the debt owed to us By EER is resolved.

[bronislav] 15/10/2013 12:01

Rajastar ....I am looking to the future ,if I wasn't I would sell out and move on.suspect we will get some news soon .People were predicting carnage and to be fair ,although its dropped it is not too bad in the grand scheme .Good time to top up in my very humble opinion.

[rajaster] 15/10/2013 10:09

market cap £9.8 million.. how much cash was injected, this is trading well below netassets and cash, current price offers a great entry for newcomers.

[rajaster] 15/10/2013 09:58

1.4p great day yep especially if your 50%+ down here.

[bronislav] 14/10/2013 17:26

Good day considering.

[swizz] 14/10/2013 07:49

SAC are back...........GL S
RNS Number : 3451Q

AIM

NOTICE

14/10/2013 07:30am

RESTORATION OF TRADING ON AIM

SACOIL HOLDINGS LIMITED

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 14/10/2013 07:30am, an announcement having been made.

Ordinary shares of no par value fully paid (B5M0552) (ZAE000127460)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7220 0500.

This information is provided by RNS

[bronislav] 11/10/2013 16:51

The holistic review is what will have been presented to secure interim funding so there must be enough in there to convince the money men.

[yorgi] 11/10/2013 16:12

No comment Unionhall :-)

[yorgi] 11/10/2013 16:06

Unless they have something very good to say before then I don't think we can expect much joy share price on Monday !

[mdchand] 11/10/2013 16:02

shares due to be relisted on the 14th October........see recent rns

[rajaster] 10/10/2013 13:21

it will come.. why the hurry.. not like the markets going anywhere. I assume the board is attempting to bring some other news before relisting like EER debt restructuring.