Sacoil Share Discussion Threads

[cliveas] 11/12/2013 10:54

He bought 1.2m on 22/11 as well.

[bam bam rubble] 10/12/2013 14:55

£1,350 director buy is on the small side.

[cliveas] 10/12/2013 13:15

Director buy :

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 securities by a director, is disclosed:

Director:
Steve Muller
Transaction date:
10 December 2013
Number of shares:
100 000
Price per share:
23 cents
Transaction value:
R 23 000


Nature of transaction:
Purchase of shares on the open market
Extent of interest:
Direct beneficial
Written clearance obtained:
Yes

[cliveas] 06/12/2013 11:06

Any Volume and this will fly!

Only one MM on 1.5

Rest on 1.85.

L2 3 v 1

[cliveas] 05/12/2013 13:48

Hard to buy!

Had to go to NG trade! but my buy at 1.395 ticked the ask up to 1.45!

MM are short imo.

All slowly coming together.

[cliveas] 05/12/2013 13:22

Yep piece by piece this is getting sorted

[bronislav] 05/12/2013 07:38

Withdrawal of cautionary.

[rajaster] 26/11/2013 09:24

still dropping, new lows.

[cliveas] 23/11/2013 13:53

For the chartists ;

22-Nov-13 1.7
▲ Fri SAC London
22-Nov-13 1.7 Bull Chikou Span Cross Strong
" " Bull Kumo Breakout
" " Bull Kijun Sen Cross Weak
29-Oct-13 1.6 Bear Tenkan/Kijun Cross Strong
" " Bear Senkou Span Cross

[cliveas] 23/11/2013 12:58

Nice 20k director buy! Signal as to where the share price is going!

In terms of paragraph 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealings in the securities by a director, is disclosed:

Director:
Steve Muller
Transaction date:
22 November 2013
Number of shares:
1 200 000
Price per share
27 cents
Deemed transaction value:
R 324 000


Nature of transactions:
Purchase of shares on the open market
Extent of interest:
Direct beneficial
Written clearance obtained:
Yes

[hurricane fly] 22/11/2013 18:53

Nice one director....I reckon the patient will be rewarded here.

[bl0] 22/11/2013 16:20

Director buying in open market.

[hurricane fly] 21/11/2013 07:12

Rns number..3438E......Botswana license approval.

[cliveas] 20/11/2013 23:12

Chart = kumo Breakout!

Large volume on JSE and up equivalent 1.75p

Results 22/11 GL ATB

[bl0] 20/11/2013 16:41

Hmmmm, decent volume on jse as we'll.

[zengas] 20/11/2013 14:26

Just out of curiosity - when did they get the 3 Botswana licences ? 123, 124 & 125.

I never saw those RNSd anywhere or on the books before the 8/11/2013 announcement.

[bl0] 20/11/2013 14:19

Interesting rns??

[rajaster] 08/11/2013 10:11

quarteryly update RNS:

[swinging_dick] 29/10/2013 19:06

Suggest you guys consider getting your money back by buying into MAGP
Look at the chart (say no more).

[bronislav] 27/10/2013 14:50

With the EER and Brady tie up rumoured to be very very close ,I wonder if debt settlement with EER has also been resolved .Could be an interesting few weeks ahead.

[bronislav] 23/10/2013 11:08

I believe test well in early 2014..DRC.

[bushman1] 23/10/2013 10:29

well spotted ! what we need now, is a direction from ToTal as to when they will begin Explo. activities on Block 111.

DRC - Block III ( Working Interest 12.5% )

After the successful farm out deal to ToTal, SacOil is fully carried through to commercial development on Block III which has target prospective resources of 513 million barrels. ToTal has paid $7.5m net cash, and a $54m contingent bonus payment to the company and the project can now be fastracked ahead of earlier estimates. Analyst notes suggest the DRC assets are on trends with recent discoveries in the Lake Albert Basin.

[rajaster] 22/10/2013 16:05

surprised no ones picked up on this:


KAMPALA, Uganda--France-based Total SA (TOT) Tuesday said it had resumed oil exploration activities in northern Uganda, a month after suspending operations in the hitherto war-ravaged region following the discovery of unexploded ammunition.

Ugandan troops have declared Total's block 1 in the oil-rich Lake Albertine rift basin 80% free of unexploded ammunition, allowing the oil company to resume operations "immediately," Total Uganda spokeswoman Ahlem Friga Noy said.

"Seismic activities have immediately resumed in this area, leading to a partial lifting of the force majeure," Ms. Friga-Noy said.

"Only a limited zone remains to be cleared. The risk assessment is still ongoing in this residual part and the operations in this area will resume as soon as it is declared safe by the relevant authorities."

Total, which jointly owns the block with the U.K.'s Tullow Oil PLC (TLW.LN) and China's Cnooc Ltd. (0883.HK), suspended operations in September after company workers discovered the ammunition at two separate locations on the northern side of River Nile.

The block is located in Northern Uganda, which is recovering from a two-decade insurgency, orchestrated by rebels of the Lords Resistance Army, led by fugitive war lord, Joseph Kony.

Lieutenant Isaac Oware, the Ugandan military spokesman in the region, said the Ugandan military is conducting a mop-up operation to clear the area of the unexploded ammunition.

"The area is not entirely safe but most of it has been cleared" Lt. Oware said.

Mr. Kony and his rebels fled a Ugandan military offensive in 2006, into the Democratic Republic of Congo and later the Central African Republic.

The three companies are developing the country's oil fields, which are estimated to contain as much as 3.5 billion barrels of crude. Company officials say that up to $12 billion is expected to be pumped into the development of the oil fields by 2017.

[karlzberg] 21/10/2013 08:36

From the 23/09/13 RNS - "the directors will now finalise their holistic review of the Company during the course of the next seven days." ... they must have a lot to review... hopefully!