Sacoil Share Discussion Threads

[badday] 05/12/2012 06:41

Not tempted to pay €15.00 for the extra word though!

[gpmh1] 05/12/2012 01:33

Now you don't :)

[freedosh] 05/12/2012 00:02

Great, I have a link there

[gpmh1] 04/12/2012 15:49

4th Dec (Africa Intelligence)

CONGO-K
BGP

The affiliate of the China National Petroleum Corp (CNPC) for geophysics operations, BGP, is well placed to win a seismic contract for block 3 operated by Total alongside South Africa's Sacoil and Dig Oil in the east of Democratic Republic of Congo. (...)

Regards,
Gpmh1

[freedosh] 01/12/2012 13:15

Unless they plan a wildcat, as I previously suggested.

[bronislav] 01/12/2012 13:12

The issue over drilling Congo is a little unclear .In the company website it states that it will be the 3 rd quarter but under the headlining Congo in 2013 it states the first quarter.Mindfulof the fact we still haven't shot 2D seismic perhaps Q1 is over optimistic.Third quarter would be fine for me.huge potential.

[vivgav] 01/12/2012 13:11

I agree time to accumulate SAC

[gpmh1] 01/12/2012 13:10

Bronislav,

I am sorry to inform you that is NOT the latest from Vela, that article is from last year when he thought Sacoil would drill at the start of 2013. They haven't even done the seismic yet!!!

Regards,
Gpmh1

[freedosh] 01/12/2012 13:06

Well I didn't see it until yesterday after hours and I expect many have not seen it yet. I made another substantial purchase yesterday and that buy has still not yet shown.
We will also enter Mozambique soon. I tried to work out Vela's accent from that old interview. Clearly a well educated guy. From his name I suspect his family is from Mozambique.

[vivgav] 01/12/2012 13:00

freedosh. That was out early yesterday. No SOAR yesterday!

[bronislav] 01/12/2012 12:59

Gpmh1.if you read the latest from vela he states we could be drilling by first quarter of next year.Drilling Congo.!

[gpmh1] 01/12/2012 12:53

gpmh1 18 Oct'12 - 21:23 - 1695 of 1913 0 0 edit

maxakoff,

I think the timing of the disposal of Sacoils non-core Greenhills Plant speaks volumes...and I would hazard a guess some corporate activity soon or indeed over the next couple of months. IMHO.

Regards,
Gpmh1

[gpmh1] 01/12/2012 12:51

Did you guys even read the latest presentation? The 2013 schedule states that the first well in Block 3 DRC will spud in Q3 of next year...and the first well in Nigeria will spud at around the same time.

Have a feeling Sacoil will be part of a bigger concern by then...ie, sale/ takeover/reverse takeover or merger with another African focused O&G company.

30th November 2012 (AGM Presentation)

"Strategic need to 'bulk up' is recognised and being evaluated by the board – institutional investors now looking at minimum size investments in medium sized entities with materiality. Strategic review underway with all options being considered".



Regards,
Gpmh1

[freedosh] 01/12/2012 12:50

Q1 2013 drilling Block III. See website

[bronislav] 01/12/2012 12:38

Viv.Be suprised if it soars on Monday but you never know.The next news on Nigeria and announcment of a drill date in Congo is the one.

[vivgav] 01/12/2012 12:22

FREEDOSH Why do you expect it to SOAR on that news???

[bronislav] 01/12/2012 07:32

Congo .drilling could start in the first quarter of next .Not sure of duration of drill but if they can prove up the 3 billion barrels of oil sac would have no problem raising cash and what would that amount of oil do for the share price Not sure if total is one of the supermajors involved with vialogy but their tech could pretty guarantee finding the oil if it is there.We could also have news from Nigeria so all in all 2013 could be a good year for sac.

[guidfarr] 01/12/2012 00:03

For those interested Spread Betting Magazine December edition is now online - it includes an interesting feature covering the major stock market crashes of the last 100 years

[maxakoff] 30/11/2012 23:10

I see the haters getting more desperate. This company has fantastic assets and is one of the most bombed out oil & gas stocks. If they start making progress on any of their assets the share price could be multiples of what it is today. Aimho, nai.

[bronislav] 30/11/2012 20:18

Wonder if rencap took up the option.

[liquid millionaire] 30/11/2012 18:00

The DRC is a massive country though basically larger than the whole of western europe put together. So fighting in one part of the country would most probably have no effect on the drilling of an oil well in another part of the country.

[swinging_dick] 30/11/2012 17:35

"Sacoil-to-explore-congo-in-2013"

Shame they're in the middle of a civil war at the moment.