Sacoil Forum

DRC, Block III; Total launches seismic survey [link]

Sacoil reports on progress at Lagia oil field - share price responded accordingly

[link] "US group Anadarko Petroleum has agreed with the government of Mozambique to supply the domestic market with natural gas to be extracted in the Rovuma basin, the group said in a statement issued Thursday in Houston, Texas." This agreement should add value to SacOil's pipeline project to distribute gas from the Rovuma basin. Agreements like this makes the project all the more viable since other distribution methods are way more costly.

RNS Interims are out: [link]

Speculative nature of this share is now behind it. SP should start to find value going forward.

Integrated Annual Report - good read: [link]

I wonder how the second phase of the Lagia Oil field is progressing to up the production to 1000 barrels per day?

Director Bradley Cerff purchased 400 000 shares...interesting

"The restructuring of the group's portfolio of assets and the resolution of legacy issues has positioned the group to pursue more opportunities on the African continent. In the execution of our revised strategy we will be adding more cash-generative assets, advancing our exploration assets and progressing studies in Mozambique. We intend to progress the development of the Lagia Oil Field and increase production to more than 1,000 barrels per day. Management will continue to focus on risk management across our portfolio," it said in a statement.

Sacoil Holdings Limited with EPIC LON:SAC has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘CORPORATE’ this morning by analysts at finnCap. Sacoil Holdings Limited are listed in the Oil & Gas sector within AIM. finnCap have set a target price of 5 GBX on its stock. This indicates the analyst believes there is a potential upside of 262.3% from today’s opening price of 1.38 GBX. Sacoil Holdings Limited has a 1 year high share price of 3.7 GBX while the year low stock price is currently 1 GBX.