block 1 licence renewal finnCap's note from this morning: "SacOil has confirmed that it has received an eight-month renewal of the Block 1 licence in Malawi, which now runs out to 12th August 2017. The company is finalising the environmental and social impact assessments for this block and continuing with its analysis of the gravity and magnetic data over the licence, which has yielded positive results. A positive update today and continues to highlight the companys progress on the exploration side of its portfolio." taken from researchtree
finnCap's note from this morning: "SacOil has confirmed that it has received an eight-month renewal of the Block 1 licence in Malawi, which now runs out to 12th August 2017. The company is finalising the environmental and social impact assessments for this block and continuing with its analysis of the gravity and magnetic data over the licence, which has yielded positive results. A positive update today and continues to highlight the company’s progress on the exploration side of its portfolio." taken from researchtree
SacOil and EER sign MoU to explore oil and gas in Nigeria. [link]
Award of Crude Allocation by the NNPC [link]
First Energy releases new company update on sacoil. Outperform rating achieved. [link]
Good News: Completion Of Phase 2 Development Programme - Lagia Oil Field. 1000 barrels p/day target reached and light oil discovered. As I understand, light oil is easier and cheaper to extract, and fetches higher prices [link]
Cooperation Agreement concluded with new partners and the China Petroleum Pipeline Bureau for the construction of the African Renaissance Gas Pipeline in Mozambique [link]
Reorganisation of Interests in Block III, Democratic Republic of Congo [link]
DRC, Block III; Total launches seismic survey [link]
Sacoil news regarding Lagia 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]
25k worth at 2pence that's quite a strong move from someone