Rising steadily Not sure what's driving this but this share has risen by double digit % over recent days... anyone still here?
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.
Sacoil out of OPL 233 as well.
Oil price has risen the last two months. Sasol SP has slowly risen over 90 days. I think Sacoil will follow suit with their SP. I am watching closely. Gerald
I wonder if the company will "park" some of the cash in it's own shares?
There is still a big seller liquidating its position. Once he(they) are out the share price should re-value.
Two good things happened. 1. A needed cash injection which will be used towards other cash generating assets. 2. Future cash flow from OML133.
Top Riser? Where are you all?Looks likes todays rise could start the change in trend here.Volume looks a bit low to me.Interested in others views.
Some activity on JSE I see some positive activity on the JSE. Maybe the rationalization of the portfolio is drawing to an end. Hope we receive some good news soon. GLA
The price of Organisation of Petroleum Exporting Countries, OPEC basket of 12 crudes stood at $55.97 per barrel, compared with $52.86 over the weekend, according to OPEC Secretariat calculations