Michelle's Posts

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10:11 12/04/2017

This is from an e-mail reply I received from them when I enquired re. delisting: "The proposed de-listing is still subject to a shareholders vote, after which your shares may be transferred to the Johannesburg Stock Exchange (JSE). The relevant information will be set out in a circular to shareholders in due course. This will include detailed steps of the processes involved and the options at your disposal."

15:24 12/12/2016

[link] What does this mean for us? How long before trading can commence again

11:16 25/06/2016

On sac website: investor roadshow pres. [link]

11:29 07/03/2016

First Energy releases new company update on sacoil. Outperform rating achieved. [link]

15:05 02/03/2016

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]

09:00 10/12/2015

[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.

09:51 26/09/2014

Finally, the world is waking up to SAC. This makes SAC /SCL stock hotter than the Alibaba IPO.

11:42 19/09/2014

www.sacoilholdings.com/investor-relations/media-coverage/lagia-oil-field-in-the-news/?id=81

11:33 19/09/2014

Found via Twitter: They've compiled a nice collection of past media stories on Lagia. This should certainly help to give investors a better view of the field's potential. I'm struggling to post the link.

15:06 10/09/2014

The share price should get a good kick now.

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