not a bad deal...? that is an understatement of note. I'm certainly glad theyre officially pumping oil now.
Hopefully we'll have lots of positives at the AGM
Picked up on Linkedin: Reminder of AGM Registration: The Annual General Meeting of shareholders of the Company will be held on Friday, 12 September 2014 at 10
0 at 2nd Floor, The Gabba, Dimension Data Campus, 57 Sloane Street, Bryanston, to deal with such business as may lawfully be dealt with at the Annual General Meeting as set out in the agenda. The record date on which members must be recorded as such in the register maintained by the transfer secretaries of the Company for the purpose of being entitled to attend and vote at the Annual General Meeting is Friday, 5 September 2014.
Did the Chair jump the gun? Or perhaps they are "seeking to acquire an asset producing more than 5000 bpd' in a different country. Lol. I dont trust that Tito would just make such a statement randomly. There must still be something behind this.
Appointment of Executive Director SacOil is pleased to announce the formal appointment of Mr Bradley Robert Cerff as an Executive Director of the Company with immediate effect. Bradley joined SacOil in 2011 as Vice President of Operations, following 18 years of exploration and production experience working primarily with PetroSA in Africa. He has managed technical and commercial teams and upstream assets in most African oil-exploration and producing countries. During the last three years, he has been responsible for the management and execution of work programs relating to SacOil’s upstream assets and for the optimisation of the Company’s overall portfolio and subsidiaries. He is also responsible for the Company’s reserves and resource management and will continue to manage SacOil’s upstream asset portfolio. With his technical and commercial experience, Bradley has contributed to the growth of the Company’s upstream portfolio on the African continent. Bradley holds an MSc degree and an MBA. He is a member of the Society of Petroleum Engineers. Commenting on the appointment, Tito Mboweni, Chairman said “Bradley has been closely involved with the operations of the Company and in dealing with our key partner relationships. He has 18 years’ experience in the industry and we look forward to his contribution to the board in his new role.
Ok, I've noticed the story popping up all over the internet now. Lets hope for a firm, positive announcement soon. It's about time.
Gavin du Venage, the editor of Engineering and Mining Journal tweeted the story. @Gduvenage