Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Did u sell them and how much per share did u get in the end
I think you may not be right in the case of SAC but generally I would agree with you de listing mostly results in getting nothing because the shares become virtually illiquid. If TD Waterhouse cannot trade the shares for you on the JSX get them transferred to a broker that can and there are at least three that I know of, if its a low value holding the costs may not be worth it but thats the route I am taking as I now consider this company a POS. It should have been obvious to me that this would happen by just looking at the very low volumes traded on SAC on AIM but I let it slide, another lesson learned the hard way.
I hate being right
Just rang T D Waterhouse. They basically sai keep an eye on the Sacoil website. Shares could be 1 delisted, no money at all 2 deliste an cash given 3 delisted but can trade them on LSX 4 delisted an given shares in new company They dont know whats going to happen basically
So much for faith........
Little faith .....
Going from experience we usually get fuc ked
Does anyone know what happens to our shares if they get de-listed from AIM and have to reapply as a new entity?
A reverse takeover is any acquisition or acquisitions in a twelve month period which for an AIM company would: — exceed 100% in any of the class tests; or — result in a fundamental change in its business, board or voting control; or — in the case of an investing company, depart materially from its investing policy (as stated in its admission document or approved by shareholders in accordance with these rules). Any agreement which would effect a reverse takeover must be: — conditional on the consent of its shareholders being given in general meeting; — notified without delay disclosing the information specified by Schedule Four and insofar as it is with a related party, the additional information required by rule 13; and — accompanied by the publication of an admission document in respect of the proposed enlarged entity and convening the general meeting. Where shareholder approval is given for the reverse takeover, trading in the AIM securities of the AIM company will be cancelled. If the enlarged entity seeks admission, it must make an application in the same manner as any other applicant applying for admission of its securities for the first time.
Is in advanced negotiations on an exclusive basis to acquire a Southern African focussed petroleum product related wholesaler (the "Proposed Acquisition"). The board of SacOil believes that the Proposed Acquisition is fully in keeping with the Company's stated strategy of focussing on cash generating opportunities that expand SacOil's offering across the oil and gas value chain. If concluded, the Proposed Acquisition would significantly increase SacOil's turnover and provide the Company with a foothold in the downstream oil and gas market which compliments its existing upstream assets such as the producing Lagia field in Egypt. Paragraph 3.9 of the JSE Listing Requirement - Cautionary Announcement In terms of paragraph 3.9 of the JSE Listing Requirements, immediately after an issuer acquires knowledge of any material price sensitive information and the necessary degree of confidentiality of such information cannot be maintained, an issuer must publish a cautionary announcement. As such, shareholders are advised that the Proposed Acquisition, if successfully concluded, may have a material effect on the price of the Company's securities. There can be no guarantee however that the Proposed Acquisition will conclude and further updates will be made in due course. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made. Suspension of Trading on AIM If concluded, the Proposed Acquisition would be classified as a reverse takeover pursuant to Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares will be suspended from trading on the AIM Market of the London Stock Exchange at 7.30a.m. today until such time as either an admission document setting out details of the Proposed Acquisition is published or confirmation is given that the Proposed Acquisition is not proceeding. The Company's share will however continue to trade on the JSE.
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No.1 on the top risers board with 3 trades,
Apologies for board hopping; but ! The petition is going quite well; ~5550 signatures so far. Although it needs a boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA have finally replied, saying its nothing to do with them as they only deal with market abuse & insider dealing, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. ONLY 8 weeks to go !!! So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so.
RNS Number : 7411B SacOil Holdings Limited 21 June 2016 SACOIL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1993/000460/06) JSE Share Code: SCL AIM Share Code: SAC ISIN: ZAE000127460 ("SacOil" or "the Company") Completion of 2D SEISMIC Data ACQUISITION, block iii, Albertine Graben, Democratic republic of Congo SacOil is pleased to announce that Total E&P RDC ("Total") operator of Block III, has finalised the acquisition of the 2D seismic survey over the northern part of the Block III area. The operator successfully completed the acquisition of 244km of 2D seismic data and currently the seismic acquisition contractor is in the process of demobilisation. As reported previously, the seismic survey did not encroach on the Virunga National Park. The next step will be to process and interpret the seismic data, and integrate the results with the previously acquired gravity and magnetic data. This 2D seismic acquisition program is in fulfilment of the minimum work program obligations. SacOil holds a 12.5% effective interest in Block III. Johannesburg 21June 2016 JSE Sponsor PSG Capital Proprietary Limited For further information please contact: SacOil Holdings Limited Bradley Cerff +27 (0)10 591 2260 finnCap Limited (Nominated Adviser and broker)
Good to see the rise hold today..i will continue to hold
SacOil Holdings Limited ("SacOil" or "the Company") Award of CRUDE Allocation by the NNPC Key highlights: · SacOil and Energy Equity Resources ("EER") (the "Partners") signed a memorandum of understanding ("MOU") to explore oil and gas opportunities in the Republic of Nigeria. · Pursuant to the initiative, SacOil and EER, was awarded a twelve (12) month term contract for the purchase of Nigerian Crude Oil Grades by the Nigerian National Petroleum Corporation ("NNPC"). Overview of MOU SacOil, a South African based independent African oil and gas company and EER entered into a MOU to seek investment opportunities in the business activities of the NNPC within the Nigerian oil and gas sector. The Republic of Nigeria is one of the most prolific oil and gas countries in Africa, with significant investment opportunities available in the current economic climate. The Partners have been evaluating a number of opportunities that could provide sustainable revenue returns. Crude Allocation SacOil is pleased to announce the formation, at a minimal capital cost to SacOil, of a joint venture company with EER called SacOil Energy Equity Resources Limited ("SEER"). SEER is the contracting party to the agreement for the sale and purchase of Nigerian Crude Oil with the NNPC ("the Crude Oil Agreement"). The Crude Oil Agreement provides SEER with the right to acquire crude oil from NNPC for onward sale. The amount of offtake by SEER is dependent on the aggregate crude production in Nigeria and the prevailing global oil price. The revenue generated from the sale of the crude allocation will contribute meaningful income to SacOil and will support SacOil's growth and investment strategy across the oil and gas value chain on the African continent. Commenting on the Crude Allocation, SacOil's CEO Dr Thabo Kgogo said: "This announcement is aligned with our previously communicated strategy to focus on cash generative, income producing activities in both upstream, refining and downstream. Nigeria is a prolific hydrocarbon nation and the largest exporter of crude oil on the African continent. We are pleased to have secured this crude allocation for trading as it provides us with a structured and measured exposure to this attractive market. We look forward to working with EER and the NNPC in future opportunities in the Nigerian oil and gas sector.
Apologies for board hopping but- The petition is going quite well; 4000+ signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. We really need a social / media savvy individual to help generate more interest in this.
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Result nice............
1000 bopd nice