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Good news a- coming. gla Sackees
About time too . gla Sackees
Looks like the buyers are back in town. gla in the Sac
Nice to see the 2 x £40K buys, someone's confident.
Though I own some of these shares, I haven't really been following for a Long time as the sp just continually went down. Nice to see the downward trend is over. Whats happened? Perhaps I am being Lazy, but can someone just give me a quick update. Thanks
now all we need is the small matter of pumping some oil. Average PE ratio for this sector is over 70 so lots of room for upward movement there ...
It's about time good long term buy
A much better set of projected figures than last years then I see !
Largest buyer seems to be around 3.6p level . Up to that point it`s quite a steal . Longer term the acreage seems very positively rated. gla Sackees
Nice big trade on the button . More good news must be in the pipeline . Well done all Sackees
SACOIL OWNS 20% of this deal, plus has the rights to EER's 20 % if EER now does not pay them USD 25million
Transnational Corporation of Nigeria Plc and the Nigerian National Petroleum Corporation have signed a production sharing contract for the exploration and production of Oil Prospecting Licence 281, under which Transcorp has committed to a work programme to prove and develop an estimated 104 million barrels of oil reserves, 335 million barrels of probable reserves and approximately four trillion cubic feet of natural gas reserves. Transcorp said in a statement made available on Sunday that the addition of OPL 281 to its portfolio of oil and gas assets was another milestone in its strategy of creating Nigeria’s leading integrated energy company, operating in production, refining, power generation, petrochemical and fertiliser production. The Chairman, Transcorp, Mr. Tony Elumelu, was quoted as saying, “Integrating across the energy value chain is the foundation of Transcorp’s strategy. OPL 281’s gas reserves will be deployed directly into Nigeria’s power generation industry as we seek to transform the economy of our country.” Transcorp’s existing investment, the Ughelli power plant in Delta State, according to him, is undergoing extensive rehabilitation to add 1,000 megawatts to the existing 1,000 MW capacity, thus doubling the plant’s electricity output over the next three to five years, in collaboration with GE and other partners. Ughelli is Nigeria’s largest gas-fired power generation facility and will be powered directly by the natural gas delivered from OPL 281, the statement added.
http://www.destinyman.com/2014/04/29/petrosa-coo-to-head-sacoil/
Of how much IGEPE is bringing to the table yet . Perhaps in the next RNS . Good luck Morning et al
Massive upside potential here.
Flying now.
Should be a corker . gla Sackees
Someone has spent a cool £250,000 hoovering up shares. Long may it continue. Well done Morning for sticking with it . The long road to the drilling has just begun. gla Sackees
Nice buys here today.
Sorry mate, I nearly had a heart attack myself haha
Nearly had a heart attack !
It must be a mistake, Live price is about 3.3p
Meant for SAV ! Sorry.
In fact, very good. Placing now out of the way, fully funded, we have a bottom to the sp at last. Feeling optimisitc again for the first time in a couple of weeks.