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Continues and as usual quite late in the day . News by the end of the month. gla Sackees
Continuing . Come on IGEPE spill the beans. gla Sackees
Going up to new highs soon enough . How much do IGEPE want us ? The end of the moth will add to the clamour for glamorous Sacoil shares. gla Sackees
Progress continues ,albeit slowly. Seems to me some acreage in Moz is on the cards and an investment of proport by IGEPE . gla Sackees
In April 2013, SacOil initiated a satellite screening study associated with an environmental risk assessment for a proposed exploration program over the license area, covering approximately 16 000 sq km across northern Malawi. The study was successfully completed in December 2013. At a meeting held in Lilongwe in December 2013, the results of the satellite study was presented to the Malawi Department of Mines and the 2014 budget and work program was also presented and approved. With the positive results associated with the satellite environmental work, planning of the environmental and social impact assessments has now begun. In consultation with the Malawian government, SacOil is currently targeting to have all environmental work completed by Q3 2014. The company holds a 100% interest in Block 1. Qualified Person Review This release has been reviewed by Bradley Cerff, Vice President Operations, who is a member of the Society of Petroleum Engineers with over 15 years' experience in petroleum exploration and management. Bradley Cerff has consented to the inclusion of the technical information in this release in the form and context in which it appears. 10 March 2014 Johannesburg ENDS JSE Sponsor Nedbank Capital
SacOil, the South African based independent African oil and gas company listed on the JSE and AIM (JSE: SCL / AIM: SAC), is pleased to provide the following update on its on-going operational activities in Nigeria and Malawi. Satisfactory progress has been made across the existing portfolio of exploration and appraisal assets. The Company also continues to evaluate a number of opportunities to secure new value accretive acreage in established and prolific African hydrocarbon jurisdictions and basins. Highlights: · Nigeria, OPL 233: 3D Seismic Data Acquisition project contractor commences mobilization process · Malawi, Block 1: Completion of the environmental screening study and approval of 2014 budget Nigeria, OPL 233: 3D Seismic Data Acquisition project contractor commences mobilization process In preparation for the scheduled 3D Seismic Data Acquisition project, the Environmental Impact Assessment ("EIA") on the block, handled by Tidalflow Nigeria Limited, has been completed with both wet and dry season sampling carried out. While the wet season sampling has been completed and the result approved by the Department of Petroleum Resources ("DPR"), the dry season sampling is presently undergoing processing before being forwarded to the DPR. The Federal Ministry of Environment has also carried out the required site verification and EIA registration processes. The final report on the Seabed Hazard Survey by Epanoe Nigeria Limited has been delivered to, and accepted by the Joint Venture Partners as well as the field's seismic data acquisition contractor, Geomarine Systems Limited, following successful completion of the work. SacOil and its OPL 233 partners have commenced operations for the 3D Seismic Ocean Bottom Cable (OBC) survey, with mobilization of equipment for the survey in progress. The timeline envisages full mobilization to the site to be completed by the end of March 2014. To this extent, various equipment including the requisite gun boats and seismic recording cables have been delivered, whilst navigation equipment and seismic sensors are being air-freighted to compress the lead time to actual recording of data. Following mobilization, the 3D OBC acquisition work is expected to commence early April 2014 and be completed by the end of July 2014, subject to operational contingencies and weather related issues. Finalisation of formalities for the seismic data processing contract is ongoing. The 3D seismic data will provide valuable subsurface information relevant for the quantification of the licence's resource potential, as well as the selection of an optimal drilling location. The Company expects the processing of the raw data and interpretation of results to be completed by Q3, 2014. SacOil holds a 20% interest in OPL 233. Malawi, Block 1: Completion of the environmental screening study and approval of 2014 budget
News before EOM . gla Sackees
Worth of buys , in the last two days . Good news due before this month is out . gla sackees
One reckons IGEPE , could have bought at least 1.5% of the shares. Over the last month
Was at 3.45 p So , at last he has his/her money back , almost . gla Sackees
Well done all of us holding . Let`s hope for above 4p again in the next week or two .
You can make that No 1 now according to the list on here !
Morning oz, A good day indeed and most importantly our uptrend is in tact . Come on the Sack
No. 2 in the top risers
Still pretty optimistic . gla Sackes
As expected uptrend intact . Large investment is on the cards gla Sackees
Bit by bit , we will make it to the mountain top . gla Sackees
Seems to be a sell , so nice little rise today . gla sackees
Someone likes this share a lot. good luck morning
Blimey, £100k to chuck at an aim share shows a lot of confidence, or maybe they know something we don't? Was is definitely a BUY?
Maybe I should stick to oil shares after all . What with this and my pet project ( oil in the ground shares , I should add ) . Neither seems to like drilling holes. Well, as I gave the Sac an intrinsic valuation of 2.5p , seems I was reasonably correct . We are now nicely into the stratosphere .There are many reasons to hold on for the fun ahead. not least the albertine grabben play ,which having studied I am extremely sweet on . One feels this company has far too many differing plays in it`s barrel , forgive the pun. With investors and directors willing to stump up quite a sum of cash and administration almost behind us . the future looks bright , having a more representative BOD will also help . Five differing plots , with Nigeria being an almost certain good oil target , will eventually make us of interest to the market , the the fun and games will really begin. Long term holder , I think you will do well . Short term spikes are us.Of course, I narrowed my exposure at 2.5p . But , still hold a nice chunk of shares for the expected Total oil strike ahead. Good luck all and may your Prophet ------------------------------------------------------------------------- Re-appraisal 2 blocks Nigeria OPL 281 and OPL 233 20% in each 3 blocks Botswana 123,124,125 70% in each 1 block DRCongo Block III 12.5% 1 block Malawi Block 1 100 % Investor clamour for shares , PIC ( south african pension fund ) Gairloch ( Implaccable ) & now we have Mozambique funders sniffing our scent . It all adds up to suspicious dealings re friday 28/02/14 , £100,000 buy . One assumes with enough to drill at least 5 wells and free carries in DRC , good times are just around the corner . Can we reach the IPO of 20.8p ? Looking at SOCO International share price upswing one can assume so . Plus Heritage Oil too . Other big players CNOOC , Tullow & Total . http://www.engineeringnews.co.za/article/igepe-pic-sacoil-to-jointly-explore-investment-opportunities-in-moz-2014-02-21 Good luck all and may your Prophet
SCL Sacoil Holdings Ltd 57 2014/02/28 17:44:00
Could be an interesting week ahead gla sackees
SCL Sacoil Holdings Ltd 55 2014/02/28 15:19:00 gla Sackees
Traded on Johannesburg stock exchange > Ticker SCL