Member Info for Aymesco1

South African oil and gas company SacOil looks set to see its share price rocket with the discovery of Africa’s largest onshore oil deposit. Total F&P RDC, the operator of Block III, Albertine Graben in the Democratic Republic of Congo has successfully conducted an airborne gravity and magnetic survey on the northern part of the Block III area located outside the Virunga National Park. Total has announced several acquisitions in the Lake Albertine region over the past two years amounting to investments of more than $1.5 billion. A senior spokesman from Total Exploration and Production has previously commented that the size of the discoveries indicates a large scale development may be possible. Plateau production could exceed 300,000 barrels per day, depending on the results of the future drilling programme. Independent SacOil holds a 12.5 per cent interest in Block III and a senior analyst has already commented that SacOil shares are completely undervalued. “At this point its share price has the potential of doubling many times as it moves up the value curve.” Confirmed reports have indicated that Block III could be considered as the largest oil discovery in the Albertine Graben area. Over the past few years, several big players in the oil industry have drilled exploration/appraisal wells in the immediate surrounding areas and made 39 discoveries. Conservative estimates are in excess of a whopping three billion barrels for Block III.

Im referring to the article on the Congo

Buying pressure coming in lets have strong finish! I am slightly disappointed we haven't had RNS stating about the Discovery however i feel they could release one First thing in the morning Plenty of upside here!!!!!!

it will be funded by total

i can see them

Another 300,000K buy bring it on!!!!!

Nice big buys again someones really loading up here we will have a real strong finish!!!!!!!

Buys flooding in now!!!!!!!!!!

Nice read it say it all this will hit new heights stay in and load up the RNS has to come soon another few monster buys!!!!!

Another large buy 600,000k keep this up lets get that 65% before news this will be hugh with the potential of over 40mill a year in revenue this will be heading to new heights

I think we will see more buys coming in now people are wanting in before any news is released the sp is undervalued.

Buys should take us passed 65% mark then lets have some news

See of blue!!!!! any news is welcome as long as we get to our true value

3:45 payed up we go this company is way under valued completly agree with CEO!!!

completely agree mate the ones who have just turned up haven't read anything they've just started the PD mill off see it everyday

buys still coming in and as for PD what a load of rubbish read the article news should be due shortly.

It does say about a find. Big buys coming back in after the small shake should finish 100% up if news is released!!!

with whats been discovered i expect this to hit 100% on rns and may even carry on through the week the news is massive!!!!!!!!!!

this may put us on track to where we should be at 26p

Great buying pressuring and its increasing !!!!!