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Evening raiph, sacoil is due a good re-rating IMO and it could well start this week,like you say there are a number of good stocks in this sector bobbing on the bottom and the better ones will come good. In the last RNS on DRC it stated that the aero-magnetic survey results on block III will be released during Q4 ( anytime now ) and we may get something on nigeria too as they are FAST TRACKING the project now as per recent statements.May also get news of another aquisition anytime. Not a stock to be out of at these levels IMVHO.

Sacoil have a good management team and in those interviews the CEO comes over very well,looks like a man on a mission so to speak :-)

Half Yearly 2011 Financial Results -14 November 2011 AIM and JSE listed - SacOil Holdings Limited, the African independent upstream oil and gas company, is pleased to announce its half yearly financial results for the six months ended 31 August 2011. HIGHLIGHTS: Operational / Management / Corporate The recognition of the R238.1 (GBP20.6) million is in accordance with International Accounting Standard 37: Contingent Assets and Contingent Liabilities and is based on additional information available, at the time of this release, to the management of SacOil in relation to the probability of future economic benefits that could flow to SacOil as a result of the Disposal. The Group Interim Results for the six months ended 31 August 2011 will be released on or about Monday, 14 November 2011. The information contained in this announcement has not been reviewed or reported on by the Group`s auditors. *Successful farmout of a 60% interest in Block III to Total E&P RDC ("Total") ("Block III Disposal") for: US$7.5m (£ 4.6m) cash payment received net to SacOil *US$54m (£ 33.02m) contingent bonus paymentnet to SacOil *Full carry on exploration costs of at least US$35m (£ 21.4m) to final investment decision *Strengthened main board, with the appointments of John Bentley and James William (Bill) Guest as Independent Non-Executive Directors. *Strengthened management team with the appointment of Bradley Cerff as Vice-President. *Successful admission to AIM Financial: **US$7.5m (£ 4.6m) cash received and further potential proceeds of US$54m (£33.02m) in relation to the Block III Disposal (net to SacOil) **US$10.6m cash (£ 6.5m) raised through equity **Headline earnings up 657% **Tangible Net Asset Value up 379% **Greenhills plant net profit up 11% Commenting, Robin Vela, CEO, said: "The focus over the last six months has been on managing the Company's exposure to the high impact exploration assets in Block III in the highly prospective Albertine Basin, whilst retaining significant potential upside for shareholders. Our attention has also been on procuring funding in order to de-risk and fast track the work program obligations of our asset portfolio and progressing towards early production and revenues from our oil concession blocks, OPL 233 and OPL 281, in Nigeria. We successfully did this through the farm-out to Total and the recently announced Standby Equity Distribution Agreement. Combined, this puts us in a good position to fast track and develop our asset position and opportunities and we look forward to the next six months of the financial year with added confidence."

LOL, No its definate gut feeling !

Level 2 is now nicely balance with 3 of 5 mm,s wanting to buy,some of those 4.1p trades were buys today and also at least one was an uncrossing trade. Nicely poised and increased volume will see this re-rated IMO.

Will be a good week though mate !

Well its long overdue :-) things will get abit tasty here next week ( gut feeling )

Another MM moved on the bid now ( SCAP ) and now two mm,s moved out to 6p ask :-)

Last time i heard of the Tunisia play was around the time of aim listing

Afternoon mate, there has been a complete turnaround with the MM,s today with LIBC and WINS on the bid , and last time they were this stock was flying ( good sign of possible news next week ) , not much stock around !

LoL :-) i think we could have a very good week here next week, all the signs are there now and i think a good chance of some newsflow too. Real spread is very tight and dont think the mm,s have good stocks here at moment because buys v sells have been around 10 to 1 for nearly two weeks and that was from a fairly small freefloat anyway. Notable that LIBC and WINS are now buying as these two have previously holding off - very good sign mate !

Yes mate there is a very strong level 2 at moment and looking like another tick up coming, of interest mate is LIBC and WINS are now buying and these two had previously been holding this back, so some gaps being filled now and looking good for next week. Should see smaller spreads and more steady rises now! Good surfing !

TICK UP COMING here shortly,some good sized buys coming through and level 2 looking strong

Just noticed that on level 2 that the mm LIBC are now on the bid - this is the mm who had the gap on their books so expect some fireworks here next week as we will see smaller spreads and more volumes.

In one of his last interviews CEO robin zela made reference several times to being keen on obtaining south african assets,so we know that as a fact and is on the record.

There has been loads of rumours on various forums that SAC is about to farm in to Block 1 in South Africa ( held by petroSA ) they think that sacoil vice president Bradley Cerff who is an ex petroSA executive is the key man behind the deal and could get superb terms

Buys showing as sells again, just been getting live quotes of 4.09p to buy so those last few trades look like buys

Could be a very apt one though come the xmas period :-) we are due the results of the magnetic / airbourne survey on DRC Block III before end of year ( they stated during Q4 ) and we may just get the sale of the manganese plant which could raise $10M - $15M in my opinion, and possibly news of another aquisition.

Morning mate, one for santa,s sac ? lol

Cheers guys, level 2 was looking real good at close today - out of 5 mm,s 4 of them had moved out to ask prices of 5p to 5.5p and three moving on the bid side.