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Lol how can the BOD say they do not know why the rise!!...there partners have already disclosed why..
Because its only risen in the last hour...ceo still on lunch sipping his bollinger lol
Where will this be come friday!!....
Rocketing now...They must be franically writing up an RNS as we speak!!!!
Dated today mate 15th October...GL
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.
Just thought it would be with news having already been leaked...could come tomorrow?..Looks good mate.
Finish at this rate....abnormal amounts of buys flooding in now...
Well I guess so going on GKP and with there 12.5% interest... RNS must come today?
fluffin hell 50p lol....10p would see me holiday in oz for a month!!
This is going to blow when they release RNS!!
Whats your thoughts on the shareprice when an RNS is released? 10p?
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.
no rns yet mate, just the start...
This does look unbelievable...just had some here...RNS Must be imminent
Yes mate as you say it looks a good one, wished I'd hit the buy button at 3p now but not to worry...good luck mate.
Good news...tried to buy 1min after rns, offered me 3p...3mins after rns 4p!!.. Will sit this out for now, watch it rocket!!
Has Chan Fook Meng got one last TRIC up his sleeve? I fear not but worth a punt at this price!..GL to holders and gamblers alike.
http://www.reuters.com/article/2012/09/13/us-bae-eads-idUSBRE88B12Y20120913
Does look a good one to build a nice stake in...will keep my eye here, cheers.