4 Aug 2011 09:51
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL
AIM share code: SAC
ISIN: ZAE0000127460
("SacOil" or "the Company")
CLARIFICATION OF INCORRECT INFORMATION PUBLISHED ON BLOOMBERG
SacOil would like to clarify incorrect information pertaining to the Company, released on Bloomberg on 27 July 2011. The release claims that the Company has received interest from internationals in terms of the ownership of the Company and its assets. This is incorrect.
The Company was in fact asked whether it would consider a farm down or involvement of partners in its assets. The CEO's response was that there had been some interest indicated in doing so (as is normal in the Oil and Gas industry) but that no talks were taking place.
Accordingly, shareholders are advised that the Company is currently not involved in any discussions relating to the disposal of the Company or its assets.
Johannesburg
4 August 2011
Sponsor
Standard Bank
Nominated Adviser and Joint Broker
finnCap Limited
Matthew Robinson/Ed Frisby
+44 (0) 20 7600 1658
Joint Broker
Shore Capital Stockbrokers Limited
Jerry Keen/Dru Danford
Tel: +44 (0) 20 7408 4090
Contacts
Tavistock (Public Relations UK)
Edward Portman / Jos Simson
Tel: +44 (0) 20 7920 3150
The Riverbed Agency (Public Relations SA)
Raphala Mogase/Bongiwe Moeli
Tel: +27 (0) 11 783 7903