Sacoil Forum

finnCap note out this morning on Research Tree: "SacOil’s new management team has delivered on its new strategy over the past two years: the company has successfully developed its first production project, which has the ability to generate substantial value as the project is expanded further; it has also built up an extensive exploration portfolio across three countries. Furthermore, SacOil is active in the downstream and is examining multiple project-led opportunities to expand its presence and ability to create value."

finnCap's note from this morning: "SacOil has confirmed that it has received an eight-month renewal of the Block 1 licence in Malawi, which now runs out to 12th August 2017. The company is finalising the environmental and social impact assessments for this block and continuing with its analysis of the gravity and magnetic data over the licence, which has yielded positive results. A positive update today and continues to highlight the company’s progress on the exploration side of its portfolio." taken from researchtree

SacOil and EER sign MoU to explore oil and gas in Nigeria. [link]

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Award of Crude Allocation by the NNPC [link]

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First Energy releases new company update on sacoil. Outperform rating achieved. [link]

Good News: Completion Of Phase 2 Development Programme - Lagia Oil Field. 1000 barrels p/day target reached and light oil discovered. As I understand, light oil is easier and cheaper to extract, and fetches higher prices [link]

Cooperation Agreement concluded with new partners and the China Petroleum Pipeline Bureau for the construction of the African Renaissance Gas Pipeline in Mozambique [link]

Reorganisation of Interests in Block III, Democratic Republic of Congo [link]