Last 47.00
Change Today -1.00 / -2.08%
Volume 1.0M
SCL On Other Exchanges
As of 11:00 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

sacoil holding ltd (SCL) Snapshot

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52 Week High
02/24/14 - $80.00
52 Week Low
12/10/13 - $22.00
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sacoil holding ltd (SCL) Details

SacOil Holdings Limited operates as an independent oil and gas exploration and development company. It holds a portfolio of assets in the oil and gas industry, which includes interests in Malawi, the Democratic Republic of Congo, Nigeria, and Botswana. The company was formerly known as SA Mineral Resources Corporation Limited and changed its name to SacOil Holdings Limited in December 2008. SacOil Holdings Limited was incorporated in 1993 and is headquartered in Bryanston, South Africa.

Founded in 1993

sacoil holding ltd (SCL) Top Compensated Officers

Vice President of Technical & New Business
Total Annual Compensation: R1.3M
Executive Director
Total Annual Compensation: R2.7M
Vice President of Commercial
Total Annual Compensation: R1.9M
Financial Director and Executive Director
Total Annual Compensation: R1.5M
Compensation as of Fiscal Year 2014.

sacoil holding ltd (SCL) Key Developments

SacOil Holdings Limited Appoints Bradley Robert Cerff as Executive Director

SacOil announced the formal appointment of Mr. Bradley Robert Cerff as an Executive Director of the company with immediate effect. Bradley joined SacOil in 2011 as Vice President of Operations, following 18 years of exploration and production experience working primarily with PetroSA in Africa. He has managed technical and commercial teams and upstream assets in most African oil-exploration and producing countries. During the last three years, he has been responsible for the management and execution of work programs relating to SacOil's upstream assets and for the optimisation of the company's overall portfolio and subsidiaries. He is also responsible for the company's reserves and resource management and will continue to manage SacOil's upstream asset portfolio. With his technical and commercial experience, Bradley has contributed to the growth of the company's upstream portfolio on the African continent. His current directorships include Themix Investments and Developments, Ocean Surprise, Sustainable Innovations and Energy Development.

SacOil Holdings Not In Talks For Nigerian Asset

SacOil Holdings Limited (JSE:SCL) is not in discussions and/or negotiations to make an acquisition of a production asset in Nigeria nor is it seeking to acquire any asset producing 5,000 barrels of oil per day. SacOil Holdings Limited stated that it continuously seeks opportunities to expand and optimise its portfolio of upstream assets and will engage in informal discussions from time to time with several parties regarding such opportunities. SacOil Holdings Limited's shares were trading 3.5% higher.

SacOil Holdings In Talks Over Acquisition Of Nigerian License

SacOil Holdings Limited (JSE:SCL) is in talks to acquire first production oil mining license in Nigeria. Tito Mboweni, Chairman of SacOil Holdings Limited said that SacOil Holdings Limited has the possibility for buying an asset for a project, currently in production phase in Nigeria but declined to provide more details on the stage of negotiations or the location of the asset.


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