SacOil Holdings is an independent South African oil and gas company with a diverse portfolio of assets, including production in Egypt, exploration projects in the DRC, Botswana and Malawi, and mid- and downstream projects such as a crude trade allocation in Nigeria and a terminal project in Equatorial Guinea. The company’s assets are valued at R919 million.

The company aims to establish itself as a leading, full-cycle pan-African oil and gas company. The group takes advantage of industry opportunities by deploying innovative technology and operational processes, whilst providing investors with an opportunity to buy into the growing energy sector in Africa.

SacOil Holdings shares are dual-listed on the Johannesburg Stock Exchange (JSE) and the AIM of the London Stock Exchange. As a company with a young history, revenue was R4.7 million in 2016, and SacOil has a JSE market cap of R752 million.

SacOil focuses on African oil and gas opportunities with short-term production potential, whilst exploration assets should be in proven areas of discovery with above average performance prospects.

The group has sustained losses in recent years as a result of the challenging environment within the oil industry, but returned to profitability for the financial year ended 29 February 2016. Data indicated a R39.6 million profit, mainly as a result of foreign exchange gains on the rand, restructuring benefits and the non-recurrence of a R420.2 million write-down in the previous year.

The main focus for the group recently has been the development of the Lagia oil field in Egypt, culminating in the targeted peak production of 1000 barrels per day. Production today has been lowered to suit the depressed oil price environment, and is forecast to be around 650 barrels going forward. The group will focus on optimising operations with minimal additional capital expenditure.

The current year has seen the Group return to profitability in a challenging environment. For the year ended 29 February 2016 the Group reported a profit of R39.6 million (2015: loss of R277.0 million) as it mainly benefited from the continued weakening of the Rand, the gain arising from the reorganisation of Semliki and the non-recurrence of the one-off write-down of R420.2 million related to the restructuring of the Group’s portfolio of assets in the prior year.

The rest of the group’s assets are at various stages in the exploration and licensing phases.

Over the longer term SacOil will continue to buy into its existing asset portfolio of in Egypt, Malawi, Botswana and DRC, with the Lagia Oil Field expected to yield sustainable future production. Future work programmes in the DRC, Malawi and Botswana will be focused on identifying the existence of sedimentary basins, necessary for the generation and accumulation of hydrocarbons. SacOil share price has yet to take off on the JSE, standing at 23 cents by October 2016. The forecast is that will still be several years before SacOil share price takes off and the majority of investors view SacOil shares as a potential buy.

Energy

Oil, Gas & Coal

Exploration & Production

We have made it simple to buy JSE listed firm shares online. The easiest way to buy SacOil Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in SacOil Group and assist you with the setup and management of your stock portfolio account.

1. Start by Filling in the BUY THIS SHARE form.
2. Insert your name, email, telephone number and monthly remuneration.
3. Then, Indicate the amount you are looking to invest in SacOil Group.
4. Click the “ INVEST NOW” button
5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

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