Clarification statement (7411L)
August 04 2011 - 4:51AM
UK Regulatory
TIDMSAC
RNS Number : 7411L
SacOil Holdings Limited
04 August 2011
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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