SacOil Holdings Limited Directorate Change (5771F)
April 29 2014 - 2:01AM
UK Regulatory
TIDMSAC
RNS Number : 5771F
SacOil Holdings Limited
29 April 2014
SACOIL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE share code: SCL AIM share code: SAC
ISIN: ZAE000127460
("SacOil" or the "Company")
Changes to the board of directors
SacOil, the African independent upstream Oil & Gas company,
is pleased to announce the appointment of Dr Thabo Kgogo as the
Chief Executive Officer of SacOil with effect from 1 June 2014. Mr
Roger Rees, currently Acting Chief Executive Officer, will step
down from his position on the same date.
Dr Thabo Kgogo has more than 12 years' experience in the oil and
gas industry ranging from exploration, appraisal and development
projects in upstream. He joins SacOil from PetroSA, South Africa's
national oil company, where he held the position of Vice President
- Operations and recently Acting Chief Operating Officer.
Dr Kgogo was responsible for PetroSA's integrated operations,
which included offshore production wells and platforms, Gas to
Liquid (GTL) refinery, as well as shipping and aviation services.
He was instrumental in imparting a culture of operational
excellence, production optimization, reserves addition,
environmental compliance and safety. He pioneered the project
development of importation of liquefied natural gas into South
Africa as well as the company's refinery sustainability
projects.
He holds a BSc degree in Chemical Engineering from the
University of Cape Town, a MSc degree in Petroleum Engineering from
the University of London and a PhD degree in Petroleum Engineering
from Imperial College London.
Dr Kgogo has published several international technical papers in
the field of Petroleum Engineering. He was the Chairperson of the
Southern Africa Chapter of the International Society of Petroleum
Engineers from 2009 to 2011. He has also received a Society of
Petroleum Engineer's Special award in 2011 for his contribution to
the field of Petroleum Engineering.
Commenting on the appointment, Tito Mboweni, Chairman said "We
are delighted that Thabo has agreed to join the company. His
experience in the Oil & Gas industry will be extremely valuable
as we continue to grow the business and engage new opportunities
that exist throughout Africa."
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Full Name: Dr. Thabo Clifford Kgogo
Aged: 38
Current Directorships Directorships and partnerships
held in the last 5 years:
---------------------- -------------------------------
BizGalore Fishing None
---------------------- -------------------------------
Dr. Thabo Clifford Kgogo does not currently hold any shares in
the capital of SacOil.
29 April 2014
JSE Sponsor
Nedbank Capital
For further information please contact:
finnCap Limited (Nominated Adviser and Broker) +44 (0) 20 7220 0500
Matthew Robinson / Christopher Raggett
FirstEnergy Capital (Joint Broker UK)
Majid Shafiq
Travis Inlow +44 (0) 20 7448 0200
Pelham Bell Pottinger (UK)
Philip Dennis +44 (0) 20 7861 3919
Nick Lambert +44 (0) 20 7861 3936
Rollo Crichton-Stuart +44 (0) 20 7861 3918
This information is provided by RNS
The company news service from the London Stock Exchange
END
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