SacOil Holdings Limited Appointment of Executive Director (7572O)
August 11 2014 - 8:00AM
UK Regulatory
TIDMSAC
RNS Number : 7572O
SacOil Holdings Limited
11 August 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")
Appointment of Executive Director
SacOil is pleased to announce 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.
Bradley holds an MSc degree and an MBA. He is a member of the
Society of Petroleum Engineers.
Commenting on the appointment, Tito Mboweni, Chairman said
"Bradley has been closely involved with the operations of the
Company and in dealing with our key partner relationships. He has
18 years' experience in the industry and we look forward to his
contribution to the board in his new role".
The following information in relation to Mr. Cerff's appointment
is disclosed in accordance with Schedule Two(g) of the AIM Rules
for Companies.
Mr Bradley Robert Cerff (aged 41) has been a director or partner
of the following companies/partnerships during the five years
preceding the date of this announcement:
Current Directorships Previous Directorships
------------------------------------ -----------------------------------
Themix Investments and Developments Ibiza Chauffeurs
Ocean Surprise Petroleum Oil And Gas Corporation
Sustainable Innovations and Energy of South Africa (Namibia)
Development PetroSA Equatorial Guinea (South
Africa)
PetroSA Gryphon Marin Permit
PetroSA Iris
PetroSA Themis
------------------------------------ -----------------------------------
Bradley currently holds 110 000 shares in the capital of
SacOil.
There is no further information to be disclosed pursuant to
Schedule Two(g) of the AIM Rules for Companies.
Johannesburg
11 August 2014
ENDS
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
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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