Stock data
| Market cap. | £30.2m |
| Last close | 3.38p |
| High / Low (52 weeks) | 130.2p / 3.4p |
| Stock market listing | JSE, AIM |
| Forecast net cash (ZARm) | 4.4 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Oil & Gas |
| Sector | Oil & Gas |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (37.21) | (90.93) | (97.45) |
| Relative * | (34.13) | (90.18) | (97.2) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (ZARm) | EBITDA (ZARm) | PBT (ZARm) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 31.7 | 4.2 | 6.8 | 3.2 | 13.5 | 105.8 |
| 2011A | 35.1 | 0.8 | 1.4 | 0.3 | 143.5 | N/A |
| 2012E | 38.5 | (3.1) | 5.6 | 3.3 | 13.0 | N/A |
| 2013E | 301.3 | 217.9 | 195.2 | 10.0 | 4.3 | 1.5 |
Last updated on 17/04/2012
Latest research
Farm out boosts strategy
Update | Oil & Gas | 24/11/2011
New cash, next moves?
Update | Oil & Gas | 23/09/2011
Well-timed Africa play
Outlook | Oil & Gas | 14/07/2011
Investment summary
SacOil has been ramping up corporate activity in recent weeks with some key announcements across its asset base. In the DRC, partner Total has increased its interest in Block III to 66.7%, reinforcing a work program where SacOil enjoys an effective interest of 12.5%, a contingent cash bonus of $54m and a free carry on exploration up to FID. Meanwhile, in Nigeria the company's interest in OPL 233 has progressed with a $25m performance bond approval that allows the project to move to seismic acquisition. Completing the portfolio is OPL 281, where reprocessed seismic is being used to define an appraisal programme. Despite minor equity dilution reducing our RENAV to 22.7p, significant upside remains.
Last updated on 23/04/2012
Industry outlook
Unlike many pan-African independents, SacOil is an African company, and we see this as a key strength in a market where local partners are required. Although success ultimately depends on exploration/development, SacOil is well placed to benefit given its stock market listings and portfolio.
Last updated on 23/04/2012
Key management
| Richard Linnell, Chairman |
| Robin Vela, CEO |
| Carina De Beer, FD |
Company address
| 2nd Floor Data Campus The Gabba Dimension, 57 Sloane Street Bryanston 2021 South Africa +27 011 575 7232 View website |
