Post by
ricardo135 on Feb 22, 2015 12:36am
SacOil and MENA
Reason for volume and increase in stock value might be related to the news release from SacOil Holdings Limited dated Jan 28 2015 news release re: its: subsidiary Mena International Petroleum Company Limited (MENA) is pleased to announce the successful completion on time of phase 1 of the field development operations at the Lagia oil field in Sinai onshore Egypt. There is more highlights on this recent news release. JMO but I believe this is why MENA is moving right now plus the huge amount of shares MENA holds in SacOil and their arrangement. Also news is around the corner with which shareholders as from last October get some. GLA Cheers