* To attract new institutional investors for funding
* Seeks to develop current exploration projects
JOHANNESBURG, Oct 12 (Reuters) - South Africa's SacOil said on Tuesday it plans a secondary listing on London's Alternative \ Investment Market by early 2011, to access European capital markets to fund acquisitions.
The oil and gas company said it is looking to acquire production assets in Africa and has appointed FINNCAP Ltd as its nominated advisor and joint broker on the listing.
Renaissance Capital will act as lead broker, SacOil said in a statement.
The company said it was looking to attract new institutional investors to ensure it was well capitalised and further develop current projects, as well as make new acquisitions.
The company said it aimed to make the secondary listing by the first quarter of 2011.
SacOil said this month it had entered into a joint venture agreement with Nigeria's Energy Equity Resource for an onshore Niger Delta oil asset, which has a potential peak production of 30,000 barrels of oil a day. (Reporting by Shapi Shacinda; editing by David Dolan and Louise Heavens)