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Trading Statement
EFORA ENERGY LIMITED
(Formerly SacOil Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
JSE Share Code: EEL
ISIN: ZAE000248258
(“Efora” or “the Company”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, a listed
company is required to provide guidance to the market when it
is satisfied that a reasonable degree of certainty exists that
the financial results for the current reporting period will vary
by at least 20% from the results of the previous corresponding
reporting period.
Efora is currently finalising its results for the six months
ended 31 August 2017. In this regard, shareholders are advised
that the Company expects earnings per share (“EPS”) and headline
earnings per share (“HEPS”) for the six months ended 31 August
2017 to be at least 20% higher relative to the prior comparative
period.
There is currently insufficient certainty to enable the Company
to provide specific guidance on the extent of the expected
improvement in both HEPS and EPS and it is anticipated that
Efora will publish a more detailed trading statement in due
course.
Shareholders are advised that the results for the six months
ended 31 August 2017 will be released before the end of November
2017.
The financial information on which this trading statement is
based has not been reviewed or reported on by the Company’s
auditors.
Sponsor
PSG Capital Proprietary Limited
17 November 2017
For further information please contact:
Efora Energy Limited
Damain Matroos
+27 (0)10 591 2260
Buchanan (Financial PR adviser)
Ben Romney / Chris Judd
+44 (0)20 7466 5000
About Efora
Efora Energy Limited is a South African based independent
African oil and gas company, listed on the JSE. The Company has
a diverse portfolio of assets spanning production in Egypt;
exploration and appraisal in the Democratic Republic of Congo;
midstream project relating to crude trading in Nigeria and
material downstream distribution operations throughout Southern
Africa. Our focus as a Group is on delivering energy for the
African continent by using Africa’s own resources to meet the
significant growth in demand expected over the next decade.
Date: 17/11/2017 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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