Sharenet Sites 
Sharenet Sites
Operational Update - Egypt
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”)
Efora Energy Limited
OPERATIONAL UPDATE – EGYPT
Spudding of Pilot Well Lagia #14
Efora, the South African based independent oil and gas
company, is pleased to provide the following update on its
wholly owned and operated operations at the Lagia field in
Egypt.
The Company is pleased to announce that it has successfully
spudded pilot well Lagia # 14 on the Lagia Oil Field in the
Sinai Peninsula, Egypt.
This multi-objective well is being drilled in order to achieve
higher production rates, whilst also establishing a better
understanding of the productivity potential of the field and
the completion and steam injection strategies required to
extract maximum value from the field.
The well, which will be drilled to a depth of 1410 feet, will
fully penetrate the Nukhul reservoir interval, by intersecting
the maximum column of the un-drained Nukhul Zone 3 for optimum
exposure to reservoir.
The drilling of the well is expected to be completed in early
December with the logging of the well to follow immediately
afterwards. Efora’s technical team will then commence steam
injection operations on the well ahead of it being placed on
production in late December. Once in production, the well
will be monitored for data and performance analysis throughout
Quarter 1 2018, the results of which will be used to establish
the optimum forward development strategy for the wider Lagia
field.
Commenting on the update, Efora’s CEO Dr Thabo Kgogo said:
“We are pleased to be recommencing drilling operations at
Lagia after a long period of data analysis. We are also
pleased to be drilling in a stronger oil price environment, an
important factor with heavy oil assets such as Lagia. This
pilot well is a pivotal operation in our strategy to optimise
the production capability of the overall field and will help
establish optimal well completion across the reservoir
intervals as well as the steam injection requirements for the
wells that are still to be drilled. We look forward to
providing an update once the drilling has completed and will
provide a more detailed update once we have analysed the data
and performance of the well over a sustained period of
production. A successful outcome to this well will result in
increased production from the field, but more importantly it
will provide us with a roadmap to extract the true value of
this material asset through an improved development plan.”
JSE Sponsor
PSG Capital Proprietary Limited
29 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: 29/11/2017 09:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
