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EFORA ENERGY LIMITED - Trading Statement

Release Date: 23/05/2019 08:30
Code(s): EEL     PDF:  
 
Wrap Text
Trading Statement

EFORA ENERGY 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 publish a
trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the year
ended 28 February 2019 the loss per share and headline loss per share will be more than
20% compared to the loss per share and headline loss per share reported for the year ended
28 February 2018.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. A more detailed trading statement will be released
on SENS soon, while the audited results for the year ended 28 February 2019 are expected
to be published on or about 31 May 2019.

Johannesburg
23 May 2019

Sponsor
PSG Capital

For further information please contact:

Efora Energy Limited
Tariro Gadzikwa
+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: 23/05/2019 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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