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EFORA ENERGY LIMITED - Update on Encha Payment

Release Date: 31/01/2020 08:26
Code(s): EEL     PDF:  
 
Wrap Text
Update on Encha Payment

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”


UPDATE ON ENCHA PAYMENT


Shareholders are referred to the announcement released on SENS on 22 November 2019 outlining Encha
Group Limited’s indebtedness to the Company of R75 million plus interest and arbitration costs. We are
progressing the recovery of these amounts and shareholders will be notified as soon as payment is received
from Encha.

Johannesburg
31 January 2020

Sponsor
PSG Capital


For further information please contact:

Efora Energy Limited

Tariro Gadzikwa

+27 (0)10 591 2260

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: 31-01-2020 08:26:00
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