To view the PDF file, sign up for a MySharenet subscription.

EFORA ENERGY LIMITED - Updated Trading Statement

Release Date: 28/08/2020 16:36
Code(s): EEL     PDF:  
Wrap Text
Updated 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”)

UPDATED 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.

Shareholders are hereby advised that a reasonable degree of certainty exists that for the
year ended 29 February 2020 the loss per share will be between 3.61 cents per share and
0.11 cents per share compared to the loss per share of 69.91 cents per share for the year
ended 29 February 2019 being a decrease in the loss of between 94.84% and 99.84%.

Headline earnings per share will be between 3.83 cents per share and 6.09 cents per share
compared to the headline loss per share of 45.31 cents per share for the year ended 29
February 2019, being an increase of between 108.45% and 113.45%.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The results for the year ended 29 February 2020
are expected to be published on or about 31 August 2020.

Johannesburg
28 August 2020

Sponsor
PSG Capital

For further information please contact:

Efora Energy Limited
Damain Matroos
+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; a 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: 28-08-2020 04:36:00
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.

Share This Story