08 November 2017
Efora Energy Limited, formerly SacOil Holdings Limited, JSE Share Code: EEL, (“Efora” or “the Company")
The Company is pleased to announce that it has formally commenced trading under the new name of Efora Energy Limited (“Efora”). Efora also announces the commencement of a new capital structure following the Share Consolidation as voted for at the Annual General Meeting held on 2 October. The Consolidation is on the basis of 10 to 1 by the consolidation of every 10 Ordinary Shares into 1 Ordinary Share.
Commenting on the update, Efora’s CEO Dr Thabo Kgogo said:
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.