Efora Energy Seeks Strategic Partner
September 27, 2018 at 12:00 am EDT
Efora Energy Limited (JSE:EEL) has concluded a strategic review with regards to Lagia oil field in Egypt. The result of the review determined that it would be in the best interest to seek to attract a strategic partner to accelerate the development programme at Lagia. Efora Energy has duly appointed consultants to initiate a process to attract a strategic partner for the continued development of Lagia, and the appraisal and potential development of light oil shows within the Lagia development lease. Consideration will also be given to a sale of Lagia or other strategic alternatives.
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