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    EEL   ZAE000248258

EFORA ENERGY LIMITED

(EEL)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 10/12
0.12 ZAR   0.00%
10/20EFORA ENERGY : Quarterly Update Announcement
PU
09/23EFORA ENERGY : Update on Encha Payment
PU
07/23EFORA ENERGY : Electronic Annual General Meeting
PU
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Efora Energy : Update on Encha Payment

09/23/2021 | 07:22am EST

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 of the Company ("Shareholders") are referred to the announcement issued on SENS on 25 August 2020 wherein the Company provided an update on Encha Group Limited's ("Encha") indebtedness to the Company pursuant to an arbitration appeal award of R75.0 million plus interest and costs.

Encha has defaulted on the payment schedule that it had agreed with the Company, and which was set out in the Company's SENS announcement of 25 August 2020.

The Company is considering its position, and will take appropriate legal action to enforce its rights.

Johannesburg
23 September 2021

Sponsor
PSG Capital

For further information please contact:

Efora Energy Limited
Darrin Arendse
+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.

Disclaimer

Efora Energy Limited published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 11:21:05 UTC.


ę Publicnow 2021
All news about EFORA ENERGY LIMITED
10/20EFORA ENERGY : Quarterly Update Announcement
PU
09/23EFORA ENERGY : Update on Encha Payment
PU
07/23EFORA ENERGY : Electronic Annual General Meeting
PU
07/19EFORA ENERGY : Clarification of Change Statement
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07/06BROAD-BASED BLACK ECONOMIC EMPOWERME : Annual Compliance Report
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07/01EFORA ENERGY : Change Statement and Notice of Annual General Meeting
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04/28EFORA ENERGY : Appointment of Director
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02/11Efora Energy Limited Appoints Malande Tonjeni as Director
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02/09Damain Matroos Resigns as Director of Efora Energy Limited
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02/09Damain Matroos to Continue to Serve Three Months Notice Period as Efora Energy Limited'..
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Financials
Sales 2020 1 957 M 124 M 124 M
Net income 2020 -20,6 M -1,30 M -1,30 M
Net Debt 2020 138 M 8,71 M 8,71 M
P/E ratio 2020 -7,51x
Yield 2020 -
Capitalization 132 M 8,27 M 8,38 M
EV / Sales 2019 0,17x
EV / Sales 2020 0,15x
Nbr of Employees 104
Free-Float 10,1%
Chart EFORA ENERGY LIMITED
Duration : Period :
Efora Energy Limited Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Darrin G. Arendse Chief Executive Officer
Thabang Monametsi Group Chief Financial Officer & Financial Director
Vuyo Ngonyama Chairman
Jordaan Fouche Vice President-Technical & New Business
Sebenzile Patrick Mngconkola Lead Independent Director
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