Efora Energy Limited (JSE:EEL)
Efora Energy Limited (JSE:EEL) is a South African based oil and gas company with a focus on delivering energy for the African continent by using Africa's own resources to meet the significant demand expected over the next decade.
The Group actively manages a diversified portfolio of assets comprising:
- oil production in Egypt;
- oil & gas exploration in the Democratic Republic of Congo;
- crude oil trading in Nigeria; and
- downstream distribution operations throughout South Africa, in Zimbabwe and Mauritius.
The Group's business model focuses on developing its upstream business and diversifying its activities across the integrated oil and gas (O&G) value chain to maximise return from its O&G assets. The model supports the development or facilitation of the markets to use O&G and deliver value-added products that could be utilised in the African markets and possibly internationally.
The Group employs an asset management model, where assets are managed on a country basis. The Group leverages the centralised expertise located in South Africa, to provide technical and functional expertise to support the activities at the individual asset level. This ensures that the Group maintains a low cost base where skills are shared across multiple assets and geographies.
Key activities in the upstream space will include portfolio management and optimisation of its producing asset in Egypt through drilling and continued field development.
The Group will also leverage its considerable technical and commercial expertise to pursue opportunistic downstream activity that has synergistic and strategic value for its business.