Efora Energy Ltd. JSE: EEL

efora energy shares

Background of Efora Energy

  • Efora Energy Limited is a South African based company that explores for and develops oil and gas deposits in Africa. The company is listed on the Johannesburg Stock Exchange (JSE) under the main listings. Efora operates across the continent – the company produces oil in Egypt, has an extensive exploration programme in the Democratic Republic of Congo (DRC) and has minor dealings in Nigeria. Not to mention the fact that they sell oil and gas products in South Africa and Zimbabwe.

  • Efora started out as a manganese sulphate producing company and was incorporated in February 1993 under the name Manga-Chem Products Proprietary Limited. Through the late ’90s and early 2000s, the company underwent a couple of major makeovers. In 2007, the company changed its directive to start developing oil and gas, instead of manganese. Subsequently, they changed their name to SacOil Holdings Ltd. in 2008.

  • At the end of 2017, the company began trading under the name Efora Energy. Efora alludes to Energy for Africa. This is an apt name, as the company strives to become an independent Pan-African oil and gas producer that can sell petroleum products on the international market.

Efora Energy Shares Growth Driver

  • With a rapidly expanding need for energy throughout Africa, Efora is ideally situated to show considerable growth over the next couple of years. With 25 years of accumulated knowledge about the mining, and specifically the petroleum industry on the African continent, Efora’s management is confident that they will be able to meet the growing demand of sustainable energy in Africa.

  • Efora Energy’s mission is to keep on developing their current petroleum projects, while continuously looking for new exploration opportunities on the African continent. The company wants to use Africa’s own resources to provide oil and gas related products in South Africa and other African countries. The company takes their social and environmental responsibilities seriously. Because Efora wants to cater mainly to the African energy market, the management team feels that they should give back to the communities from where they extract oil and gas.

  • There is still a lot of unexplored petroleum deposits in Africa. Efora wants to take advantage of this fact and expand their operations to increase yields and subsequently to give back to their shareholders. The company prides itself on the fact that it operates with integrity and keeps its business dealings transparent.

Efora Energy Holdings Group Investor Tip

  • Throughout Africa major centres are developing at an alarming rate. These cities across the continent must meet their rapidly increasing energy demands somehow. And even though the 1st world is moving away from fossil fuels to “cleaner” energy, those systems are too expensive to implement in a mostly underdeveloped Africa. Oil and gas still have a major role to play in the African energy market, and as such Efora Energy Ltd. is can still play a large role in supplying petroleum-based energy products.

  • Sector

    Mining

  • Industry

    Integrated Oil and Gas

  • Sub industry

    Petroleum Exploration and Mining

How to buy Efora Energy Group Shares

  • Efora Energy : How to buy Efora Energy Holdings Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Efora Energy Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Efora Energy Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Efora Energy Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
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    3. Then, Indicate the amount you are looking to invest in Efora Energy Group.
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    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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