Investor Presentation

RNS Number : 4935Z

Pharos Energy PLC

15 September 2022

 

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

Investor Presentation

Pharos Energy plc, an independent oil and gas exploration and production company , is pleased to announce that Jann Brown - CEO, Sue Rivett - CFO, and Mohamed Sayed - Group Head of Technical, will provide a live Investor Presentation relating to the 2022 Interim Results via the Investor Meet Company platform on Wednesday 21 Sep 2022 at 2:30pm BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet PHAROS ENERGY PLC via:

https://www.investormeetcompany.com/pharos-energy-plc/register-investor

Investors who already follow PHAROS ENERGY PLC on the Investor Meet Company platform will automatically be invited.

Enquiries

Pharos Energy plc    Tel: [phone]

Jann Brown, Chief Executive Officer 

Sue Rivett, Chief Financial Officer  

Camarco   Tel: [phone]

Billy Clegg | Georgia Edmonds | Rebecca Waterworth

Notes to editors

Pharos Energy plc is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, which is listed on the London Stock Exchange. Pharos has production, development and/or exploration interests in Egypt, Vietnam and Israel. In Egypt, Pharos holds a 45% working interest share in the El Fayum Concession in the Western Desert, with IPR Lake Qarun, part of the international integrated energy business IPR Energy Group, holding the remaining 55% working interest. The El Fayum Concession produces oil from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 joint stock company between the contractor parties (being IPR Lake Qarun and Pharos) and the Egyptian General Petroleum Corporation (EGPC). Pharos also holds a 45% working interest share in the North Beni Suef (NBS) Concession in Egypt, which is located immediately south of the El Fayum Concession. IPR Lake Qarun operates and holds the remaining 55% working interest in the NBS Concession. In Vietnam, Pharos has a 30.5% working interest in Block 16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by the Hoang Long Joint Operating Company. Pharos' unitised interest in the TGT field is 29.7%. Pharos also has a 25% working interest in the Ca Ngu Vang (CNV) field located in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Blocks 16-1 and 9-2 are located in the shallow water Cuu Long Basin, offshore southern Vietnam. Pharos also holds a 70% interest in, and is designated operator of, Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, north east of the Cuu Long Basin, offshore central Vietnam. In July 2022 Capricorn, Ratio and Pharos reached agreement to relinquish the Israeli licences, and Capricorn as operator has informed the Israeli Ministry of Energy of the parties' intention.

 

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