RCS - Pharos Energy PLC - Investor Presentation via Investor Meet Company

Pharos EnergyAnnouncement

28/03/2024 09:30

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RNS Number : 6911I  Pharos Energy PLC  28 March 2024

28 March 2024

 

Pharos Energy plc

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

Investor Presentation 2024 via Investor Meet Company

Pharos Energy plc, an independent energy company, is pleased to announce
that Jann Brown - CEO, Sue Rivett - CFO, Mohamed Sayed - Group Head of
Technical & General Manager Middle East, Vincent Duignan - Group
Exploration Manager & General Manager South East Asia, and Minh-Anh Nguyen
- Senior IR & ESG Associate, will provide a live presentation relating to
its Preliminary Results 2023 via Investor Meet Company on Wednesday 03 April
2024 at 09:30am 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
Tuesday 02 April 2024, 09:00 BST, 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
(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: 020 7747 2000

Jann Brown, Chief Executive Officer

Sue Rivett, Chief Financial Officer

 

Camarco
 
Tel: 020 3757 4980

Billy Clegg | Andrew Turner | Rebecca Waterworth | Kirsty Duff

 

 

Notes to editors

Pharos Energy plc is an independent energy company with a focus on sustainable
growth and returns to stakeholders, which is listed on the premium segment of
the London Stock Exchange. Pharos has production, development and/or
exploration interests in Egypt and Vietnam. 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. The first development lease on the NBS
Concession was awarded in September 2023 and production started in December
2023. IPR Lake Qarun holds the remaining 55% working interest in the NBS
Concession, with development operations on the Concession currently undertaken
by Petrosilah on behalf of the newly formed joint operating company, Petro
Beni Suef. The first exploration phase under the NBS Concession expired in
March 2024 with all work programme commitments completed. 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, exploration
Blocks 125 & 126, located in moderate to deep water in the Phu Khanh
Basin, north east of the Cuu Long Basin, offshore central Vietnam.

 

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