REG - Pharos Energy PLC - Block Listing Six Monthly Return

Pharos EnergyAnnouncement

21/03/2024 16:45

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RNS Number : 8364H  Pharos Energy PLC  21 March 2024

 

Pharos Energy plc

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

 

Block Listing Six Monthly Return

 

Pharos Energy plc, as required by the rules of the Financial Conduct
Authority, notifies the following routine information regarding the Company's
existing block listing arrangements in connection with its employee share
scheme and the awards granted under this in the past:

 

 Name of applicant:                                                                Pharos Energy plc
 Name of scheme:                                                                   2011 Long-Term Incentive Plan
 Period of return:                        From:                                    22 September 2023  To:           21 March 2024
 Balance of unallotted securities under scheme(s) from previous return:            704,015 ordinary shares of £0.05
 Plus:  The amount by which the block scheme(s) has been increased since the       -
 date of the last return (if any increase has been applied for):
 Less:  Number of securities issued/allotted under scheme(s) during period
 (see LR3.5.7G):

                                                                                   -
 Equals:  Balance under scheme(s) not yet issued/allotted at end of period:        704,015 ordinary shares of £0.05

 

 

 Name of applicant:                                                                Pharos Energy plc
 Name of scheme:                                                                   Pharos Energy plc Long-Term Incentive Plan
 Period of return:                        From:                                    22 September 2023  To:              21 March 2024
 Balance of unallotted securities under scheme(s) from previous return:            6,150,000 ordinary shares of £0.05
 Plus:  The amount by which the block scheme(s) has been increased since the       -
 date of the last return (if any increase has been applied for):
 Less:  Number of securities issued/allotted under scheme(s) during period
 (see LR3.5.7G):

                                                                                   -
 Equals:  Balance under scheme(s) not yet issued/allotted at end of period:        6,150,000 ordinary shares of £0.05

For further information, please contact:

Pharos Energy plc
 
Tel: 0207 603 1515

Tony Hunter, Company Secretary

 

Camarco
 
Tel: 020 3757 4980

Billy Clegg |Rebecca Waterworth |Kirsty Duff |Andrew Turner

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 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. 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.

 

 

 

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