REG - Pharos Energy PLC - Blocks 125 & 126 two-year extension approval

Pharos EnergyAnnouncement

Tue 07:00

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RNS Number : 0876M  Pharos Energy PLC  10 June 2025

Pharos Energy plc

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

Blocks 125 & 126 two-year licence extension approval

Pharos Energy plc, an independent energy company with assets in Vietnam and
Egypt, is pleased to announce that it has received approval from the
Vietnamese Government for the two-year extension of the Exploration Period
(from 9 November 2025 to 8 November 2027) of the Blocks 125 & 126
Production Sharing Contract (PSC).

 

 

Katherine Roe, Chief Executive Officer, commented:

 

"We are pleased to have secured approval from the Vietnamese Government for
the two-year extension of the Blocks 125 & 126 Exploration Period. This
approval reflects the Government's continued support as we progress our active
discussions with potential farm-in partners and rig contractors to complete
all necessary preparations ahead of drilling the commitment well on Block 125.
We are committed to pursuing this exciting opportunity, and this extension
allows us to retain optionality for the prospect to be drilled, whilst
investing in near term production growth in our producing assets in Vietnam."

 

 

 

 

 

 

 

Enquiries

 

Pharos Energy plc
 
Tel: 020 7747 2000

Katherine Roe, Chief Executive Officer

Sue Rivett, Chief Financial Officer

 

Camarco
 
Tel: 020 3757 4980

Billy Clegg | Georgia Edmonds | Violet Wilson | Tamsin Howard

 

 

Notes to editors

Pharos Energy plc is an independent energy company focused on delivering
sustainable growth and returns to stakeholders, with a portfolio of stable
production, development and exploration assets in Vietnam and Egypt. Led by an
experienced team, Pharos is a cash generative business with a robust balance
sheet and an established platform to deliver both organic growth and inorganic
opportunities.

 

Pharos is listed on the Main Market of the London Stock Exchange. For further
information please visit www.pharos.energy.

 

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