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

Pharos EnergyAnnouncement

20/03/2025 07:00

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RNS Number : 3711B  Pharos Energy PLC  20 March 2025

Pharos Energy plc

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

Investor Presentation via Investor Meet Company - Preliminary Results 2024

Pharos Energy plc, an independent energy company with assets in Vietnam and
Egypt, is pleased to announce that Katherine Roe - CEO, and Sue Rivett - CFO,
will provide a live presentation relating to its Preliminary Results 2024 via
Investor Meet Company on Monday 31 March 2025 at 09.30 (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
Friday 28 March 2025 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

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 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. The first development lease on the NBS Concession was awarded in
September 2023 and production started in December 2023. IPR Lake Qarun
operates and holds the remaining 55% working interest in the NBS Concession.
In Vietnam, Pharos currently 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 currently 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. Following the announcement by Pharos in December 2024 of
approval a five year extension to the terms of the petroleum contracts for
Blocks 16-1 and 9-2, together with associated changes to fiscal terms and
participating interests, Pharos will hold a revised working interest in Block
16-1 (TGT) of 25.33% with effect from 8 December 2026 and a revised working
interest in Block 9-2 (CNV) of 20% with effect from 16 December 2027. 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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