REG - Pharos Energy PLC - Total Voting Rights

Pharos EnergyAnnouncement

31/10/2024 13:45

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RNS Number : 4601K  Pharos Energy PLC  31 October 2024

 

Pharos Energy plc

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

 

TOTAL VOTING RIGHTS

 

In accordance with the FCA's Disclosure Guidance and Transparency Rules,
Pharos advises that:

 

As at 31 October 2024, the Company's issued share capital consisted of
425,371,104 ordinary shares of £0.05. The Company holds 9,122,268 shares in
Treasury.

 

The total number of voting rights in the Company is therefore 416,248,836.
This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

For further information, please
contact:

 

Pharos Energy plc
 
Tel: 0207 603 1515

Tony Hunter, Company Secretary

 

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. 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 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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