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RNS Number : 6254D Pharos Energy PLC 11 September 2024
11 September 2024
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries, the "Group")
Investor Presentation via Investor Meet Company - Interim Results 2024
Pharos Energy plc, an independent energy company, is pleased to announce
that Katherine Roe - CEO, Sue Rivett - CFO, Mohamed Sayed - COO, and Minh-Anh
Nguyen - Senior IR & ESG Associate, will provide a live presentation
relating to its Interim Results 2024 via Investor Meet Company on Wednesday 18
September 2024 at 12:00 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 17 September 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
Katherine Roe, Chief Executive Officer
Sue Rivett, Chief Financial Officer
Mohamed Sayed, Chief Operating Officer
Camarco
Tel: 020 3757 4980
Billy Clegg | Georgia Edmonds | Violet Wilson | 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 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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