Pharos Energy plc, an independent energy company with assets in Vietnam and Egypt, provides the following Trading and Operations Update ahead of the Company’s annual general meeting (AGM) on 22 May...
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An independent energy company focused on sustainable growth and returns to stakeholders
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Latest share price (PHAR)
Debt-Free, Stable Dividend and Targeting Growth
Pharos Energy latest operational update reveals a strategy built to thrive in volatile markets. CEO Katherine Roe outlines how their low break-even oil price, debt-free balance sheet, and fully funded drilling campaign in Vietnam position the company for near-term production growth. Meanwhile, advanced talks with the Egyptian government to improve fiscal terms could unlock even more value from their existing assets.
Imaginative, pragmatic and disciplined
Our strategic ambition is to deliver value for all our stakeholders through the responsible management of our current portfolio and the careful selection of growth opportunities.
Pharos at a glance
Countries of operations
2
Oil & gas fields
13
Founding year
1997
Employees
36
Acreage
17,839km2
Blocks & Licences
6
Geographically diverse portfolio
Egypt
High quality oil production operations and development assets and exploration blocks, building our scale and creating significant opportunities.
Vietnam
Established and valuable assets, with production at two fields and further potential for growth from two additional exploration blocks.
Latest news
The Annual Report & Accounts of the Company for the year ended 31 December 2024 (“Report and Accounts”) in pdf and ESEF compliant format, and a Shareholder Circular which includes Notice of the 202...
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The Pharos Way
Driven by the strength, skills and imagination of our people, we are making a positive impact in everything we do.
