We aim to build a business focused on generating sustainable returns. We look to grow Pharos through responsible management of its current portfolio and the careful selection of new opportunities, particularly those with near term low cost onshore development and, where appropriate, exploration assets with transformative potential within Asia and MENA.

Our strategic growth opportunities include: discovered resources, development and exploration organic potential, and M&A. We have a continued commitment to operating a sustainable business. Our business strategy incorporates Environmental, Social and Governance and is considered in all our growth opportunities.

Inputs

Our people

  • Extensive industry experience
  • Technical expertise
  • Commercial acumen
  • Relationships

Our investment strategy

  • Investment in assets
  • Organic growth
  • Mergers and acquisitions

Our capital

  • Low operating cost
  • Financial prudence
  • Modest gearing target

Assess

We assess opportunities which offer a superior risk weighted return. Our experienced management team identify established high margin, low risk producing assets enabling geographical asset diversification and increase in exploration acreage growth leading to value growth.

Value outputs

Growth opportunities

  • Existing discovered resources
  • New blocks in Egypt and Israel
  • Conventional and unconventional + exploration potential
Further reading

Produce & Develop

Our production increase through development of existing discovered resource. Maximising margins through optimising production and low operating costs. Responsible operations, operating safely at all times.

Value outputs

Growth production metrics

  • Responsible and safe operations
  • Low cost per barrel
  • Development of discovered Egyptian resources
  • Continued development of Vietnam assets
Further reading

Invest

Our investment programme will continue to be allocated over our asset base in a disciplined manner to deliver sustainable returns for our stakeholders. We maintain a culture of prudent financial management, capital allocation, and capital returns.

Value outputs

Stakeholders

  • NAV growth and share price
  • Dividend payments
  • Local capability
  • In country economic contribution and social investment
  • Employment and training
Further reading