On 6 March 2020, Pharos Energy plc ("Pharos") confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt NV’s (an affiliate of Royal Dutc...
We have high quality oil production operations and development assets and exploration blocks in Egypt, building our scale and creating significant opportunities. We continue to work with local teams to generate value and evolve the assets into a viable production and development business.
The El Fayum concession is located in the low-cost and highly prolific Western Desert, about 80km south west of Cairo and close to local energy infrastructure.
Further to the announcement on 29 March 2019, the Group is pleased to announce the completion of the acquisition of Merlon Petroleum El Fayum Company ("Merlon") from Merlon International LLC (the “...
The Company is pleased to announce the satisfaction of the regulatory conditions to its proposed acquisition (the "Proposed Transaction") of Merlon Petroleum El Fayum Company ("Merlon"), following...
Established and valuable assets, with production at two fields and further potential for growth from two additional exploration blocks.