Pharos Energy PLC recently announced that its Chief Financial Officer, Sue Rivett, purchased 4,013 ordinary shares of £0.05 each at a price of £0.2430 per share. This acquisition was made on the open market pursuant to a trading plan entered into on 19 April 2022. Following this purchase, Sue Rivett now holds a total of 372,994 shares, representing 0.089% of the company's issued capital, excluding treasury shares.
In other news, Jann Brown stepped down from the Board on 30 April 2024, resulting in the termination of the trading plan previously entered into by Jann Brown on 19 April 2022.
Pharos Energy PLC is an independent oil and gas exploration and production company listed on the London Stock Exchange. The company has interests in Egypt and Vietnam. In Egypt, Pharos holds working interests in the El Fayum Concession and the North Beni Suef (NBS) Concession. In Vietnam, the company has working interests in Block 16-1, which contains the Te Giac Trang (TGT) field, and in the Ca Ngu Vang (CNV) field located in Block 9-2. Additionally, Pharos holds interests in Blocks 125 & 126, located offshore central Vietnam.
The El Fayum Concession in Egypt, where Pharos holds a 45% working interest, produces oil from 10 fields and is operated by Petrosilah, a joint stock company between IPR Lake Qarun and Pharos, along with the Egyptian General Petroleum Corporation (EGPC). In Vietnam, Pharos has a 30.5% working interest in Block 16-1, which is operated by the Hoang Long Joint Operating Company, and a 25% working interest in the Ca Ngu Vang (CNV) field located in Block 9-2, operated by the Hoan Vu Joint Operating Company.
Pharos Energy PLC's diverse portfolio and strategic partnerships position the company for sustainable growth and returns to stakeholders. For further information, interested parties can contact the company secretary, Tony Hunter, at 0207 603 1515.