RNS Number : 0830BPharos Energy PLC31 May 2023

31 May 2023

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

DIRECTORS/PDMR SHAREHOLDINGS

Share Purchases by Directors

The Company was notified on 30 May 2023 that, on the same day, Jann Brown, the Chief Executive Officer and Sue Rivett, the Chief Financial Officer, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") at a purchase price of £0.22781 per Share. The Shares were purchased on the open market pursuant to trading plans entered into by each Director on 19 April 2022.

Director

Number of Shares purchased

Total number of Shares held following purchase

% of Company's Issued Capital (excluding treasury shares)

Jann Brown

28,740

1,980,491

0.460%

Sue Rivett

4,281

243,646

0.057%

For further information, please contact:

Pharos Energy plc                                                                                                                                Tel: 0207 603 1515

Tony Hunter, Company Secretary

Notes to editors

Pharos Energy plc is an independent oil and gas exploration and production 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. 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.

1

Details of the person discharging managerial responsibilities

a)

Name

JANN BROWN

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

PHAROS ENERGY PLC

b)

LEI

549300DDKLXYLLO4N524

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

ORDINARY SHARES OF £0.05 EACH

GB00B572ZV91

b)

Nature of the transaction

Acquisition of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.22781

28,740

d)

Aggregated information

-      Aggregated volume

-      Price

28,740

£6,547.26

e)

Date of the transaction

30/05/23

f)

Place of the transaction

X-LON

1

Details of the person discharging managerial responsibilities

a)

Name

SUE RIVETT

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

PHAROS ENERGY PLC

b)

LEI

549300DDKLXYLLO4N524

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

ORDINARY SHARES OF £0.05 EACH

GB00B572ZV91

b)

Nature of the transaction

Acquisition of Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.22781

4,281

d)

Aggregated information

-      Aggregated volume

-      Price

4,281

£975.25

e)

Date of the transaction

30/05/23

f)

Place of the transaction

X-LON

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