Pharos Energy PLC announced that its Chief Financial Officer, Sue Rivett, purchased 3,945 ordinary shares of £0.05 each at a price of £0.247163 per share. This acquisition brings her total number of shares held to 376,939, representing 0.090% of the company's issued capital. The shares were purchased on the open market as part of a trading plan entered into 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 and the Ca Ngu Vang (CNV) field, among others.
In Egypt, the El Fayum Concession, in which 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). Additionally, Pharos holds a 45% working interest in the NBS Concession, located south of the El Fayum Concession. In Vietnam, Pharos has interests in the TGT field and the CNV field, both operated by joint operating companies.
Pharos also holds a 70% interest in, and is the designated operator of, Blocks 125 & 126, located offshore central Vietnam. This diverse portfolio reflects the company's focus on sustainable growth and returns to stakeholders. For further information, interested parties can contact the company secretary, Tony Hunter, at Pharos Energy PLC.