Pharos Energy PLC External Directorship (5561B)
June 10 2021 - 11:38AM
UK Regulatory
TIDMPHAR
RNS Number : 5561B
Pharos Energy PLC
10 June 2021
10 June 2021
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries,
the "Group")
External Directorship
In accordance with Listing Rule 9.6.14, further to the
announcement on 28 April 2021, Pharos Energy plc confirms that,
following shareholder approval at the RHI Magnesita N.V Annual
General Meeting held earlier today, Jann Brown, Pharos' Managing
Director and Chief Financial Officer, has been appointed as an
independent non-executive Director of RHI Magnesita N.V. (LSE:
RHIM), a directorship which is held externally to Pharos Energy
plc.
Enquiries
Pharos Energy plc Tel: 0207 603 1515
Tony Hunter, Company Secretary
Camarco
Tel: 020 3757 4980
Billy Clegg | Owen Roberts | Monique Perks
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, Vietnam and Israel.
In Egypt, Pharos holds a 100% working interest in the El Fayum
oil Concession in the Western Desert. The Concession produces from
10 fields and is located 80 km southwest of Cairo. It is operated
by Petrosilah, a 50/50 JV between Pharos and the Egyptian General
Petroleum Corporation (EGPC). Pharos is also an operator with a
100% working interest in the North Beni Suef (NBS) Concession,
which is located immediately south of the El Fayum 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 (CVN) 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.
In Israel, Pharos together with Cairn Energy plc and Israel's
Ratio Oil Exploration, have eight licences offshore Israel. Each
party has an equal working interest and Cairn is the operator.
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END
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