Pharos Energy Share Discussion Threads

[panthers17] 22/12/2022 10:58

Pharos stock purchases slowing down. Hopefully, they’ll announce a further buy back and stock dividend on 12/01/2023

[jimarilo] 22/12/2022 01:55

Been in planning from at least September 2016 .........Open border policy

How does that grab you ???

Global Compact for Migration

The Global Compact for Migration is the first-ever UN global agreement on a common approach to international migration in all its dimensions. The global compact is non-legally binding. It is grounded in values of state sovereignty, responsibility-sharing, non-discrimination, and human rights, and recognizes that a cooperative approach is needed to optimize the overall benefits of migration, while addressing its risks and challenges for individuals and communities in countries of origin, transit and destination.

The global compact comprises 23 objectives for better managing migration at local, national, regional and global levels. The compact:

aims to mitigate the adverse drivers and structural factors that hinder people from building and maintaining sustainable livelihoods in their countries of origin;

intends to reduce the risks and vulnerabilities migrants face at different stages of migration by respecting, protecting and fulfilling their human rights and providing them with care and assistance;

seeks to address the legitimate concerns of states and communities, while recognizing that societies are undergoing demographic, economic, social and environmental changes at different scales that may have implications for and result from migration;

strives to create conducive conditions that enable all migrants to enrich our societies through their human, economic and social capacities, and thus facilitate their contributions to sustainable development at the local, national, regional and global levels.

The list of the 23 objectives can be found in paragraph 16 of the Global Compact for Migration.

[panthers17] 21/12/2022 11:04

12/01/23 - Trading & Operations Update January 2023

[yasx] 19/12/2022 14:49

Jimarilo16 Dec '22 - 22:25 - 1751 of 1751
0 0 0
Still think everything is normal ???

------------------------------

You most certainly are not.

[jimarilo] 16/12/2022 22:25

Still think everything is normal ???


Human meat project! People for people! You can do your own research, but watch this!



H ttps://humanmeatproject.com/

[yasx] 16/12/2022 19:40

Either that or a bidder for the entire group - although the Egyptian assets make that less likely.

[magic_spehar] 16/12/2022 18:40

We are back at square 1. The main issue remains the same. After a dreadful performance as an executive director Jannice was promoted to CEO.
As long as Jann remains at the helm of this company it has no future at all. I totally agree with yasX, the activist is our only hope.

[yasx] 16/12/2022 16:54

A buyback and firm oil price can only offer some support - absent any operational progress, it starts to look grim again.

Everything was perfectly set up for Jann to really propel Pharos higher - only required reasonable execution.

Jann has once again managed to secure defeat from the jaws of victory.

All hopes were on the recent holder forcing change, but I suspect he has realised the shareholder base, for reasons no sane person can fathom, are simply unwilling to let her go.

Oh well.

[yasx] 16/12/2022 15:59

OilAl,

Everything is delayed. There has been nil tangible progress on any front.

I doubt a partner arrives anytime soon, less still any drilling of that prospect.

I reckon she will attribute the inaction to Ukraine.

[amaretto1] 14/12/2022 06:59

Are Vietnam playing ball ??Jann

[amaretto1] 14/12/2022 06:44

Why all shorts loading up here ??

[amaretto1] 14/12/2022 06:24

What's the shorts situation here ?

[amaretto1] 14/12/2022 06:24

I'm hearing bad things here !!!Be careful longs

[glavey] 14/12/2022 05:01

"I do wonder with all the time she spends on Pharos how she ever manages to do anything else."

Women multitask. Handy when WFH.

[oilinvestoral] 14/12/2022 02:22

Yas Re geographical risk at SAVE : it was always an African focused explorer/ producer. So always came with geographical/ geopolitical risk. I actually like the fact that they are geographically more diverse now. I avoided it like the plague when they only had Nigerian production on the books a couple of years ago. Now that they potentially have producing assets in Nigeria, Cameroon, Chad, Sudan and Niger (production to come). All very risky countries but at least the risk is diversified and a coup or political risk in one country shouldn't lead to a catastrophe! Regarding our beloved PHAR: Exploration drilling is subject to a deadline of H2 2023. That's when the exploration licence expires (if not extended). They need to drill in Q3 next year. So they better have some partner announced shortly because prep can easily take 6 months +! I doubt Jann would be foolish enough to "go it alone". So I expect some farm out deal soon. Question is : what percentage of our 70% will we have to give up to secure a free carry ? Last year Ed was talking about retaining around 30%... let's see! I am very surprised about the lack of update about TGT/ CNV ! I had hoped we would hear something re those 3 wells + the Egypt exploration well. Although I suspect they have delayed that to 2023....I'm hoping that they will continue with the buyback beyond the messily $3m as that barely covers vesting of their performance awards...

[yasx] 13/12/2022 21:20

There is a lot of geographical risk now with SAVE, but, on paper, they really have taken huge strides over the past three years. I agree the price will move higher upon resumption of trading, as it did the last time it came back from a prolonged period in suspension.

Meanwhile, back at Pharos, well, even if we accepted that June is July and the first half is the second, the year is now almost over and still no further on any front. No drilling update, no partner on 125 let alone any drilling, and who knows how Egypt is faring.

But, at least Jann has given us a buyback - what a tremendous achievement. I think she deserves a much improved bonus for the year ahead. I do wonder with all the time she spends on Pharos how she ever manages to do anything else.

[ashkv] 13/12/2022 11:26

Page 9 of below presentation - 95% of Q3 & Q4 2023 presentation unhedged

hxxps://www.pharos.energy/media/z4pb2pd3/pharos-2022-interim-results-presentation_14-09-2022_final.pdf

[ashkv] 13/12/2022 11:23

This info is available in the company's presentation on their website.

Per management they are required to hedge a certain portion of Malaysian production given banking arrangement/credit facility.

Management communicated they are looking to renegotiate this clause with the relevant bank. Moreover as debt is repaid - less need to hedge and also given general uplift in Brent prices - new hedges should be at a higher rate than prior.

Researchcentre123
12 Dec '22 - 09:46 - 1732 of 1734
0 0 0
Hi everyone, I've just started looking at this stock. Can someone tell me when the hedging at low rates comes to an end, and also who Ettore Contini is - is that the racing driver? If so seems an odd business for a racing driver to be the main shareholder in.

[oilinvestoral] 13/12/2022 02:06

Hi Yas On my initial review I thought it was way too big and may be Andrew had bit off more than he could chew. Having looked at the details again, it seems very manageable and they don't plan on raising any fresh equity (fully funded by debt and cash flow). They plan to pay it off with cash flow from 6 months. It now puts SAVE as the number 1 London listed African oily and overall, its now in the same league as HBR. The share price gaps up when it restarts trading IMHO! VLU was recently also engaged some fruitful M&A recently. JSE are also apparently taking a close look at a number of potential assets. The industry is fairly busy everywhere... apart from Pharos !

[yasx] 13/12/2022 01:52

OilAl,

Very interesting deal over at SAVE.

[researchcentre123] 12/12/2022 09:46

Hi everyone, I've just started looking at this stock. Can someone tell me when the hedging at low rates comes to an end, and also who Ettore Contini is - is that the racing driver? If so seems an odd business for a racing driver to be the main shareholder in.

[glavey] 08/12/2022 16:06

Looking forward to hitting the ground...