Pharos Energy Share Discussion Threads

[nigelpm] 30/3/2023 21:14

Really was. Cringeworthy stuff. They did answer my question on Bradley though.

[oilinvestoral] 30/3/2023 20:11

Embarrassing!!

[nigelpm] 30/3/2023 14:54

Poor old Sue - firstly fiddling around with her camera and then phone going off on the Investor meet call.

[cwa1] 28/3/2023 15:54

Apologies, the poster seems to be spamming that everywhere-but there isn't anything I can do about it unfortunately...

[daniel levi bmd] 28/3/2023 10:48

FYI

Exclusive! Coro Energy Confirmed; JV Talks on 'Stranded' 1.1Trillion Gas Asset! in Balochistan! (BUY)


Dan
x

[oilinvestoral] 28/3/2023 10:30

Need more rigs as 1-2 rigs only keeps production flat or gives minimal growth. They can't seem to secure a second rig for love nor money. Auctus seem to think it's more likely to happen next year (even though the presentation shows that another rig is pencilled in later this year)...

[34adsaddsa] 27/3/2023 08:05

The Egypt guidance is so bad. Are IPR throttling capex because they cashflow issues due to non-payment by the Government?

[oilinvestoral] 26/3/2023 22:39

This is very good news. Our own Jann Brown makes a quote in the article... Vietnam improves its petroleum law in bid to boost oil and gas fortuneshttps://www.upstreamonline.com/politics/vietnam-improves-its-petroleum-law-in-bid-to-boost-oil-and-gas-fortunes/2-1-1424695Operators in Vietnam are rejoicing about the country's new petroleum law, which could unlock some of the nation's exploration potential and reduce the burden of red tape as well as incentivising new production.The new law will come into force on 1 July 2023 having already been approved by the National Assembly.The two main themes in the new law are understood to be the introduction of fiscal incentives for frontier exploration and marginal field development, and a reduction of the regulatory burden.

[ark87] 26/3/2023 01:06

"J Brown Total Salary $1,145,000
Fixed $453,692
Variable $692,000"

Wow... How many hours per day do we think Jann spends working on Pharos? Doesn't seem like much is happening?!

[oilinvestoral] 25/3/2023 14:54

Fair points! Based on previous performance, you're very right to be worried. Re: the oil price, The far east is very energy hungry ATM and don't give a flying focaccia about the E in ESG! India has just sanctioned a multi billion dollar drilling & development campaign and the population continues to grow (1.4 billion & counting). All of whom will be consuming more energy. The lack of under-investment in oil since 2016, will soon come home to roost! Us Snyder Oil share holders have literally demonstrated patience of Shaolin monks! So it grated on me when others were telling us to be patient! However, we have waited this long and endured 3 years without dividends or capital growth) we may as well wait and see what 125 might bring. In the meantime, we can collect a few pennies per share in divi this year & next. All IMHO / DYOR

[richalert] 25/3/2023 12:57

OlAl. Yes I have to agree. I am worried about the Vietnam production, I'm worried about oil price. I'm just generally worried, because I can't continue to hold much longer. And longer is what it may take.

[oilinvestoral] 25/3/2023 10:24

"I am now definitely of the opinion that this company is just going to be milked of its final asset, and the shareholders will be left with nothing"-------------Rich alert That may be true but if you do a discounted FCF analysis on how much cash can be generated can be generated by this "milking" process before the licenses expire, it's still significantly more than the current share price. Assuming oil price doesn't crash and assuming they can maintain a LT Vietnam average production of $6,000-7000 BOPD. I have mentally written off Egypt many moons ago but even that , has got to be worth $20-30m (I know it's a far cry from the near quarter of a billion we paid for it but that another story). But even at $30m, it's worth 5p per share! The explo assets on block 125 are valued at zilch and once we have a farm out partner we may be able to assign some pennies to that asset as well. Like I have said many times previously in discussions with another poster, this is a play on oil price and the FCF generation of the Vietnam assets... It's worth much more than 22p, despite what could arguably be seen as the worst management team among London listed oilies!

[oilinvestoral] 25/3/2023 02:55

What have you got against working from home?

[oilinvestoral] 25/3/2023 02:50

I see the other board has been spammed by ALL CAPS ASHKV ! SMH Wasn't long ago he were ramping the backside out of it and lambasting anyone who highlighted the issues with bad management, poor hedging and lack of operational activity! I wonder if he still thinks they will be debt free by the end of 2022? Oops Now he has sold, he has changed his tune .... How things have changed!

[robs12] 24/3/2023 21:37

"Good fortune one and all" ....It won't be from being invested here....

Just popped in to see the comments on the results, ashkv pretty much sums it up.
Best of luck to anyone still holding.

[cwa1] 24/3/2023 16:51

Another traumatic week draws to a close. There seem to be TOO many of them these days :-(

Hope all and sundry are bearing up under the duress.

Good fortune one and all and have a great weekend!

Cheers

[ashkv] 24/3/2023 11:15

i am not attending the Investor Meet company presentation as it is boring, pointless, puts me to sleep, I have sold out - and far more compelling E&P candidates (Jadestone Energy, Kistos etc) to invest in as compared to PHAR

Just ranting as I have been in and out of this share and been tracking for a while....

[ashkv] 24/3/2023 11:13

For a firm with a market cap of GBP 97 million, share price down 20% over 12 months and 78% over five years - with nothing delivered in the past year... firm on auto-pilot or WORSE... pigs at the trough...

Per Pharos 2021 Annual Report Jann Brown Salary

J Brown Total Salary $1,145,000
Fixed $453,692
Variable $692,000



Compare this to I3E which has actually delivered - Majid Shafiq Total GBP1,074,000
Or even Paul Baay at TXP US$816,662 who while recently being subpar has had a good few year prior with TXP!!!

[richalert] 24/3/2023 10:51

I am now definitely of the opinion that this company is just going to be milked of its final asset, and the shareholders will be left with nothing. Will there be a chance to get out at a more realistic price though? I thought so, but am now beginning to think otherwise.
By the time anything meaningful happens here, if it does, oil will be a dirty word, and not worth drilling for.

[nigelpm] 24/3/2023 07:45

See what Bradley thinks of it!

[cwa1] 24/3/2023 07:36

Seems entirely fair and well deserved...

GRANT OF SHARE AWARDS TO DIRECTORS/PDMRs



...just hope the performance conditions are not TOO stretching for the poor lambs :-/

[ark87] 23/3/2023 20:22

lets hope the recent weakness in oil prices haven't put Bradley Radoff off. Although after that last update he might be wondering why he bothered.

[cwa1] 23/3/2023 08:19

Also...

23 March 2023

Pharos Energy plc

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

Investor Presentation

Pharos Energy plc, an independent energy company, is pleased to announce that Jann Brown - CEO, Sue Rivett - CFO, Mohamed Sayed - Group Head of Technical, and Minh-Anh Nguyen - Investor Relations Analyst, will provide a live Investor Presentation relating to the 2022 Preliminary Results via the Investor Meet Company platform on Thursday 30 March 2023 at 3:00pm BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet PHAROS ENERGY PLC via:



Investors who already follow PHAROS ENERGY PLC on the Investor Meet Company platform will automatically be invited.