Pharos Energy PLC TOTAL VOTING RIGHTS REPLACEMENT

RNS Number : 9541I

Pharos Energy PLC

02 April 2024

 

 

GENERAL TEXT AMENDMENT

 

The following amendment has been made to the TOTAL VOTING RIGHTS announcement released on 2 April 2024 at 7:00am under RNS No 8233I.

 

The first date at the top of the announcement which read 28 March 2024 should read 2 April 2024.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

2 April 2024

Pharos Energy plc

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

 

TOTAL VOTING RIGHTS

 

In accordance with the FCA's Disclosure Guidance and Transparency Rules, Pharos advises that:

 

As at 28 March 2024, the Company's issued share capital consisted of 430,153,528 ordinary shares of £0.05. The Company holds 9,122,268 shares in Treasury.

 

The total number of voting rights in the Company is therefore 421,031,260. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:                                                       

 

Pharos Energy plc                                                                                                                                   Tel: [phone]

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.

 

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