Share Name Share Symbol Market Type Share ISIN Share Description
Pharos Energy Plc LSE:PHAR London Ordinary Share GB00B572ZV91 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 0.99% 20.40 149,976 11:08:23
Bid Price Offer Price High Price Low Price Open Price
20.25 20.35 20.40 20.35 20.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 143.04 8.82 -5.13 90
Last Trade Time Trade Type Trade Size Trade Price Currency
12:05:27 O 488 20.3488 GBX

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Date Time Title Posts
20/10/202109:05Pharos Energy-A New Beginning6,630
19/10/202120:59Pharos Energy / Soco International 606
23/5/200300:09The Phuture is bright1

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Pharos Energy Daily Update: Pharos Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PHAR. The last closing price for Pharos Energy was 20.20p.
Pharos Energy Plc has a 4 week average price of 18.58p and a 12 week average price of 18.58p.
The 1 year high share price is 28.65p while the 1 year low share price is currently 11.20p.
There are currently 442,177,174 shares in issue and the average daily traded volume is 461,841 shares. The market capitalisation of Pharos Energy Plc is £90,204,143.50.
emptyend: Lunatic. Clearly you are unable to separate a discussion about the share price performance in very recent years (causing all shareholders including me to have a wealth reduction) from the overall return achieved and banked.This is like claiming to have won a football match by scoring 2 goals in the last five minutes and ignoring the six scored by the other side in the first 85 minutes.More importantly, I don't care what anyone thinks my reality is....I live in and drive in my profits every day in the real world.ps.....distributions to shareholders have been about 5x the current share price.
oilinvestoral: With oil price now back above pre-Covid levels (in some markets hitting 8 year highs), YasX suggested that it might be interesting to compare performance of oil companies since Covid struck. I've compared the companies on my personal O&G watch list and reviewed share price performance between January 2020 (pre-Covid) to October 2021 (today). The list makes interesting reading ZPHR up 491% since Q1 2020 PANR up 401% since Q1 2020PTR up 209% since Q1 2020TXP up 176% since Q1 2020TGL up 110% since Q1 2020ENW up 78% since Q1 2020SQZ up 67% since Q1 2020 (not including dividends)JKX up 61% since Q1 2020 EGY up 28% since Q1 2020PMG up 13.9% since Q1 2020GKP up 5% since Q1 2020 (not including dividends)WEN up 4% since Q1 2020 (not including dividends)ENOG up 2.5% since Q1 2020i3E up 0.5% since Q1 2020 (not including dividends)JSE up 1% since Q1 2020 (not including dividends)CNE down 4.4% since 2020 (not including dividends)TLW down 6% since Q1 2020SAVE down 8% since Q1 2020 but have been suspended since summer ENQ down 8.9% since Q1 2020 RDSB down 23% since Q1 2020 (not including dividends)BP down 27% since Q1 2020 (not including dividends)AEX down 35% since Q1 2020PPC down 55% since Q1 2020PHAR down 62.2% since Q1 2020 HBR down 82% since Q1 2020 but nearly went bankrupt last year!HUR down 87% since Q1 2020 but will most likely go bankrupt due to impending bond repayment Just wanted to dismiss the notions that1. Covid is the reason we find our selves in this sticky pickle 2. Investing in the oil & gas sector was the cause of our woes3. The oil gas price is the reason why we languish 4. Everything inflicted upon us has been due to reasons outside managements control The above are simple facts! Bring on the purple faced "why don't you sell up" crew!! So predictable!!!
oilinvestoral: I'd have more respect for them (& for you for that matter) if the share awards were not "nil-cost share awards"! Why not give them options that are at a small discount to today's share price instead (like most other companies)!!! The only reason they haven't taken you out to the cleaners with the awards from 2018 is because the share price has fallen 80% since then! Think about it FFS! Like I said some will still defend them!
5shar: Short term indicators are bearish but intraday indicators 15min 30m8n are slightly bullish but 4hr is bearish the daily timeframe is just starting to curve at the top looks tired so pullback likely how deep $72 likely if not deeper but the weekly looks very bullish so $82>$88 likely within 6months at that lvl surely Phar will reach 35 has most producers tend to become profitable about $65 but 4 every $1it gains above 72 the producers profitably increases greatly has overall cost don't rise has price increase after a certain point that's were money is made by producers so hoping these buffoons get there act together by year end so we can profit with increase of shareprice and revenues and not hedge at the wrong time and wrong price like before personally I and many are of the view heads must roll replacement of 1/2 the Board with competent ppl who have a track record of delivering and meeting targets will make a big difference with that investors will take a punt on Phar and there will be demand for the shares which will naturally increase price but if same board if there are gains they will not reflect full potential let's be honest who would trust this lot with there equity? Empty can defend the indefensible but fact is crude earlier $75.8 and ohar closed at 20 whilst at $64 a few months ago it was 26 despite the circus 🎪 claiming great success with update and deal announcement price said something different many were expecting instant 25 at open and 28 by close no such in real world that's the reality a change is a must new thinking different thinking approach if that occurs price would very quickly gain traction 28p at $75s Brent
cwa1: https://www.investegate.co.uk/pharos-energy-plc--phar-/rns/farm-out-of-pharos-energy-s-egyptian-assets/202109150700077869L/ Farm-Out of the Pharos Group's interests in the El Fayum and North Beni Suef Concessions, Egypt Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to announce that the Pharos Group has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El Fayum and North Beni Suef Concessions (the "Assets") to IPR Lake Qarun Petroleum Co. ("IPR Lake Qarun"), a wholly owned subsidiary of IPR Energy AG ("IPR") (the "Transaction"). The consideration implies a gross (100%) value of up to US$115 million for the Assets and consists of US$5 million cash at completion of the Transaction, funding of the Pharos Group's retained interest share of the cost of future activities on the Assets for US$38.425 million net (subject to working capital and interim period adjustments from the economic effective date of 1 July 2020), and contingent consideration of up to US$20 million dependent on Brent oil prices in each of the 4 calendar years from 2022 to 2025. Transaction Highlights - Pharos to sell a 55% working interest and operatorship in the producing El Fayum Concession and in the North Beni Suef Concession - The Transaction implies a gross value of up to US$115 million for the Assets, dependent on the Brent Price contingent consideration - Firm consideration of US$5 million upon completion of the Transaction - Disproportionate funding by IPR Lake Qarun of US$38.425 million of costs net to Pharos (to be adjusted for working capital and interim period adjustments from the economic effective date of 1 July 2020) - Additional contingent consideration of up to US$20 million dependent on the Brent Price from 2022 to the end of 2025 (with floor and cap at US$62 / bbl and c. US$90 / bbl, respectively) - Expected to strengthen the Pharos Group's balance sheet and enable a more comprehensive and quicker development of the El Fayum Concession, as well as testing of the low risk North Beni Suef Concession at low cost to Pharos through a sustained drilling programme - Completion currently expected Q1 2022 Ed Story, Chief Executive of Pharos, said: "I am extremely pleased to be able to announce the farm-out of a 55% operated interest in each of our Egyptian Concessions, El Fayum and North Beni Suef, to IPR, a group which has extensive experience in Egypt. The farm-out, while instantly boosting our balance sheet, will allow the entry of a partner who has committed to carry Pharos on a capital programme on these Egyptian assets, which will in turn lead to increased production, helping to fulfil the full potential of the concessions."
emptyend: Yes. I have consistently advised people over the last two decades to sell if they don't like the management. Few seem to do so though - they prefer to stick around and whine when the share price falls, whilst also claiming credit for their own genius during periods when the share price rises (if anyone can still remember such things....)
emptyend: It isn't flawed. Every company has a starting position with the assets it has, and their unique set of obligations, locations etc etc. You simply cannot conclude that management A is better than management B by looking at their share price performances and ignoring the differences in the initial underlying assets.In the case of this management team, they have not done various deals eg Kuwait (governance/accounting issues) and Santos (price) and they chose voluntarily to do Merlon. That last one appears to be an error of judgement (though we all had the chance to look at the full bid prospectus!) that has been made worse by subsequent events. With the benefit of hindsight, we would have been better off without it. But anyone who failed to sell out at the time the deal was done but who still owns the shares, should be aware that criticising it today involves a massive amount of hindsight - and that a large chunk of the share price impact has been down to pandemic impacts.Those are simply facts.
lauders: A bit like the PHAR share price. "Bottom drawer" sums it up nicely!
yasx: "I wonder, idly, whether management of listed companies, and PHAR particularly, give much credence to falling share prices?" I must say i did have a jolly good chuckle at that! Given that the shares have lost 90pc or so over the past few years and the Board think they are doing an admirable job, have they shown any evidence they care one jot as the ludicrous remunerations awards continue. Anyway, on a more general note, for novice investors like CW, the price of shares is not a direct function of the Board of a Co - however, delivering and creating value is, and price over time tends to revert to value (markets are not efficient mechanisms but that is the correlation). One aspect that should ensure a Board is mindful of the price of the shares is if equity has to be issued - in order to mitigate against extent of dilution, the higher the price at which shares are issued the better it is. The Board of Pharos decided to do an emergency issue at near all time lows for a purpose that thus far remains a bit of a mystery since there has since been nothing useful to which the money has been allocated. I am afraid CW and his chum need to read a few books for beginners.
cwa1: Well, if nothing else, the market has spoken fairly clearly on the update with a 10%'ish retreat on the share price from before when it was released. I wonder, idly, whether management of listed companies, and PHAR particularly, give much credence to falling share prices?
Pharos Energy share price data is direct from the London Stock Exchange
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