Pharos Energy Takeover Rumours (PHAR)

Oilinvestoral, I fully relate to and share the frustration of long term holders. I initially bought some shares around ~2018/9 in the hope that the large amount of cash on the balance sheet would be wisely used as the oil market settled into a new normal. Unfortunately, I hadn’t fully appreciated management lethargy and recently, the constant moving of goal posts. Like you, I think Katherine is a good upgrade and believe that having an active investor on board will result in further changes for the better. She should improve capital allocation which has been poor in the past. On the technical front, once the board changes are complete, I would like to see Pharos use its London listing for a reverse takeover, preferably one that comes with a good technical team. I suspect that may be one of the options Bradley may be considering.