Upper Bahariya News Today

Pharos Energy, an independent oil and gas exploration and production company, has announced its interim results for the six months ended 30 June 2023

Oil Asset Has Estimated Mean Resource of 13 Bbbl

Pharos Energy has begun drilling a three-well development campaign while it waits to complete a farm-out deal with IPR Energy.

Pharos Energy has announced a return to drilling in its El Fayum Concession in Egypt, with the commencement of an interim three-well development programme.

This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). Upon the publication of this Announcement, this inside information is now considered

  United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following update on the drilling of the Al Jahraa-8 ("AJ-8") development well in the Abu Sennan concession, onshore Egypt (the "Licence"). United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt.   Highlights from AJ-8 Well: · Initial interp...

Pharos Energy has provided an update on its activities in Egypt and Vietnam. The Company reports a modest discovery in Egypt, reconfirming the potential for additional oil on the El Fayum concession. In Vietnam, Pharos is poised to commence a low risk development drilling programme in the Cuu Long Basin and a 3D seismic acquisition programme over exploration acreage in the Phu Khanh Basin.

Oil price Oil is doing nothing as the reporting agencies come in with their monthly reports, even a decent set of inventory stats seemed to be ignored...