Exploration Acreage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...