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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