Pharos Energy PLC - London-based oil & gas explorer - Vietnam's Ministry of Industry & Trade has granted a two-year extension to the Te Giac Trang field licence. The licence now runs to December 7, 2026, as the first stage of the full five-year licence extension. Pharos remains confident in securing a licence extension of a further three years to 2029, which will be pursued in due course in accordance with the licence terms.
Current stock price: 14.72 pence
Year-to-date change: down 72%
By Tapan Panchal; tapanpanchal@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Pharos Energy (PHAR)