Last checked at 21 Mar 2022 16:35
21 March 2022
Pharos Energy plc
("Pharos" or the "Company" or, together with its subsidiaries, the "Group")
Block Listing Six Monthly Return
Pharos Energy plc, as required by the rules of the Financial Conduct Authority, notifies the following routine information regarding the Company's existing block listing arrangements in connection with its employee share scheme and the awards granted under this in the past:
Name of applicant: | Pharos Energy plc | |||
Name of scheme: | 2011 Long-Term Incentive Plan | |||
Period of return: | From: | 20 September 2021 | To: | 21 March 2022 |
Balance of unallotted securities under scheme(s) from previous return: | 1,000,000 ordinary shares of £0.05 | |||
Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): | - | |||
Less: Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G): |
385,427 ordinary shares of £0.05 | |||
Equals: Balance under scheme(s) not yet issued/allotted at end of period: | 614,573 ordinary shares of £0.05 | |||
Enquiries
Pharos Energy plc Tel: 0207 603 1515
Tony Hunter, Company Secretary
Camarco Tel: 020 3757 4980
Billy Clegg | Owen Roberts | Monique Perks
Notes to editors
Pharos Energy plc is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, which is listed on the London Stock Exchange. Pharos has production, development and/or exploration interests in Egypt, Vietnam and Israel. In Egypt, until completion of the farm-out to IPR Energy announced on 15 September 2021 (the "Farm-out Transaction"), Pharos holds a 100% working interest in the El Fayum oil Concession in the Western Desert. The Concession produces from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 JV between Pharos and the Egyptian General Petroleum Corporation (EGPC). Similarly, until completion of the Farm-Out Transaction occurs, Pharos is also an operator with a 100% working interest in the North Beni Suef (NBS) Concession, which is located immediately south of the El Fayum Concession. In Vietnam, Pharos has a 30.5% working interest in Block 16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by the Hoang Long Joint Operating Company. Pharos' unitised interest in the TGT field is 29.7%. Pharos also has a 25% working interest in the Ca Ngu Vang (CVN) field located in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Blocks 16-1 and 9-2 are located in the shallow water Cuu Long Basin, offshore southern Vietnam. Pharos also holds a 70% interest in and is designated operator of Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, north east of the Cuu Long Basin, offshore central Vietnam. In Israel, Pharos together with Capricorn Energy PLC (formerly known as Cairn Energy PLC) and Israel's Ratio Oil Exploration, have eight licences offshore Israel. Each party has an equal working interest and Capricorn Energy is the operator.