Last checked at 16 Oct 2019 16:30
Pharos Energy plc (formerly SOCO International plc)
(the "Company" or, together with its subsidiaries, the "Group")
Change in registered name to Pharos Energy plc
Following the Company's announcement earlier today on the passing of the special resolution to change the registered name of the Company to Pharos Energy plc, the Company now confirms that the change has become effective through issue by the Registrar of Companies of the corresponding certificate of incorporation on change of name.
The change of name has been notified to the Financial Conduct Authority and the London Stock Exchange, and trading in the Company's shares under the new name and ticker symbol "PHAR" is expected to commence at 8.00 a.m. tomorrow, 17 October 2019. The Company will make a further announcement tomorrow morning when the new ticker symbol is active.
As stated in the circular to shareholders dated 27 September 2019 in connection with the change of name, the Company intends to change the domain name of its principal corporate website to www.pharos.energy. A separate announcement to this effect will follow in due course.
Shareholdings in the Company will be unaffected by the change of name and existing share certificates issued by the Company should be retained as they will remain valid for all purposes. Any new share certificates issued by the Company will bear the new name.
ENQUIRIES:
Pharos Energy plc Tel: 020 7747 2000
Ed Story, President and Chief Executive Officer
Jann Brown, Managing Director and Chief Financial Officer
Mike Watts, Managing Director
Sharan Dhami, Group Head of Investor Relations
Camarco Tel: 020 3757 4980
Billy Clegg/ Owen Roberts/Monique Perks
NOTES TO EDITORS
Pharos is an international oil and gas exploration and production company, headquartered in London and listed on the London Stock Exchange.
The Group has production, development and exploration interests in Egypt and Vietnam.
In Egypt, the Group holds a 100% working interest in the El Fayum oil concession in the Western Desert, one of Egypt's most established and prolific hydrocarbon basins. The concession produces from 10 fields and is located 80 km south west of Cairo. It is operated by Petrosilah, a 50/50 JV between the Group and Egyptian General Petroleum Corporation. In Vietnam the Group holds a 30.5% working interest in the Te Giac Trang Field in Block 16-1, which is operated by the Hoang Long Joint Operating Company. Block 16-1 is located in the shallow water Cuu Long Basin, offshore southern Vietnam and a 25% working interest in the Ca Ngu Vang field in Block 9-2, which is operated by the Hoan Vu Joint Operating Company. Block 9-2 is located in the shallow water Cuu Long Basin, offshore southern Vietnam. The Group also holds a 70% interest in and is designated operator of Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, offshore central Vietnam.