Source - LSE Regulatory
RNS Number : 8364H
Pharos Energy PLC
21 March 2024
 

 

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:

22 September 2023

To:

21 March 2024

Balance of unallotted securities under scheme(s) from previous return:

704,015 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):

 

-

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

704,015 ordinary shares of £0.05

 

 

Name of applicant:

Pharos Energy plc

Name of scheme:

Pharos Energy plc Long-Term Incentive Plan

Period of return:

From:

22 September 2023

To:

21 March 2024

Balance of unallotted securities under scheme(s) from previous return:

6,150,000 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):

 

-

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

6,150,000 ordinary shares of £0.05

For further information, please contact:

Pharos Energy plc                                                                                                                                   Tel: 0207 603 1515

Tony Hunter, Company Secretary

 

Camarco                                                                                                                                                 Tel: 020 3757 4980

Billy Clegg |Rebecca Waterworth |Kirsty Duff |Andrew Turner

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 and Vietnam. In Egypt, Pharos holds a 45% working interest share in the El Fayum Concession in the Western Desert, with IPR Lake Qarun, part of the international integrated energy business IPR Energy Group, holding the remaining 55% working interest. The El Fayum Concession produces oil from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 joint stock company between the contractor parties (being IPR Lake Qarun and Pharos) and the Egyptian General Petroleum Corporation (EGPC). Pharos also holds a 45% working interest share in the North Beni Suef (NBS) Concession in Egypt, which is located immediately south of the El Fayum Concession. IPR Lake Qarun operates and holds the remaining 55% working interest in the NBS 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 (CNV) 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.

 

 

 

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