23rd Jan 2025 14:27
Pharos Energy PLC - London-based energy company with assets in Vietnam and Egypt - Says group working interest net production is 5,801 barrels of oil equivalent per day in 2024, down 11% from 6,508 barrels in 2023 but in line with guidance, with 2024 figures including 4,361 barrels per day from Vietnam and 1,440 barrels from Egypt. Full-year revenue totals approximately USD134 million, down 20% from USD168.1 million, with around USD115 million from Vietnam and USD19 million from Egypt. For 2025, Pharos expects group working interest net production of between 5,000 and 6,2000 boepd, of which between 3,600 and 4,600 barrels would come from Vietnam and between 1,400 and 1,600 from Egypt. Says it expects drilling activities this year to deliver incremental production volumes in 2026 and beyond. Read More
