13th Jun 2023 11:54
Pharos Energy PLC - London-based oil and gas exploration and production company focused on South East Asia and the Middle East - Receives approval from the Vietnamese government for a two-year extension of phase one of its exploration period for the block 125 and block 126 production sharing contract. Says the extension now runs to November 7, 2025 from November 8, 2023.
Chief Executive Officer Jann Brown says: "This approval shows the encouraging level of support from the government while we progress our discussions with a number of interested parties to secure a farm-in partner before drilling the commitment well on block 125."
Current stock price: 22.35 pence, up 1.6% on Tuesday
12-month change: down 11%
By Greg Rosenvinge, Alliance News reporter
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