• FY22 production was 7,166 boe/d and within guidance (6,350-7,800 boe/d). This includes 5,418 boe/d for Vietnam and 1,748 bbl/d for Egypt.
• The FY23 production guidance has been set at 6,050-7,500 boe/d including 4,700-5,700 boe/d for Vietnam and 1,350-1,800 bbl/d for Egypt (3,000-4,000 bbl/d gross).
• The FY23 production guidance in Vietnam is lower than we expected (6.8 mboe/d) as initial production from the two recently drilled wells has been below expectations (2 mbbl/d vs 3 mbbl/d). In ad ....
12 Jan 2023
Pharos Energy Plc (LSE: PHAR): FY22 production in line but FY23 production impacted by macro conditions in Egypt
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Pharos Energy Plc (LSE: PHAR): FY22 production in line but FY23 production impacted by macro conditions in Egypt
Pharos Energy PLC (PHAR:LON) | 23.4 0 0.0% | Mkt Cap: 98.4m
- Published:
12 Jan 2023 -
Author:
Stephane Foucaud -
Pages:
5
• FY22 production was 7,166 boe/d and within guidance (6,350-7,800 boe/d). This includes 5,418 boe/d for Vietnam and 1,748 bbl/d for Egypt.
• The FY23 production guidance has been set at 6,050-7,500 boe/d including 4,700-5,700 boe/d for Vietnam and 1,350-1,800 bbl/d for Egypt (3,000-4,000 bbl/d gross).
• The FY23 production guidance in Vietnam is lower than we expected (6.8 mboe/d) as initial production from the two recently drilled wells has been below expectations (2 mbbl/d vs 3 mbbl/d). In ad ....