• 1H22 WI production and net debt at the end of June had already been reported. The company has re-iterated its FY22 production guidance.
• Development drilling in Vietnam is expected to start in September. Exploration drilling is expected to start at Block 125 in September 2023 with a minimum obligation of US$15 mm. This is a high impact well to which we are not yet attributing any value. A farm-in partner could be secured ahead of that date.
• Pharos generated ~US$46 mm in operating cashflow b ....
14 Sep 2022
Pharos Energy Plc (LSE: PHAR): Re-instating a material dividend
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Pharos Energy Plc (LSE: PHAR): Re-instating a material dividend
Pharos Energy PLC (PHAR:LON) | 23.6 0 0.4% | Mkt Cap: 99.0m
- Published:
14 Sep 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 1H22 WI production and net debt at the end of June had already been reported. The company has re-iterated its FY22 production guidance.
• Development drilling in Vietnam is expected to start in September. Exploration drilling is expected to start at Block 125 in September 2023 with a minimum obligation of US$15 mm. This is a high impact well to which we are not yet attributing any value. A farm-in partner could be secured ahead of that date.
• Pharos generated ~US$46 mm in operating cashflow b ....