Which well did Pharos Energy PLC spud in Egypt in June 2026?

Pharos Energy plc is an independent oil and gas exploration and production company focused on the development of conventional hydrocarbon assets in Africa and the Middle East. The company operates producing fields and exploration projects primarily in Egypt and Iraq, generating revenue from crude oil and natural gas sales. As a small-cap listed on the London Stock Exchange, Pharos is in the mid-stage production phase with operations scaled to regional market conditions.

Sector: Oil & Gas
Market: MAINMARKET

Insight

What takeover was agreed for Pharos Energy Plc on 24 June 2026?

Pharos Energy Plc agreed a recommended all‑cash takeover with Ratio Petroleum Energy LP on 24 June 2026, with the scheme conditional on regulatory clearances in Vietnam and Egypt and court sanction.

Updated 24 Jun 2026

Insight

Which Vietnam fields did Pharos Energy PLC identify as having mature, declining production?

Pharos Energy PLC identified the TGT and CNV fields in Vietnam as having mature, declining production.

Updated 24 Jun 2026

Insight

What fair value did Shore Capital Markets assign to Pharos Energy Plc on 8 June 2026?

On 8 June 2026 Shore Capital Markets raised its fair value for Pharos Energy Plc to 38p per share.

Updated 24 Jun 2026

Insight

When is PHAROS ENERGY PLC's Annual General Meeting scheduled?

PHAROS ENERGY PLC's Annual General Meeting is scheduled for 21 May 2026 at 14:00 BST.

Updated 24 Jun 2026

Insight

What 2026 capital expenditure guidance did Pharos Energy PLC maintain?

Pharos Energy PLC maintained 2026 capital expenditure guidance of approximately $50 million.

Updated 24 Jun 2026

Identifiers

Ticker: PHAR
Market: MAINMARKET
ISIN: GB00B572ZV91
LEI: 549300DDKLXYLLO4N524

Learn more on:

GLEIF Companies House

Timeline

Ratio Petroleum makes all-cash recommended bid for Pharos Energy

Pharos clears Egyptian receivables and restarts drilling

Pharos Energy says five of six Vietnam wells onstream as output meets guidance

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