Pharos Energy reports strong mid-year results

Pharos Energy (EN:PHAR) released an update.

Pharos Energy PLC maintained production within its 2024 guidance, delivering a solid financial position with a strong net cash position, supported by significant receivables collected from Egypt and continued shareholder returns through dividends and a share buyback program. The Company anticipates continued growth from upcoming drilling programs in Vietnam and Egypt, as well as operational and corporate developments, including new management appointments and auditor changes.

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