Pharos Energy Share Price (PHAR)

For those hyperventilating elsewhere about another woman being in charge, I’d remind people that Bill Higgs was appointed specifically to oversee Vietnam ops and support Vinny.

The proof of the pudding is going to be the rig contract and farmout in 125. A major re-rate should follow news of the drilling timetable.

Interesting news. Bit of a step-up from Wentworth but I expect her experience of selling companies (Wentworth went to M&P) may be useful.

Good to see Katherine Roe (ex Wentworth) appointed as Pharos Energy's new CEO with immediate start. Company is in a strong position as Katherine takes over, new energy and impetus now for growth.

Katherine has over 20 years of senior corporate, industry and capital markets experience and most recently served as the CEO of Wentworth Resources plc (Wentworth),

Thanks emptyend for sharing.

Very lightly-attended AGM with the only shareholders being me and the former Chairman’s brother. Full slate of Directors and advisers though.

VN licence extensions going well and “highly confident” due to recent site visits from the ministries. Should lead to an increase in 2P.

The amalgamation of the Egypt licences sounds like it won’t get finalised until mid-2025.

125 Prospect A is very exciting, with even majors who have turned it down thinking it is oil and (partly because of the multiple stacked plays of different types) think it will get drilled. Quite a long well, even relative to CNV basement, due to depth etc.

I also got the sense that some sort of corporate activity is on the horizon, judging in part from the background being preferred for the new CEO.