Business
External Directorship
External Directorship.
About this update from Pharos Energy Plc
[{"type":"text","content":"\n \n \n 9 June 2022\n \n \n \n \n \n Pharos Energy plc\n \n \n (\"Pharos\" or the \"Company\" or, together with its subsidiaries, the \"Group\")\n \n \n \n \n \n \n \n \n External Directorship\n \n \n \n \n \n \n In accordance with\n Listing Rule 9.6.14, Pharos Energy plc confirms that, Lisa Mitchell, a Non-Executive Director of the Company, has been appointed to the Board of Orca Energy Group Inc. a TSX-V listed company, a directorship which is held externally to Pharos Energy plc. Lisa currently serves as Chief Financial Officer of Orca Energy Group Inc and this Board appointment became effective following shareholder approval at the Orca Energy Group plc Annual General Meeting held on 8 June 2022.\n \n \n .\n \n \n \n Enquiries\n \n \n \n Pharos Energy plc \n Tel: 0207 603 1515\n \n \n Tony Hunter, Company Secretary\n \n \n \n \n \n Camarco\n Tel: 020 3757 4980\n \n \n Billy Clegg | Rebecca Waterworth | Georgia Edmonds\n \n \n \n \n \n Notes to editors\n \n \n Pharos Energy plc is an independent oil and gas exploration and production company with a focus on sustainable growth and returns to stakeholders, which is listed on the London Stock Exchange. Pharos has production, development and/or exploration interests in Egypt, Vietnam and Israel. In Egypt, Pharos holds a 45% working interest share in the El Fayum Concession in the Western Desert, with IPR Lake Qarun, part of the international integrated energy business IPR Energy Group, holding the remaining 55% working interest. The El Fayum Concession produces oil from 10 fields and is located 80 km southwest of Cairo. It is operated by Petrosilah, a 50/50 joint stock company between the contractor parties (being IPR Lake Qarun and Pharos) and the Egyptian General Petroleum Corporation (EGPC). Pharos also holds a 45% working interest share in the North Beni Suef (NBS) Concession in Egypt, which is located immediately south of the El Fayum Concession. IPR Lake Qarun operates and holds the remaining 55% working interest in the NBS Concession. In Vietnam, Pharos has a 30.5% working interest in Block 16-1 which contains 97% of the Te Giac Trang (TGT) field and is operated by the Hoang Long Joint Operating Company. Pharos' unitised interest in the TGT field is 29.7%. Pharos also has a 25% working interest in the Ca Ngu Vang (CVN...