Pharos Energy is an E&P company operating in Vietnam and Egypt.
 

Pharos Energy (PHAR) 


Trading update shows balance sheet strength
Pharos Energy released a trading update ahead of its AGM on 23 May. The key message is that the balance sheet has been further strengthened. This is predominantly due to the payment of some of the Egyptian receivables, with the group having net cash of US$8.7m at 23 May 2024. Elsewhere, the group continues to perform well, with production from Vietnam and Egypt being in line with guidance.

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