Pharos Energy has announced that it has received five-year extensions for its two producing oil and gas fields in Vietnam, TGT and CNV. Although the group will have a reduced working interest, the extensions reduce uncertainty and allow management to resume major investment. This in turn has the potential to increase reserves and value, manage the decline in these mature fields and allow a significant increase in shareholder value.
Pharos Energy: Progressive
Dec 23, 2024Disclaimer & Declaration of Interest
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