bullish

Pharos Energy

Pharos Energy Plc (LSE: PHAR): MOU with EGPC in Egypt to improve terms and licence duration

233 Views20 Feb 2025 16:00
Issuer-paid
Pharos and IPR have signed a non-binding MOU with EGPC to use their best efforts to conclude negotiations for the merger of the El Fayum and North Beni Suef Concession Agreements.
What is covered in the Full Insight:
  • Introduction to Pharos Energy and EGPC MOU
  • Details of the MOU and Its Implications
  • Current El-Fayum Licence Expiry and Extension Options
  • Impact on Share Price and NAV with Target Reiterations
  • Financial Projections and Operating Information
SUMMARY
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