Pharos Energy August 2020 / 3 Leadership Team - 3 Executives and 5 Independent Non-Executive Directors John Martin Ed Story Jann Brown Dr Mike Watts Non-Executive Chair President & Managing Director & Managing Director Chief…
Pharos Energy August 2020 / 4 History of Pharos Time 1997 2008 2011 2019 2020 Listed on London Stock Vietnam Vietnam Egypt Current portfolio in Exchange First oil from CNV First oil from TGT Acquisition of Merlon Israel, Egypt…
Pharos Energy August 2020 / 5 Pharos Energy - an independent oil and gas E&P company Headquartered in London Premium listing on London Stock Exchange since 1997 Survive & Thrive strategy to cope with the oil price collapse &…
Pharos Energy August 2020 / 6 Operating a sustainable business Responsibility framework (figures correct as at year end 2019) Environment Society Business Ethics People 730,000 litres of diesel 400,0001 total training levy 99% 100%…
Pharos Energy August 2020 / 7 Pharos assets Egypt, Israel, Vietnam Vietnam Egypt & Israel Offshore Israel El Fayum & North Beni Suef onshore Blocks 125 & 126 TGT & CNV TGT & CNV Fields
Pharos Energy August 2020 / 8 Egypt Overview El Fayum Operations Oil price shock- 7 March YE 2019 Production Peak 2020 Production H1 2020 Production Egypt 2020 production guidance Drilling activity scaled back 5,055 bopd * to…
Pharos Energy August 2020 / 9 Vietnam Overview Production YE2019 Vietnam Reserves & 2C Resources TGT field 2-year licence extension YE2019 Production net 7,081 boepd Net 2P reserves granted H1 2020 Production net 6,114 boepd FFDP…
Pharos Energy August 2020 / 10 Funding cycle Balance Maximising Sheet production Sustainable Growth Cash Flow Investing Growth from in our through Operations business developments Free Cash Flow Debt Low cost Capacity…
Pharos Energy August 2020 / 11 H1 2020 group revenue c.77m including the benefit of our H1 hedges of 21m Finance Net Debt at 30 June c.36m (2019: 41.5m) Net Debt to EBITDAX 0.37 1 Cash balance at 30 June c.38m (2019: 58.5m)…
Appendix
Pharos Energy August 2020 / 13 Group Reserves Statistics Israel Egypt Vietnam Exploration Production & Development Production & Development Egypt 23.5 El Fayum Concession TGT & CNV CNV 4.6 Licences 8 Producing fields 10 Producing…
Egypt
Pharos Energy August 2020 / 15 Pharos El Fayum - Egypt Overview The El Fayum and North Beni Suef Blocks 20+ year in-country operating history Oil producing asset with visible growth trajectory The Western Desert - one of the largest…
Pharos Energy August 2020 / 16 Scalable and efficient development operations Relatively low risk Infill drilling, workover and TD Reached on Average Within 20 Days development operations waterflood expansion (2017 & 2018) Spud to TD (…
Pharos Energy August 2020 / 17 North Beni Suef New exploration concession award Signed on 24 December 2019 Pharos announced as winning bidder for North Beni Suef (NBS) Concession in February 2019 Phase I commitments (3 years): 2…
Israel
Pharos Energy August 2020 / 19 Israel 2nd Offshore Bid Round ORGANIC POTENTIAL Israel Eight Licences Highlight of commercial terms 8 licences awarded signed 28 October 2019 Key fiscal terms: Concession with a royalty and profit…
Pharos Energy August 2020 / 20 Offshore Eastern Mediterranean An Industry Success Story Tamar Play Lower Miocene deep- water clastic fans sealed by overlying shales and Messinian evaporates in anticlinal 4-way dip or…
Vietnam
Pharos Energy August 2020 / 22 Vietnam Overview Vietnam Sedimentary Basins and Petroleum Infrastructure 1996 Zero 1 billion Active in Vietnam since Lost Time Injury since Invested in Vietnam over 19 1996 inception years. Largest UK…
Pharos Energy August 2020 / 23 Interests in Vietnam Cuu Long Basin Phu Khanh Basin 70% W.I. and Operator of Exploration Blocks 125 & 126 Highlight TGT and Blocks CNV 125 & Fields 126
Pharos Energy August 2020 / 24 Phu Khanh Basin The last remaining frontier in Vietnam New Frontier Area Shallow to Deep Water Basin (water depth 50m- 2500m) Undrilled in the main basin area, but a new well on the shelf area…
Investor Relations Pharos Energy Tel: 020 7747 2000 48 Dover Street London W1S 4FF United Kingdom Company No: 3300821 www.pharos.energy
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