Pharos Energy plc (PHAR) · 2026-08-07
Pharos Energy recommended Ratio's 32.8183p-a-share increased offer, comprising 28.8183p cash and an intended 4.0p special dividend, while withdrawing support for Serica's offer.
Pharos Energy plc (PHAR) · 2026-07-21
Ratio's proposed acquisition of all Pharos shares at up to 28p each remains subject to shareholder, Court and regulatory approvals. The scheme is currently expected to become effective in H1 2027.
Pharos Energy plc (PHAR) · 2026-07-16
Pharos Energy produced 5,650 boepd net in 1H 2026, within FY2026 guidance of 5,200-6,400 boepd, as five of six Vietnam wells drilled on time and budget.
Pharos Energy plc (PHAR) · 2026-06-24
Pharos has agreed a recommended cash takeover by Ratio Petroleum Energy LP. Eligible shareholders can receive up to 28p per share, with completion expected in H1 2027 if approvals are secured.
Pharos Energy plc (PHAR) · 2026-06-08
Pharos Energy plc received $12.6m year-to-date, clearing its Egyptian receivables balance for the first time since 2019. Drilling has restarted with a six-well programme in Egypt, with the first well spudded on 4 June 2026. The company remains on track for an $11m capital investment plan.