Pharos Energy plc 是一家在越南和埃及拥有资产的独立能源公司，该公司发布以下交易和运营更新，以总结近期的运营活动、截至 2024 年 12 月 31 日的财政年度的业绩以及 2025 年的展望指引。这是公司将于 2025 年 3 月 26 日发布的初步结果之前发布的。此处包含的信息未经审计，可能会进一步审查和修订。

首席执行官 Katherine Roe 评论道：“2024 年是运营和业务交付强劲的一年，生产稳定，现金流强劲，在越南和埃及均成功钻探。我很高兴我们在年底获得了越南的许可证延期，这让我们有机会规划和追求这些资产的全部增长潜力，同时继续支持越南政府的能源安全议程。

我们转型且具有韧性的无债务资产负债表支撑着我们在越南和埃及的 2025 年工作计划，因为我们将资本配置重点放在增长和投资上，为股东带来最高回报，同时继续致力于我们的可持续股息政策。我们期待来年繁荣昌盛、取得成功，并感谢股东一直以来的支持。”

运营亮点
- 良好的安全记录，没有 LTI
- 集团 2024 年工作权益产量为 5,801 桶油当量/天净产量，符合指引：
- 越南 4,361 桶油当量/天
- 埃及 1,440 桶油当量/天

- 越南：
- 越南政府于 12 月正式批准 TGT 和 CNV 油田五年许可延期申请，立即将越南 2024 年底 2P 储量增加约 10%，并支持对这两个油田进行进一步投资
- TGT：10 月按时且在预算之内成功完成两口井加密钻井计划；两口井都为产量做出了贡献
- 125 和 126 区块：针对 A 勘探区拟建油井的详细钻井工程研究于第三季度开始；已下达长周期项目订单

- 埃及：
- 法尤姆：9 月成功钻探第二口勘探承诺井，在 Abu Roach G 地层中发现含油层
- 1 口法尤姆开发井于 12 月投入生产
- 北贝尼苏埃夫 (NBS)：正在处理 3D 地震数据
- 与 EGPC 及其合作伙伴就合并我们埃及特许权的讨论进展顺利

财务亮点
- 2024 年集团收入约为 1.34 亿美元：
- 越南 约 1.15 亿美元
- 埃及 约 1900 万美元 1
- 截至 2024 年 12 月 31 日的现金余额约为 1650 万美元；自 9 月以来，所有债务已全部偿还
- 2024 年在埃及收到的付款总额为 2550 万美元，截至 2024 年 12 月 31 日的应收账款余额为 2950 万美元。应收账款支付和特许权合并的持续进展将决定我们未来在该国投资的步伐
- 年内为股东带来有形回报：
- 实施可持续的股息政策，2023 财年中期和末期股息为 590 万美元
- 目前的股票回购计划预计将在 2025 年 1 月底之前完成，此前已充分利用了计划中承诺的最新 300 万美元。自 2022 年 7 月启动以来，公司已以平均每股 23.65 便士的价格回购了 30,708,855 股普通股。

2025 年展望
- 集团权益产量指导值为 5,000 至 6,200 桶油当量/天：
- 越南 3,600 至 4,600
- 埃及 1,400 至 1,600 桶油当量/天
- 越南产量；在 TGT 和 CNV 五年许可证延期获得批准后：
- 正在计划在第四季度钻探 TGT 评估承诺井；评估成功将开辟该油田未钻探区域
- TGT 和 CNV 的额外钻探潜力将增加储量，目前正在与合作伙伴讨论
- 预计很快开始对这两项资产进行 3D 地震再处理
- 越南勘探；继续与潜在的农场合作伙伴和钻机承包商讨论 125 和 126 区块
- 埃及：
- 法尤姆：计划在第一季度对成功的勘探承诺进行测试
- 正在计划在下半年开始两口井的法尤姆钻探计划
- NBS：预计在第一季度完成 3D 地震数据处理，随后进行解释和绘图
- 关于整合埃及特许权的讨论继续取得进展
- 有望实现我们的净零中期短期三年目标 (2024-2026)，即减少 5% 的排放量
- Forecast Group 今年的现金资本支出预计约为 3300 万美元，反映了 TGT 评估井的钻探以及越南 125 区块和埃及法尤姆计划的长期项目
- 2024 财年的中期股息为每股 0.363 便士，总计 180 万美元，于 2025 年 1 月 22 日支付
- 2025 年的钻探活动预计 2026 年及以后产量将增加

Pharos Energy plc, an independent energy company with assets in Vietnam and Egypt, issues the following Trading and Operations Update to summarise recent operational activities, performance in respect of the financial year to 31 December 2024, and outlook guidance for 2025. This is in advance of the Company’s Preliminary Resultsto be published on 26 March 2025. The information contained herein has not been audited and may be subject to further review and amendment.

Katherine Roe, Chief Executive Officer, commented: “2024 was a year of strong operational and business delivery with stable production, robust cash flows and successful drilling in both Vietnam and Egypt. I am delighted we ended the year with the granting of our licence extensions in Vietnam, giving us the tenure to plan and pursue the full growth potential of those assets whilst continuing to support the Vietnamese Government's energy security agenda.

“Our transformed and resilient debt-free balance sheet underpins our 2025 work programme in both Vietnam and Egypt as we focus our capital allocation towards growth and investment that delivers the highest returns for shareholders whilst remaining committed to our sustainable dividend policy. We look forward to a prosperous and successful year ahead and thank our shareholders for the ongoing support.”

Operational Highlights
- Strong safety record with no LTIs
- Group working interest 2024 production was 5,801 boepd net, in line with guidance:
- Vietnam 4,361 boepd
- Egypt 1,440 bopd

- Vietnam:
- Applications for five-year licence extensions to the TGT and CNV fields formally granted by the Vietnamese Government in December, immediately increasing year-end 2024 2P reserves in Vietnam by approximately 10% and enabling further investment in both fields
- TGT: successful completion of two-well infill drilling programme in October on time and under budget; both wells are contributing to production
- Blocks 125 & 126: detailed drilling engineering studies for the proposed well on Prospect A commenced in 3Q; orders placed for long lead items

- Egypt:
- El Fayum: successful drilling of second exploration commitment well in September, encountering oil-bearing reservoirs in Abu Roach G formation
- One El Fayum development well put on production in December
- North Beni Suef (NBS): ongoing processing of 3D seismic data
- Discussions with EGPC and our partner on the consolidation of our Egyptian concessions are progressing well

Financial Highlights
- Group revenue for 2024 was c.$134m:
- Vietnam c.$115m
- Egypt c.$19m 1
- Cash balances as at 31 December 2024 were c.$16.5m; all debt fully repaid since September
- Payments received in Egypt totalled $25.5m in 2024, with receivables balance at 31 December 2024 of $29.5m. Continued progress in payments of receivables and consolidation of the concessions will determine the pace of our future investment in country
- Tangible returns to shareholders during the year:
- Sustainable dividend policy delivered with interim and final dividend for the 2023 financial year, amounting to $5.9m
- Current share buyback programme expected to conclude before the end of January 2025 following full utilisation of the latest $3m committed to the programme. Since its initiation in July 2022, 30,708,855 ordinary shares have been repurchased by the Company at an average price paid of 23.65p per share.

2025 Outlook
- Group working interest production guidance of 5,000 – 6,200 boepd net:
- Vietnam 3,600 – 4,600
- Egypt 1,400 – 1,600 bopd
- Vietnam production; following the approval of the TGT and CNV five-year licence extensions:
- Planning underway for the drilling of a TGT appraisal commitment well in 4Q; appraisal success would open up an undrilled area in the field
- Additional drilling potential in TGT and CNV to increase reserves currently under discussion with partners
- 3D seismic reprocessing on both assets expected to commence shortly
- Vietnam exploration; Blocks 125 & 126 discussions continue with potential farm-in partners and rig contractors
- Egypt:
- El Fayum: testing of the successful exploration commitment well planned in 1Q
- Planning underway to commence two-well El Fayum drilling programme in 2H
- NBS: expected completion of 3D seismic data processing in 1Q, with interpretation and mapping to follow
- Discussions on consolidation of the Egyptian concessions continue to progress
- On track to achieve our Net Zero interim short-term three-year target (2024-2026) of 5% emission reduction
- Forecast Group cash capex in the year expected to be c.$33m, reflecting the drilling of the TGT appraisal well and long lead items for Block 125 in Vietnam and the El Fayum programme in Egypt
- Interim dividend for the 2024 financial year of 0.363 pence per share, totalling $1.8m, paid on 22 January 2025
- Drilling activities in 2025 are expected to deliver incremental production volumes in 2026 and beyond