Pharos Energy plc 是一家在越南和埃及拥有资产的独立能源公司，在公司于2025年9月24日公布中期业绩之前，现提供以下交易和运营更新。此处包含的信息未经审计，可能需要进一步审核和修订。

首席执行官 Katherine Roe 表示：
“在宏观经济形势动荡的背景下，我们上半年业绩表现强劲，产量稳定，自由现金流健康。这体现了我们高质量的资产基础和严格的资本纪律。上半年的业绩使我们能够重申全年业绩指引，并承诺通过支付2025年末期股息，为股东带来可持续的回报。

” “我们正在全力筹备越南加密和评估钻探项目，预计将于第三季度末开始，其中包括四口TGT井和两口CNV井。这是一项重大且重要的工作计划，旨在通过维持现有产量水平和评估区块的新区域，最大限度地提升我们现有资产的价值。”如果成功，我们有望在2026年之后实现产量在现有产量基础上的大幅增长，并降低额外开发机会的风险。负责任地将资本配置于核心资产，将确保我们的业务增长并保持长久。

“越南政府最近批准将125和126区块的开采权延长两年，这巩固了我们在推进这些重要勘探资产的租赁谈判过程中的地位。”

与此同时，埃及的合并谈判仍在继续，我们正在稳步推进完善产品分成合同条款的敲定。一旦达成协议，我们将受益于资产价值的立即提升，以及旨在提高产量的自筹资金工作计划。“

我们通过改善条款和自筹资金的积极钻探活动，从战略上增强了我们的投资组合，以期实现价值最大化。我们无负债的资产负债表和现金生成资产为股东提供了一个强大的平台，既可以获得无机投资机会，又能带来令人兴奋的短期增长潜力。”

要点
- 集团权益上半年净产量为5,642桶油当量/天。集团权益2025年净产量指导值保持不变，为5,000-6,200桶油当量/天：
- 越南上半年净产量为4,183桶油当量/天。越南2025财年净产量指导值3,600-4,600桶油当量/天
- 埃及上半年产量为1,459桶/天。埃及 2025 财年产量指引为 1,400 - 1,600 桶/天

- 越南：
- TGT：正在准备钻探评估井 18X，目标是区块西部区域，最近已获得钻机合同，目前预计将在第三季度末开始钻探三口加密井
- CNV：继续计划钻探一口评估井 5X-L1，解锁油田北部，并预计将在第四季度开始钻探一口加密井
- 两项资产的 3D 地震后处理工作仍在继续，预计将于 7 月底完成
- 125 和 126 区块：已获得越南政府批准将 PSC 勘探期延长两年（从 2025 年 11 月 9 日至 2027 年 11 月 8 日）

埃及：
- 法尤姆：东萨阿德-1X 井于 7 月 1 日起投产，此前该井于 2 月获得商业发现
- 北贝尼苏韦夫 (NBS)：正在处理 3D地震数据预计将于第三季度完成，随后将进行测绘和解释工作
- 签署谅解备忘录后，与埃及石油天然气公司 (EGPC) 就拟议的 El Fayum 和 NBS 特许权合并进行的讨论继续取得积极进展，各方承诺尽快完成谈判

- 集团上半年收入约为 6530 万美元1（2024 年上半年：6500 万美元）

- 截至 2025 年 6 月 30 日的现金余额为 2260 万美元（2024 年 12 月 31 日：1650 万美元）；继续保持无债务状况

- 截至 2025 年 6 月 30 日的埃及应收账款余额为 3350 万美元（2024 年 12 月 31 日：2950 万美元），在截至 6 月 30 日的六个月内已收到 550 万美元，并于 2025 年 7 月额外收到 100 万美元

- 预测集团全年现金资本支出保持不变，介于 3300 万美元至 4000 万美元之间，预计另有 1700 万美元将用于支付 2026 年初的支出

- 集团下半年权益产量的 25% 分别以 61.3 美元/桶和 84.5 美元/桶的平均底价和上限价格进行对冲

- 股东在 2025 年年度股东大会上批准派发截至 2024 年 12 月 31 日止年度的末期股息，每股 0.847 便士，总额约为 470 万美元，将于 2025 年 7 月 18 日支付。包括 2025 年 1 月 22 日支付的每股 0.363 便士的中期股息在内，2024 年全年股息将为每股 1.210 便士，总额为 650 万美元

- 任命 João Saraiva e Silva 为非执行主席2025 年 6 月 26 日，继任约翰·马丁

Pharos Energy plc, an independent energy company with assets in Vietnam and Egypt, provides the following Trading and Operations Update ahead of the Company’s Interim Results on 24 September 2025. The information contained herein has not been audited and may be subject to further review and amendment.

Katherine Roe, Chief Executive Officer, commented:
“We have had a strong first half of the year with stable production and healthy free cash flow generation against a backdrop of volatile macro conditions. This reflects our high-quality asset base and strict approach to capital discipline. First half performance allows us to reiterate our full year guidance, and our commitment to sustainable shareholder returns with the payment of the 2025 final dividend.

“Preparations are fully underway for our Vietnamese infill and appraisal drilling campaign, now expected to commence in late 3Q, which includes four TGT and two CNV wells. This is a material and important work programme designed to maximise the value of our existing assets by sustaining current production levels and appraising new areas of our blocks. On success, we could see material incremental volumes from 2026 onwards from current production levels and a de-risking of additional development opportunities. Allocating capital responsibly in our core assets will provide growth and longevity to our business.

“The recent approval by the Vietnamese Government of the two-year extension of Blocks 125 & 126 has strengthened our position as we progress farm-out discussions for these important exploration assets.

“In parallel, consolidation negotiations in Egypt continue and we are making steady progress towards the finalisation of improved PSC terms. Once concluded, we will benefit from an immediate uplift in the value of our assets along with a self-funded work programme aimed at increasing production volumes.

“We have strategically strengthened our portfolio through improved terms and self-funded active drilling campaigns with a view to maximising value. Our debt free balance sheet and cash generative assets provides shareholders with both a robust platform for inorganic opportunities and exciting near term growth potential.”

Highlights
- Group working interest 1H production was 5,642 boepd net. Group working interest 2025 production guidance of 5,000 – 6,200 boepd net remains unchanged:
- Vietnam 1H production 4,183 boepd. Vietnam FY25 production guidance 3,600 – 4,600 boepd net
- Egypt 1H production 1,459 bopd. Egypt FY25 production guidance 1,400 – 1,600 bopd

- Vietnam:
- TGT: Preparations underway for drilling of appraisal well 18X, targeting the block’s western area, with rig contracts recently secured and three infill wells now expected to commence in late 3Q
- CNV: Planning continues for the drilling of one appraisal well 5X-L1, unlocking the northern part of the field, and one infill well expected to commence in 4Q
- 3D seismic reprocessing on both assets continues, with expected completion by the end of July
- Blocks 125 & 126: Approval received from the Vietnamese Government for the two-year extension of the PSC Exploration Period (from 9 November 2025 to 8 November 2027)

Egypt:
- El Fayum: East Saad-1X well on production from 1 July following commercial discovery in February
- North Beni Suef (NBS): Ongoing processing of 3D seismic data expected to complete in 3Q, with mapping and interpretation to follow
- Discussions with EGPC in relation to the proposed consolidation of the El Fayum and NBS concessions continue to progress positively following the signing of the MOU, with all parties committed to concluding negotiations as soon as possible

- Group 1H revenue of c. $65.3m1 (1H 2024: $65.0m)

- Cash balances at 30 June 2025 of $22.6m (31 Dec 2024: $16.5m); continued debt free position

- Egypt receivable balance at 30 June 2025 of $33.5m (31 Dec 2024: $29.5m), having received $5.5m in the six months to 30 June and an additional $1m in July 2025

- Forecast full year cash capex for the Group remains unchanged between $33m and c.$40m with an additional c.$17m expected to fall into early 2026

- 25% of the Group’s 2H entitlement production is hedged with average floor and ceiling prices of $61.3/bbl and $84.5/bbl, respectively

- Approval by shareholders at the 2025 AGM of a final dividend in respect of the year ended 31 December 2024 of 0.847 pence per share, amounting to approximately $4.7m and to be paid on 18 July 2025. Including the payment of the interim dividend of 0.363 pence per share on 22 January 2025, the full year 2024 dividend will be 1.210 pence per share, amounting to $6.5m in total

- Appointment of João Saraiva e Silva as Non-Executive Chair on 26 June 2025, succeeding John Martin