PHAR Share Price Performance

UK£0.30

0.08 (36.24%)

UK£0.46

Fair Value

UK£0.30

0.08 (36.24%)

35.9% undervalued

UK£0.46

Fair Value

UK£0.30

UK£0.46

UK£0.36

UK£0.55

Fri, 14 Aug 26

Fair ValueUK£0.46

Share Pricen/a

PHAR Community Narratives

AnalystConsensusTarget's

Fair Value

Fair Value UK£0.46 35.9% undervalued

License Extensions And Vietnam Drilling Campaign Will Support Stronger Long Term Cash Generation

AnalystLowTarget's

Fair Value

Fair Value UK£0.36 18.2% undervalued

Drilling Setbacks And Licensing Delays Will Shape Prospects For Future Production Upside

AnalystHighTarget's

Fair Value

Fair Value UK£0.55 45.9% undervalued

Vietnam Drilling Campaign And Egyptian Fiscal Reforms Will Support Long Term Cash Generation

About PHAR

Founded: 1997
Employees: 32
CEO: Katherine Roe
WebsiteView website: www.pharos.energy

Pharos Energy plc, an independent energy company, explores, develops, and produces oil and gas properties in Vietnam and Egypt. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was incorporated in 1997 and is headquartered in London, the United Kingdom.

Recent PHAR News & Updates

Announcement • Aug 15

Serica Energy plc (AIM:SQZ) cancelled the acquisition of Pharos Energy plc (LSE:PHAR) from Aberforth Partners LLP and others.

Serica Energy plc (AIM:SQZ) reached an agreement to acquire Pharos Energy plc (LSE:PHAR) from Aberforth Partners LLP and others for approximately £140 million on July 26, 2026. Under the terms of the acquisition, Serica Energy plc will pay £0.326683 in cash per share, consisting of £0.286683 in cash per share and a special dividend of £0.04 per share. The transaction values the entire issued and to be issued ordinary share capital of Pharos Energy plc at approximately £145.7 million. Serica Energy plc has received an irrevocable undertaking from Aberforth Partners LLP in respect of a total of 59,357,027 Pharos Shares representing approximately 14.26% of Pharos Shares to vote in favor of the Scheme at the Court Meeting. In a related transaction, Ratio Petroleum Energy - Limited Partnership agreed to acquire Pharos Energy plc. Upon completion, the shares of Pharos Energy plc will be delisted from the London Stock Exchange and Pharos Energy plc will operate as a wholly owned subsidiary of Serica Energy plc. Upon completion, Serica does not intend to make any changes to Pharos’ overseas operations and does not intend to make material reductions to the operational staff in Vietnam and Egypt. Serica will review the requirement to retain Pharos’ UK headquarters and headquarter functions. The transaction will be financed through existing cash resources or a drawdown from the reserves based lending facility Serica currently has in place. The transaction is subject to court approval, approval by regulatory board / committee in Vietnam and Egypt, approval by the shareholders of Pharos Energy plc and third party approval needed. The deal has been unanimously approved by the board of Pharos Energy plc. Accordingly, the Pharos Board has decided unanimously to withdraw its recommendation of the Ratio Offer and intends to recommend unanimously the Acquisition to Pharos Shareholders. The acquisition does not require the approval of the shareholders of Serica Energy plc. The transaction is expected to close in the first half of 2027. The Acquisition is expected to be immediately accretive on a per share basis to Serica’s production, reserves and key financial metrics from operations. James McEwen and Sarah Ouedghiri of N.M. Rothschild & Sons Limited acted as financial advisor to Pharos Energy plc. Richard Crichton and Sam Cann of Peel Hunt LLP acted as financial advisor to Serica Energy plc. Hywel Davies, Alex Dustan, Phil Linnard and Iain McCann of Slaughter and May acted as legal advisor to Serica Energy plc. Tom Mercer and Julia Derrick of Ashurst Perkins Coie UK LLP acted as legal advisor to Pharos Energy plc. Equiniti Limited acted as transfer agent/registrar to Pharos Energy plc. Serica Energy plc (AIM:SQZ) cancelled the acquisition of Pharos Energy plc (LSE:PHAR) from Aberforth Partners LLP and others on August 13, 2026. The Pharos Directors have withdrawn their recommendation of the Serica Offer and have determined not to proceed with the scheme of arrangement to implement the Serica Offer or to convene any Pharos Shareholder meeting for the purposes of considering the Serica Offer.

Recent updates

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Pharos Energy plc Stock Price

PHAR Share Price Performance

PHAR Community Narratives

License Extensions And Vietnam Drilling Campaign Will Support Stronger Long Term Cash Generation

Drilling Setbacks And Licensing Delays Will Shape Prospects For Future Production Upside

Vietnam Drilling Campaign And Egyptian Fiscal Reforms Will Support Long Term Cash Generation

License Extensions And Vietnam Drilling Campaign Will Support Stronger Long Term Cash Generation

Vietnam Drilling Campaign And Egyptian Fiscal Reforms Will Support Long Term Cash Generation

Drilling Setbacks And Licensing Delays Will Shape Prospects For Future Production Upside

Trending Discussion

Recently Updated Narratives

PHAR: Serica Takeover Proposal Will Reframe Earnings Outlook And Upside Potential

Vietnam Drilling Campaign And Egyptian Fiscal Reforms Will Support Long Term Cash Generation

Drilling Setbacks And Licensing Delays Will Shape Prospects For Future Production Upside

Snowflake Analysis

Pharos Energy plc Key Details

About PHAR

Recent PHAR News & Updates

Serica Energy plc (AIM:SQZ) cancelled the acquisition of Pharos Energy plc (LSE:PHAR) from Aberforth Partners LLP and others.

PHAR: Serica Takeover Proposal Will Reframe Earnings Outlook And Upside Potential

Ratio Petroleum Energy - Limited Partnership (TASE:RTPT) cancelled the acquisition of Pharos Energy plc (LSE:PHAR).

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