Mergermarket feature Pharis Energy

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Pharis Energy’s project financing initiatives have been featured in Mergermarket, a specialist M&A publication with a global network of 300 dedicated M&A journalists and analysts who talk with CEOs, CFOs and industry contacts, reporting what they learn to Mergermarket subscribers.

The article is titled

Pharis Energy weighs 2019 IPO among field funding options

  • Farmout and private capital injection also on the cards

  • Up to GBP 400m follow-on financing to first oil

  • Pilot field NPV of over USD 600m using steam flood development

Pharis Energy, a North Sea-focused oil and gas company, is looking at three possible funding routes to secure approximately GBP 10m for its flagship Pilot field, Chief Executive Officer Stephen Brown and Chief Financial Officer Alan Hume said.

The three options include introducing an investor into its fields in a farmout transaction with another oil company, bringing a financial investor into the corporate structure, or pursuing a listing and raising capital on the public markets, they said.

For the rest you will need to subscribe to Mergermarket, but if you do, you can see the whole article here.