Pharos Energy recently offered an update on its Egypt operations and production guidance. At its El Fayum asset (100% participating interest; operated by Petrosilah JOC). there are currently three drilling rigs and three workover rigs in operation at El Fayum. Since completion of the acquisition, ten development wells and three injector wells have been drilled […]

Three rigs will be running through 1Q 2020, after which the drilling program will revert to two rigs. The three drilling rigs will continue to drill a combination of production and injection wells to start new waterflood areas and increase production. The focus in 2020 is on updating subsurface static and dynamic models based on […]

U.S. Africa Command acknowledged there was an attack by the terrorist organization al-Shabaab at Manda Bay Airfield, Kenya, on January 5. U.S Africa Command and Kenya Defense Forces repelled the al-Shabaab attack. “Working alongside our Kenyan partners, the airfield is cleared and still in the process of being fully secured,” an Africom statement read. Al-Shabaab […]