Panoro Energy ASA an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria (held-for-sale, subject to completion), the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia and participation interest in an exploration Block 2B, offshore South Africa. Panoro Energy ASA (“Panoro”) is pleased to provide the following update.
Ceiba and Okume, Equatorial Guinea (Panoro 14.25% WI)
Dussafu Marin, Gabon (Panoro 17.5% WI)
TPS, Tunisia (Panoro 29.4% WI)
Block 2 B, South Africa (Panoro 12.5% WI)
Aje OML 113, Nigeria
“Market conditions and oil prices have continued to improve during the first half year. When combined with steady progress on all our producing assets, Panoro is well positioned to benefit from strong oil prices. Production growth activities are progressing according to plan, with activity in Gabon set to accelerate and development drilling in Equatorial Guinea resuming with a planned three-well campaign. This keeps us on track to meet our guided net 2021 peak production rate of 9500 bopd in Q4.” John Hamilton CEO of Panoro said.
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