2012 Annual Statement of Reserves
Panoro Energy ASA publishes its 2012 Annual Statement of Reserves ("ASR"). At the end of 2012, total proven ("1P") reserves were 10.3 MMBOE, total proved and probable ("2P") reserves were 12.1 MMBOE.
Panoro's classification of reserves and resources complies with the guidelines established by the Oslo Stock Exchange and are based on the definitions set by the Petroleum Resources Management System (PRMS-2007), sponsored by the Society of Petroleum Engineers/World Petroleum Council/ American Association of Petroleum Geologists/ Society of Petroleum Evaluation Engineers (SPE/WPC/AAPG/SPEE) as issued in March 2007.
Please find attached the 2012 Annual Statement Reserves.
For further information, please contact:
Carl Peter Berg, VP Commercial and Investor Relations
Tel: +55 21 3078 7472
Cell: +55 21 8541 1907
Please visit www.panoroenergy.com for more information.