Panoro Energy ASA: Subsequent Offering – Registration of New Share Capital

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to previous stock exchange announcements from Panoro Energy ASA ("Panoro" or the "Company", ticker "PEN") concerning the subsequent offering of up to NOK 10 million (the "Subsequent Offering"), latest on 1 April 2016. The share capital increase pertaining to the Subsequent Offering has now been registered with the Norwegian Register of Business Enterprises. The shares issued in the Subsequent Offering will be listed and delivered on or about 11 April 2016. Following registration, the total number of issued shares in the Company is now 425,021,952.

Oslo, Norway

Panoro Energy ASA


About Panoro Energy

Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have discoveries with approved Field Development Plans. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential. For more information visit the Company's website at www.panoroenergy.com.

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  • Panoro Energy ASA

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