Panoro Energy – Update on completion of acquisitions
Oslo, 18 March 2021 – Panoro Energy ASA (“Panoro”) notes that Tullow Oil plc (“Tullow”) has today announced the successful result of its general meeting to approve the disposal of all of the issued share capital of its subsidiary, Tullow Equatorial Guinea Limited (“TEGL”) held by Tullow Overseas Holdings BV, another subsidiary of Tullow, to Panoro Energy Holding BV, a subsidiary of Panoro. TEGL holds a 14.25% non-operated working interest in Block G which contains the Ceiba and Okume Complex assets, offshore Equatorial Guinea. The resolution passed as expected and is the final condition