Panoro Energy - Guebiba 10 Well Successful Side-Track and Production Target Achieved in Tunisia
Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to announce that the Guebiba 10 sidetrack well ("Gue-10AST") located in the Guebiba oilfield in Tunisia and part of the Thyna Production Services ("TPS") concession has been successfully drilled and completed. The Gue-10AST well encountered two separate commercial oil zones, with very encouraging results. In addition, during October, production has several times exceeded 5,000 barrels of oil per day (“bopd”), with average gross production levels at TPS for the month of October to date of 4,850 bopd (Panoro net 29.