Panoro Energy – Significant Oil Discovery at Northern Flank of Hibiscus Field Offshore Gabon
Oslo, 21 May 2024 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that the DHIBM-7P pilot well has successfully made a significant new oil discovery on the northern flank of the Hibiscus field, at the Dussafu Marin Permit offshore Gabon. Preliminary evaluation indicates scope for a notable increase to both in place volumes and recoverable reserves in the Hibiscus field area. The partners plan to complete the well as a production well later in 2024. Panoro holds a 17.5 per cent participating interest in the Dussafu Marin Permit. The DHIBM-7P pilot well was drilled