Panoro Energy Announces Fourth Quarter 2018 Results and Provides Operations and Corporate Updates
Oslo, February 26, 2019 - Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) today announces the fourth quarter 2018 financial results and subsequent events: Highlights · Completion of transactions in Tunisia and first oil at Dussafu have materially transformed Panoro · 6-fold increase in net production from January 2018 to January 2019. Current net group production of approximately 2,500 bopd (prior to royalty and tax) · 4-fold increase in net 2P oil reserves (24% increase in total net 2P reserves) compared to Q3 and after taking into account 2018 net