Panoro Energy Announces Second Quarter 2017 Results and Provides Operations and Corporate Updates
Oslo, 24 August 2017 - Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) today announces the second quarter 2017 financial results and provides the following updates: Dussafu · Completion of the divestment of a 25% working interest in Dussafu for USD 11.0 million in cash and a non-recourse loan of up to USD 12.5 million · Development planning for two initial wells at Tortue with material operational progress · Competent Person’s Report commissioned to update reserves and resources estimates · First oil expected in 2H 2018 at an anticipated initial gross