OML 113 Update – Agreement with Aje JV Partners
Oslo, 02 November 2017 – Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) announces that its subsidiary Pan Petroleum Aje Limited (“PPAL”) has entered into an important binding agreement (the "Agreement") with the OML 113 joint-venture partners (the “Aje JV Partners”). The Agreement, as detailed below, in conjunction with other initiatives, addresses a number of operational and financial issues and demonstrates the commitment of the Aje JV Partners to support the current oil project and to move forward with the development of the Turonian gas reserves. John Hamilton,