Panoro Energy: Q3 2020 Financial results and operational updates
Oslo, 23 November 2020 - Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) reported total revenues of USD 7.59 million in the third quarter 2020, with positive EBITDA of USD 2.45 million. Numerous operational initiatives are expected to increase Panoro’s net production in the upcoming quarters, and seismic reprocessing at Dussafu has confirmed potential for a threefold increase in hydrocarbon volumes at the Hibiscus field offshore Gabon.John Hamilton, CEO of Panoro, commented: “We are starting to see a return to the production growth story at Panoro. The recent increase in