Panoro Announces 50% Increase in 2P Oil Reserves at Tortue Field, Dussafu PSC, Offshore Gabon
Oslo, 19 February 2019 – Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to provide an update on the Dussafu Production Sharing Contract (“PSC”), offshore Gabon, including a new oil reserves review from independent reserves auditor Netherland, Sewell & Associates Inc. (“NSAI”) on the Tortue field located within the PSC. John Hamilton, Chief Executive Officer of Panoro, said “The 50% increase in the mid-case scenario compared with the end of 2017 reserve report combined with the strong oil production clearly demonstrates the value of Tortue and more