Panoro Energy – Oil Confirmed at Hibiscus South Extension
Oslo, 10 May 2024 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that the DHBSM-2P pilot well has successfully encountered oil and confirmed a north-eastern extension of the Hibiscus South field at the Dussafu Marin Permit offshore Gabon, further increasing recoverable reserves. Panoro holds a 17.5 per cent participating interest in the Dussafu Marin Permit. The DHBSM-2P pilot well was drilled with the Borr Norve jack-up rig to test a north-eastern extension of the Hibiscus South field. The well was drilled to a depth of 5,130 metres with evaluation of logging,