Panoro Energy – Trading Statement and Operations Update
Oslo, 30 January 2023 – Panoro Energy ASA (“Panoro” or the “Company”) today provides an update in advance of its full year 2022 results which are scheduled for release on 22 February 2023. Information contained within this release is unaudited and may be subject to further review and amendment. 2022 was a record year for Panoro with revenues estimated at approximately USD 188 million. Working interest production averaged approximately 7,500 bopd. Underpinned by a strong balance sheet and conservative leverage profile the Company is well positioned for its organic production growth.