Panoro Energy – Hibiscus South onstream five months after discovery
Oslo, 8 March 2024 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that the DHBSM-1H production well at the Hibiscus South field on the Dussafu Marin permit offshore Gabon has been put onstream at an initial stabilised gross rate of 5,000 bopd to 6,000 bopd, in line with expectations. The well encountered high quality oil bearing reservoir sands in the prolific Gamba formation. Results from logging indicate scope for the Hibiscus South field to contain materially higher oil reserves than the previous estimated range at the time of discovery of six to seven million
