Panoro Energy Announces Definitive Sale and Purchase Agreement on Dussafu
Oslo, 22 February 2017 - Panoro Energy ASA (“Panoro” or the “Company”) (OSE ticker: PEN) is pleased to announce that on 21 February 2017 its fully-owned subsidiary, Pan-Petroleum Gabon B.V. (“PPGBV”), has entered into a definitive Sale and Purchase Agreement (the “SPA”) with BW Energy Gabon Pte. Ltd. (“BWEG”), a subsidiary of BW Offshore Limited (OSE ticker: BWO), the leading global provider of floating production services to the oil and gas industry. Under the terms of the SPA, Panoro will sell a 25% working interest in the Dussafu Production Sharing Contract (“Dussafu PSC”) in Gabon to