ANP approval of assignment of Panoro Energy’s subsidiary in Brazil Rio das Contas to GeoPark
Panoro Energy ASA (the Company) is pleased to announce that the Brazilian Petroleum Agency (“ANP”) approved the replacement of the parental guarantee of Panoro Energy ASA with the parental guarantee of GeoPark Limited as an extraordinary item in their Board meeting on March 26. This approval allows the complete transfer of Panoro Energy’s shares in Rio das Contas to GeoPark Brasil Exploração e Produção de Petróleo e Gás Ltda to take place. In May 2013 Panoro Energy announced that the Company had reached an agreement to sell its Brazilian subsidiary Rio das Contas to GeoPark (the "