Q4-2013 Manati production update
Panoro Energy ASA is pleased to announce production volumes from the Manati field in Brazil for the fourth quarter 2013. Natural gas production from the Manati field averaged 6.12 MMm3/day (3,847 boe/day net to PEN) in the fourth quarter 2013. This production level reflects fourth quarter 2013 gas demand in the region. As in earlier periods, reported sales volumes in our financial statements will be adjusted for retainage (usage, line loss and stripping of condensate) which has historically been approximately 6% below produced volumes. For the full year 2013, natural gas production