ANP approval to transfer blocks BM-S-63 and BM-S-72
Panoro Energy ASA (“PEN”, OSE ticker code), the independent oil and gas company with assets in West Africa and Brazil is pleased to announce that the Brazilian Petroleum Agency (“ANP”) has approved the transfer of a 35% interest and operatorship in exploration blocks BM-S-63 and BM-S-72 from Panoro Energy ASA to Vanco Brasil Exploração e Produção de Petróleo e Gas Natural Ltda, a wholly owned Subsidiary of Vanco Overseas Energy Ltd (“Vanco”). In January 2011, Panoro Energy announced that the company had reached agreement to farm out 35% of Panoro's 50% interest in its three shallow