Panoro Energy Announces First Quarter 2018 Results and Provides Operations and Corporate Updates
Oslo, May 24, 2018 - Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) today announces the first quarter 2018 financial results and provides the following highlights: Dussafu · Updated independent reserves report prepared by Netherland Sewell & Associates Inc. (“NSAI”) estimates gross Proved + Probable (2P) reserves of 23.5 MMboe and Contingent (2C) resources of 11.6 MMboe · First development well, DTM-2H, completed successfully in April; second development well, DTM-3H underway · Success at DTM-3 Appraisal well which encountered 30 metres of oil in the