Panoro Energy Announces a 68% Increase in 2P Oil Reserves at Dussafu, Offshore Gabon
Oslo, 30 October 2019 - Panoro Energy ASA (“Panoro” or the “Company” with OSE Ticker: “PEN”) is pleased to report a 68% increase in 2P oil reserves in the Dussafu Marin Permit (“Dussafu”), offshore Gabon. Following the successful discovery and appraisal of the Hibiscus Updip well announced by Panoro on 4 October 2019, the discovered resources at Hibiscus has now been quantified and classified by independent reserves auditor Netherland, Sewell & Associates Inc. (“NSAI”) as oil reserves. NSAI has estimated the following recoverable oil reserves for Hibiscus: · Proved (1P) reserves