PANORO ENERGY: SUCCESSFUL COMPLETION OF APPRAISAL WELL ON DUSSAFU, OFFSHORE GABON
Oslo, September 27, 2018- Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to report the successful drilling and completion of the Ruche North East (DRNEM-1) appraisal well located in the Dussafu Marin PSC, offshore Gabon. On August 31, 2018, Panoro announced an oil discovery in the pre-salt Gamba and Dentale reservoirs, with log and pressure data indicating approximately 15 metres of good quality oil pay encountered in the Gamba Formation and 25 metres of oil pay in stacked reservoirs within the Dentale Formation. The Ruche North East oil discovery has now