Panoro Energy: Q1 2021 Trading and financial update
Oslo, 27 May 2021 - Panoro Energy ASA (“Panoro” or the “Company” with OSE Ticker: PEN) delivered on a pro-forma basis, record high revenues of USD 77.2 million in this year’s first quarter, with an EBITDA-result of USD 25.3 million, showcasing the scale effects of the Company’s announced acquisitions, which either have been or are in process of being completed. On an IFRS Reporting Basis, Panoro had gross revenues of USD 11.8 million, EBITDA of USD 5.3 million and EBIT of USD 3.2 million in this year’s first quarter. Panoro today also notes a target 2021 exit rate production of