2012 Annual Statement of Reserves
Panoro Energy ASA publishes its 2012 Annual Statement of Reserves ("ASR"). At the end of 2012, total proven ("1P") reserves were 10.3 MMBOE, total proved and probable ("2P") reserves were 12.1 MMBOE. Panoro's classification of reserves and resources complies with the guidelines established by the Oslo Stock Exchange and are based on the definitions set by the Petroleum Resources Management System (PRMS-2007), sponsored by the Society of Petroleum Engineers/World Petroleum Council/ American Association of Petroleum Geologists/ Society of Petroleum Evaluation Engineers (SPE/WPC/AAPG/SPEE)