PEN – Evaluation of Strategic Alternatives for West Africa
Panoro Energy ASA (“PEN", OSE ticker code), the independent oil and gas company with assets in West Africa and Brazil is pleased to announce that it has retained FirstEnergy Capital LLP (“FirstEnergy") to initiate a process to explore and evaluate potential strategic alternatives for its West African business unit with a view to enhancing shareholder value.FirstEnergy, as financial advisor to the Board, will assist in the process of analyzing and evaluating prospects and options to the Company which may include a sale, merger, listing, financing or other alternatives. The Company has not