Exploration Update – Appointment of Stellar Energy Advisors to commence a farm-out process on Blocks SM-1035, SM-1036 and SM-1100 offshore Brazil
Panoro Energy ASA ("PEN", OSE ticker code), the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce appointment of Stellar Energy Advisors to commence a farmout process on its three shallow water exploration licences SM-1035, SM-1036 and SM-1100 in Brazil. These licenses are held by Panoro’s wholly-owned subsidiary, Norse Energy do Brasil, and were awarded in March 2008 as part of Brazil’s ninth oil and gas licensing round. Panoro holds a 50% interest and is operator of all three licenses. Panoro is offering selected companies the opportunity to