Increase in Oil Reserves at Tortue Field, Dussafu PSC
Oslo, 8 January 2018 – Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to announce the updated preliminary oil reserves review from independent reserves auditor Netherland, Sewell & Associates Inc. (“NSAI”) of the Tortue oil field, located offshore Gabon and part of the Dussafu Production Sharing Contract (“PSC”). The Tortue structure is one of four existing oil discoveries in the Dussafu Exclusive Exploitation Area (“EEA”) in which Panoro holds 8.33% working interest. These preliminary estimates have been provided to the operator BW Energy Gabon by