Panoro Energy – Dussafu Update
Oslo, 28 July 2021 – Panoro Energy ASA (“Panoro”) is pleased to provide the following update on the Dussafu Marin PSC (“Dussafu”), offshore Gabon, where it holds a 17.5% Working Interest. ·Successful completion of DTM-7H, the final horizontal production well of Phase 2. High-quality oil-bearing sands were encountered in line with prognosis. Completion and tie-in of the two wells (DTM-6H and DTM-7H) is underway, with first oil expected in early Q4 2021. · Spud of Hibiscus North exploration well, targeting gross 10-40 million barrels of oil recoverable (Operator estimates) in