Panoro Signs Heads of Terms for the drilling of first well offshore Sfax
Oslo, 31 October 2018 - Panoro Energy (the “Company” or “Panoro” with OSE Ticker: PEN) is pleased to announce that its fully owned subsidiary Panoro Tunisia Exploration AS (“Panoro Tunisia”) has just signed a Heads of Terms with Compagnie Tunisienne de Forage (“CTF”), the Tunisian state-owned drilling contractor, for the use of the CTF-4, a 2,000-horsepower onshore rig, or equivalent drilling rig, for the drilling of the Salloum West-1 well (“SAMW-1”) located in the Sfax Offshore Exploration Permit (“SOEP”). The spud date of the SAMW-1 well is anticipated to be in the first half of 2019 and