Panoro Energy – 2023 Half Year Results
Oslo, 24 August 2023 – Panoro Energy ASA (“Panoro” or the “Company” with OSE Ticker: PEN) is pleased to report financial and operational performance for the first half of 2023 in line with its expectations. Revenue for the first half of 2023 was USD 66.3 million (up 206 percent year-on-year) while EBITDA for the period was USD 38.9 million (up 87 percent year-on-year). Working interest production from Panoro’s diversified portfolio has recently reached levels of up to 11,000 bopd and is set to exceed 13,000 bopd upon completion of the current six-well production drilling campaign