Panoro Energy – First Quarter 2023 Trading and Financial Update
Oslo, 24 May 2023 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce strong financial performance with revenue of USD 60.7 million and EBITDA of USD 35.6 million for the first three months. In line with its commitment to deliver sustainable shareholder returns, Panoro has today declared a quarterly cash dividend of NOK 0.2658 per share. Following completion of the first new production well at the Hibiscus Ruche development offshore Gabon in early April and acquisition of the 40 percent minority interest in the Tunisian business, also in April, Panoro’s current working