Panoro Energy Announces Second Quarter 2015 Results and Provides Operations and Corporate Updates
Thursday, August 20, 2015 - Panoro Energy ASA (TICKER: PEN) ("Panoro" or the "Company") today announces the second quarter 2015 financial results and provides the following updates: · Cash balance of USD 33.3 million as at June 30, 2015 and no debt in comparison to the cash balance of USD 36.1 million at March 31, 2015 · Operations at the Aje development in Nigeria remain on schedule with production drilling underway in Q3-2015 and first oil production targeted for the end of 2015 · Interpretation of new 3D PSDM seismic on OML 113 in Nigeria underway · Finalizing review of the