Panoro Energy – Hibiscus North Exploration Well Result
Oslo, 2 September 2021 – Panoro Energy ASA (“Panoro”) today announces that drilling operations have concluded at the Hibiscus North exploration well (DHBNM-1) on the Dussafu Marin Permit offshore Gabon ("Dussafu"). Following the announcement on 24 August 2021 that the well had encountered oil-bearing reservoir in the Upper Gamba Sandstone which was the primary target, drilling continued to a measured depth of approximately 3,336 metres. Oil bearing sands were also encountered in the deeper Dentale formation with variable reservoir quality. The Dussafu JV partners have determined that