Panoro Energy – Third Quarter 2023 Trading and Financial Update
Oslo, 29 November 2023 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to report strong Q3 production and financial performance. Working interest production from Panoro’s well diversified portfolio averaged just above 10,000 bopd in Q3, a new record for the Company. Revenue of USD 107.3 million in the period was also a new quarterly record and reflects the increased volumes of crude oil sold and higher oil price realisations. Q3 EBITDA and net profit were strong at USD 64.8 million and USD 27.9 million respectively. Consistent with its commitment to delivering sustainable