Panoro Energy Announces Receipt of Government Approvals of the Sale of all its Interest in OML 113, offshore Nigeria
Oslo, 27 January 2022 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that all government approvals have now been received for the sale of the shares of its fully-owned subsidiaries (the “Shares”) that hold 100% of the shares in Pan Petroleum Aje Limited ("Pan Aje") ("the Transaction") to PetroNor E&P Limited (“PetroNor”). Pan Aje participates in the exploration for and production of hydrocarbons in Nigeria and holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in Oil Mining Lease 113 (“OML 113”),