Panoro Energy Provides Corporate Update
Oslo, 10 March 2020, - Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) provides a corporate update in the current low oil price environment: · Panoro’s producing assets in Gabon and Tunisia each have breakeven prices under USD 25 per barrel based on current production levels. Such production costs include field operating costs, royalties and an estimate of profit-sharing based taxes, where applicable. · In Gabon and Tunisia, Panoro is anticipating two liftings in the next four weeks, with combined volume of approximately 140,000 barrels of oil (net). Under the
