Panoro Announces 89% increase in 2P Oil Reserves at the Dussafu PSC, Offshore Gabon
Oslo, 29 August 2019 – Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to announce the release of a mid-year update of the oil reserves report from independent reserves auditor Netherland, Sewell & Associates Inc. (“NSAI”) on certain fields located within the Dussafu Production Sharing Contract (the "Dussafu PSC"), offshore Gabon. The 2P gross reserves at Dussafu PSC have increased by 31.2 MMbbls, or 89%, compared to those reported at year-end 2018. John Hamilton, Chief Executive Officer of Panoro, said “This mid year reserves report from NSAI shows a