Panoro Energy – Publication of 2021 Annual Statement of Reserves
Oslo, 29 March 2022 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce the release of its 2021 Annual Statement of Reserves (the “ASR”). Highlights · After taking account of 2021 production of 2.8 MMbbls the total net working interest reserves for Panoro expressed in million barrels of oil (“MMbbls”) as of 31 December 2021 were: · Proved (1P) reserves of 23.50 MMbbls (31 December 2020: 8.05 MMbbls) · Proved + Probable (2P) reserves of 35.82 MMbbls (31 December 2020: 12.30 MMbbls) · Proved + Probable + Possible (3P) reserves of 47.45 MMbbls (31