Panoro Energy Announces Significant Oil Discovery Offshore Gabon
Oslo, 6 November 2023 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that the Hibiscus South well (DHBSM-1) has made a commercial oil discovery on the Dussafu Marin Permit offshore Gabon (Panoro Energy 17.5 percent working interest). Hibiscus South is located approximately five kilometres south-west of the BW Mabomo production platform from where the well was drilled to a total depth of 6,002 metres by the Borr Norve jack-up drilling rig. Evaluation of well log data and sample analysis confirms that the well intersected approximately 20 metres of oil pay in an