Panoro Energy – Award of Block EG-01 Offshore Equatorial Guinea
Oslo, 20 February 2023 – Panoro Energy ASA (“Panoro” or the “Company”) is pleased to announce that it has been awarded a 56 percent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea (pending ratification). Partners in the block will be Kosmos Energy (24 percent pending signature) and GEPetrol (20 percent). Block EG-01 borders both Block G where Panoro has a 14.25 percent non-operated interest (and which contains the producing Ceiba Field and Okume Complex) and Block S where Panoro has agreed to farm-in to a 12 percent non-operated interest. John