Panoro Energy – Fourth Quarter 2023 Trading and Financial Update
Oslo, 22 February 2024 – Panoro Energy ASA (“Panoro” or the “Company”) today announced record full year results in 2023 with revenue up 21 per cent year-on-year at USD 228.9 million, EBITDA up 6 per cent year-on-year at USD 135.1 million and profit before tax up 25 per cent year-on-year at USD 74.3 million. Panoro group working interest production in 2023 averaged 8,471 bopd from its well diversified and balanced portfolio, a new annual record for the Company, and is expected to continue increasing throughout the year ahead. Consistent with its commitment to delivering sustainable