Panoro Energy – Material Reserve Increase at Hibiscus Field
Oslo, 3 June 2024 – Panoro Energy ASA (“Panoro” or the “Company”) notes that the operator of the Dussafu Marin Permit offshore Gabon has today announced an increase in gross recoverable reserve estimates (mid case) for the Hibiscus field of between 8 million barrels of oil to 12 million barrels of oil, following conclusion of logging operations at the DHIBM-7P pilot well which Panoro announced on 21 May 2024 as having made a significant oil discovery on the northern flank of the Hibiscus field. Panoro holds a 17.5 per cent participating interest in the Dussafu Marin Permit. The DHIBM-