Panoro Energy –March Crude Liftings Update including US$ 59 million from Sale of Cargo from Block G
Oslo, 7 April 2021 – Panoro Energy ASA (“Panoro”) is pleased to announce the receipt of proceeds from a March crude lifting from its 14.25% working interest in Block G which contains the Ceiba and Okume Complex assets, offshore Equatorial Guinea. Approximately 903,000 barrels were sold by a Panoro subsidiary at US$ 65 per barrel, realizing approximately US$ 59 million in cash net to Panoro. These will be reflected as a receivable on the Q1 2021 balance sheet with cash inflows realizing in Q2 2021. Panoro intends to provide revenue, production and operating metrics on a pro-forma basis in