2012 Financial calendar

The financial calendar for 2012 for Panoro Energy ASA (“PEN”, OSE ticker code) is as follows:

February 16, 2012
Fourth Quarter 2011 Results

May 9, 2012                
First Quarter 2012 Results and Annual General Meeting

August 10, 2012
Second Quarter 2012 Results

November 9, 2012                       
Third Quarter 2012 Results

Please note that the financial calendar is subject to change.

The Company holds presentations open to the public every quarter, and the presentations will also be available through webcast. The information presented quarterly as well as other presentations are published at our website www.panoroenergy.com.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).

For further information, please contact:

Jonas Gamre, Finance & Investor Relations Manager
Tel: +47 23 01 10 02
Cell: +47 971 18 292
Email: jonas.gamre@panoroenergy.com