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Annual Report 2011

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Panoro Energy ASA ("PEN", OSE ticker code): Please find attached Panoro Energy's 2011 Annual Report. The report is also available on www.panoroenergy.com 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For more 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  

Carl Peter Berg, VP Commercial and Investor Relations
Tel: +55 21 3078 7472
Cell: +55 21 8541 1907
Email: carl.peter.berg@panoroenergy.com   

Please visit www.panoroenergy.com  for more information.

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