Correction: Bondholders accept early redemption

Fri, Nov 12, 2010 14:31 CET

Panoro Energy ASA ("PEN", OSE ticker code).

Reference is made to the press release dated Nov 12 , 2010 regarding Bondholders’ acceptance of early redemption.

Please find attached the correct notice from the bondholders’ meeting.

For further information, please contact:
Anders Kapstad, CFO
Tel: +47 23 01 10 01
Cell: +47 918 17 442
Email: anders.kapstad@panoroenergy.com

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