Manati update

Panoro Energy ASA ("PEN", OSE ticker code), the independent oil and gas company with assets in West Africa and Brazil, is pleased to announce that Manati well #2 is back on production at the Manati gas field offshore Brazil after undergoing maintenance on the platform riser. The field is currently producing from four of the six wells and is able to deliver 5.3 MMm3/day.

Due to logistics of supply of necessary equipment, precise timing for resuming the production from the two remaining wells is uncertain.  

Panoro Energy ASA holds its 10 % ownership in the Manati gas field through its Brazilian subsidiary Rio das Contas.
 
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