Minutes from the Annual General Meeting

Panoro Energy ASA ("PEN" ticker code OSE) informs that the Annual General Meeting (AGM) in the company was held today May 13, 2011. All items on the agenda for the AGM were adopted as proposed by the Board of Directors.

Please find attached the minutes and the presentation from the AGM.

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