Notice of Annual General Meeting

Notice of Annual General MeetingNotice of Annual General MeetingNotice of Annual General MeetingAnnual Report 2011Panoro Energy ASA (“PEN” ticker code OSE) is pleased to invite the shareholders in the Company to attend the Annual General Meeting (AGM) scheduled to be held May 9, 2012 at 10:00 Oslo time at Hotel Continental, Stortingsgt 24/26, Oslo, Norway.

On the agenda for the AGM are:

1. Opening of the meeting by Chairman of the Board Phil Vingoe, including the taking of attendance of shareholders present
2. Election of chairman of the meeting and a person to co-sign the minutes
3. Approval of notice and agenda
4. Approval of the annual accounts and the annual report for the financial year 2011
5. Approval of remuneration to the Board of Directors
6. Election of Board members
7. Appointment of nomination committee
8. Remuneration to the auditor
9. Approval of the statement by the Board regarding remuneration principles to the Management
10. Proposal to authorize the Board of Directors to conduct capital increases by way of share issue

Please find enclosed notice of AGM, appendices and registration/proxy form and the Company’s Annual Report 2011.

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

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