Panoro Energy – Commencement of Operations on Gazania-1 Exploration Well Offshore South Africa

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Oslo, 4 October 2022 – Panoro Energy ASA (“Panoro” or the “Company”) notes that Eco Atlantic as operator of Block 2B offshore South Africa (Panoro working interest 12.5%), has today announced the arrival of the Island Innovator semi-submersible drilling rig on Block 2B and the commencement of operations on the Gazania-1 exploration well.

The Gazania-1 exploration well is being drilled in approximately 150 metres of water and is located 25 kilometres offshore the Northern Cape in the Orange Basin. The well is located up-dip of the AJ-1 oil discovery well drilled on the block in 1988 and is targeting a gross prospective resource of over 300 million barrels across multiple zones.

Panoro’s joint venture partners and their working interests on Block 2B are Eco Atlantic (50%, operator), Africa Energy Corp (27.5%) and Crown Energy AB (10%).


Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060

About Panoro Energy

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia and participation interest in an exploration Block 2B, offshore South Africa.

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