Panoro Energy – New Share Capital Registered

Oslo, 25 April 2023 – Reference is made to previous announcement by Panoro Energy ASA (“Panoro” or the “Company”) regarding completion of the acquisition of a minority share in Panoro's Tunisian Business. The Norwegian Register of Business Enterprises have today registered the issue of 2,945,034 new shares, after which the registered share capital is NOK 5,831,720.30, divided into 116,634,406 shares each having a face value of NOK 0.05.

Enquiries

Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060
Email: investors@panoroenergy.com

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 interests in Block-G, Block S and Block EG-01, 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 interests in an exploration Block 2B, and Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

Follow us on LinkedIn