Panoro Energy: 15 Day Extension of Long Stop Date for Sale of Aje

Oslo, 30 June 2022 – Panoro Energy ASA (“Panoro” or the “Company”) with OSE Ticker: “PEN”) and PetroNor E&P Limited (“PetroNor”) have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited ("Pan Aje") ("the Transaction").

The long stop date to complete the Transaction has been extended to 15 July 2022 from 30 June 2022 as Panoro and PetroNor continue to work diligently towards concluding final outstanding matters.

A further announcement will be made upon completion of the Transaction.

This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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 a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria (held-for-sale, subject to completion), 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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