Panoro Energy ASA

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About

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 the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria (held-for-sale, subject to completion), and the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia. Subject to completion of certain conditions, Panoro has also farmed-into an exploration Block 2B, offshore South Africa.

Editor's note: Updated Feb. 10, 2021.

Symbol(s)
OSE: PEN
Headquarters Address

London
United Kingdom

News

The sale will help Tullow Oil reduce its $2.4 billion debt pile, which is around four times the size of its current market cap of $577…

Activity Highlights

Panoro Energy ASA has announced an oil discovery at #1-Ruche North East Marin in offshore Gabon’s Dussafu Marin PSC license. According to the Oslo-based company, the well was drilled to identify additional oil resources in the pre-salt Gamba and…

Panoro Energy ASA completed appraisal well #3-DTM in offshore Gabon’s Tortue Field, in the Dussafu License. The well was designed to appraise the western flank of Tortue Field in an attempt to extend hydrocarbon resources within Gamba and Dentale…

Panoro Energy ASA's #204-KUN well in the Republic of Congo (Brazzaville), encountered the top reservoir of the Kundji Field at 1,548 meters. The venture was drilled to 2,001 meters and logs confirm that the reservoir is oil-saturated over a…

Transactions

Report Date Amount (MM) Description
2021-02-09 $180.00

Tullow Oil to Sell West Africa Assets for Up to $180 Million

Tullow Oil to Sell West Africa Assets for Up to $180 Million