Panoro Energy ASA

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

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.

Visit us at www.panoroenergy.com

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