Regulatory Filings • Dec 5, 2019
Regulatory Filings
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Panoro Energy - Update on Sale of Interest in OML 113
Oslo, 5 December 2019 - Panoro Energy ASA (the "Company" or "Panoro" with OSE
Ticker: "PEN") notes the announcement made today by PetroNor E&P Limited
("PetroNor") regarding the exection of Investment and Shareholders Agreement
with OML 113 operator Yinka Folawiyo Petroleum ("YFP").
This satisfies one of the key conditions precedent to completion of the sale of
Panoro's interest in OML 113, as announced on 21 October 2019. The remaining
conditions to complete are the regulatory authorisation from the Nigerian
Department of Petroleum and Natural Resources, and the consent of the Nigerian
Minister of Petroleum Resources.
Enquiries
Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060
Email: [email protected]
About Panoro Energy
Panoro Energy ASA is an independent E&P company based in London and listed on
the Oslo Stock Exchange with ticker PEN. The Company holds high quality
production, exploration and development assets in Africa, namely the Dussafu
License offshore southern Gabon, OML 113 offshore western Nigeria, and the TPS
operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,
offshore Tunisia. For more information, please visit the Company's website
at www.panoroenergy.com.
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