Panoro Energy ASA

Panoro Energy - Acquisition Update conference call at 08:30 CET on 07 November 2018

Oslo, 07 November 2018 - Panoro Energy is pleased to invite investors to attend

a conference call at 08:30 a.m. CET on Wednesday, 07 November 2018 during which

management will discuss Panoro's recently announced acquisition of OMV Tunisia

Upstream GmbH and the successful Private Placement. A copy of the presentation

is available on our website

at http://www.panoroenergy.com/investors/presentations/.

Participants are requested to dial in five to ten minutes prior to the start

time using the numbers and password below:

Local - Oslo, Norway +47 21 563 318

Toll Free - Norway 800 19 457

Toll Free - USA +1 866 966 5335

Local - London, UK +44 (0) 20 3003 2666

Toll Free - UK 0808 109 0700

Password: Panoro

Participants dialling in from outside these countries may use the UK or USA

number.

Enquiries:

Qazi Qadeer, Chief Financial Officer

Tel: +44 203 405 1060

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 Sfax

Offshore Exploration Permit and the Ras El Besh Concession, offshore Tunisia.

For more information, please visit the Company's website

at www.panoroenergy.com.

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