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Panoro Energy ASA

Report Publication Announcement Jul 2, 2018

3706_rns_2018-07-02_dbdc8622-2276-484a-8a99-fa072f04eaa4.html

Report Publication Announcement

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Panoro Energy: BW Adolo FPSO vessel sail away

Panoro Energy: BW Adolo FPSO vessel sail away

Oslo, 2 July 2018 - Panoro Energy (the "Company" or "Panoro" with OSE ticker:

"PEN") is pleased to announce that following excellent progress on

commissioning, the Floating, Production, Storage and Offloading ('FPSO") vessel,

BW Adolo, has now left Singapore and is in route to the Tortue field, part of

the Dussafu block offshore Gabon. It is expected that the FPSO will arrive in

Gabonese waters in August 2018. The Tortue development project remains on course

to deliver first oil at Dussafu in 2H2018.

Enquiries:

John Hamilton, Chief Executive 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 production,

development, and exploration assets in West Africa, namely OML 113 offshore

western Nigeria and the Dussafu License offshore southern Gabon. In addition to

discovered hydrocarbon resources and reserves, both assets also hold significant

exploration potential. For more information, please visit the Company's website

at www.panoroenergy.com.

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