Panoro Energy ASA

Panoro Energy (Oslo Ticker: PEN): Invitation to second quarter 2016 conference call August 24, 2016

Panoro Energy's Q2 2016 report will be published on Wednesday, August 24, 2016

and will be available on our website http://www.panoroenergy.com at 07:00 a.m.

CET.

Panoro will hold a conference call at 09:00 a.m. CET on Wednesday, August 24,

2016 during which management will discuss Panoro's 2016 second quarter results.

The participants are invited to ask questions on the Q2 report after conclusion

of the discussion.

Participants are asked 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

Local - New York, USA +1 212 999 6659

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.

A replay of the audio will be available shortly after the call is finished and

will remain on our website for approximately 14 days.

For more information please contact:

Qazi Qadeer

Chief Financial Officer

+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, 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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