Panoro Energy ASA

Panoro Energy Announces Resignation of Director

July 9, 2015 - Panoro Energy ASA (TICKER: PEN - Oslo) ("Panoro" or the

"Company") today announces that Silje Auguston has resigned as a member of the

board of directors, effective immediately. In her resignation, Ms. Augustson

cited that her other engagements are increasingly demanding and time consuming

and has made it necessary to come to this decision.

Ms. Silje Auguston has served on Panoro's Board since May 2012 and was Chair of

the Audit Committee.

Julien Balkany, Chairman of the Board of Panoro, commented, "On behalf of

Panoro, I would like to thank Silje for her contributions to the Company for the

last three years and respect her recent decision. We wish her well in her future

endeavors."

For further information about this press release please contact:

John Hamilton, Chief Executive Officer

Nishant Dighe, President and Chief Operating Officer

Tel: +44 203 405 1060

About Panoro

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

exploration and development assets in West Africa, namely the Dussafu License

offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have

discoveries with approved Field Development Plans. In addition to discovered

hydrocarbon resources and reserves, both assets also hold significant

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

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