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Panoro Energy ASA

Report Publication Announcement Apr 20, 2016

3706_iss_2016-04-20_67253ab7-e353-4812-a27a-36582633ea7b.html

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Update on Aje field development offshore Nigeria

Update on Aje field development offshore Nigeria

Wednesday, April 20, 2016 - Panoro Energy ("the Company" or "Panoro" with Oslo

Ticker: PEN) provides an update on the final stage of its development operations

at the Aje oilfield offshore Nigeria. The final hook up procedures are in

progress with a view to the wells being brought into production shortly.

For further information please contact:

John Hamilton, Chief Executive Officer

Tel:         +44 203 405 1061

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

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

www.panoroenergy.com.

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