Nyheten er ute på Hegnar:
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Panoro Energy (Oslo Ticker: PEN): Invitation to Third Quarter 2018 conference call 13 November 2018
Panoro Energy’s Q3 2018 report will be published on Tuesday, 13 November 2018
and will be available on our website http://www.panoroenergy.com at 07:00 a.m.
CET.Panoro will hold a conference call at 08:30 a.m. CET on Tuesday 13 November 2018
during which management will discuss Panoro’s 2018 third quarter results. The
participants are invited to ask questions on the Q3 report after conclusion of
the discussion.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
Local - New York, USA +1 646 843 4608Toll Free - USA +1 866 966 5335
Local - London, UK +44 (0) 20 3003 2666
Toll Free - UK 0808 109 0700
Password: PanoroParticipants 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 7 days.Enquiries
Qazi Qadeer, Chief Financial 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 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.panoro
Ekstern link: https://newsweb.oslobors.no/message/463062
Nyheten er levert av OBI.
http://www.netfonds.no/quotes/release.php?id=20181108.OBI.20181108S12
Arctic har taget den ind i deres portefølje i dag. Og oppe med over 8%.
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Panoro Energy Announces Third Quarter 2018 Results and Provides Operations and Corporate Updates
Oslo, November 13, 2018 - Panoro Energy (the “Company” or “Panoro” with OSE
ticker: “PEN”) today announces the third quarter 2018 financial results and
subsequent events:Highlights
· Successive transactions in Tunisia and first oil at Dussafu have
substantially transformed Panoro· Nine-fold approximate increase in production as compared to Q2 2018 (on a
pro-forma basis including company in the process of being acquired)· Material increase in reserves, resources, and exploration potential
Dussafu
· Phase 1 development completed on time and on budget; first oil production
achieved on September 15, 2018· Initial production rates observed to be in the middle of guided range 10,000
15,000 bopd gross; further tests underway
· Oil discovery at Ruche North East well in both the pre-salt Gamba and
Dentale reservoirs· Phase 2 planning further advanced during the quarter
Aje
· Current oil production operations continue with stable production at 386
bopd net to Panoro during the quarter· JV partners focus is on progressing the Turonian development plan
· Licence renewal granted for an additional 20 years subject to customary
conditionsTunisia
· Acquisition of DNO Tunisia AS completed in July 2018, providing Panoro with
high quality assets and a full operating organisation· Integration of business completed during the quarter
· Signed heads of terms for the drilling of Salloum well, subject to license
renewalCorporate
· Cash balance as at September 30, 2018 of USD 19.4 million
· Successfully completed an equity private placement in July 2018, raising USD
8.3 million in gross proceeds· New equity private placement announced in November 2018, raising USD 30
million in gross proceeds, subject to Extraordinary General Meeting of
shareholders to be held on November 29, 2018· Signature of Share Purchase Agreement with OMV Exploration & Production GmbH
on November 7, 2018 to acquire 100% of the shares of OMV Tunisia Upstream GmbH;
closing anticipated mid-DecemberJohn Hamilton, CEO of Panoro, commented: “The successive organic and external
growth initiatives have transformed Panoro into a full-cycle and balanced
exploration and production company focused on Africa. The recently announced
acquisition in Tunisia complements our existing E&P portfolio, and is a major
step in the execution of Panoro’s strategy of value creation. We thank existing
and new shareholders, and our strategic partners, for their support in realising
our growth ambitions”.Panoro will hold a conference call today at 08:30 a.m. CET, during which the
Company will discuss the third quarter 2018 results. Participants are invited to
ask questions about the second quarter report following the discussionParticipants are asked to dial-in five to ten minutes prior to the start time
using the number and password below:Local - Oslo, Norway +47 21 563 318
Toll Free - Norway 800 19 457
Local - New York, USA +1 646 843 4608
Toll Free - USA +1 866 966 5335
Local - London, UK +44 (0) 20 3003 2666
Toll Free - UK 0808 109 0700
Password: PanoroEnquiries:
Qazi Qadeer, Chief Financial 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 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 Ras El Besh Concession, offshore Tunisia.For more information visit the Company’s we
Ekstern link: https://newsweb.oslobors.no/message/463394
Nyheten er levert av OBI.
http://www.netfonds.no/quotes/release.php?id=20181113.OBI.20181113S4
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Kommantar fra E24 om PEN (deler saken her):
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21/11-2018 14:53:58: (PEN) Mandatory notification of voting rights
23/11-2018 08:00:16: (PEN) Panoro Energy - Corporate presentation at SpareBank 1 Markets, Oslo
Jeg gikk dessverre på en “Stop Loss” i PEN på fredag på grunn av for høy giring. Har tro på PEN langsiktig, men tror nok at det blir en del kortsiktige svingninger.
Ser også at Arctic har kastet ut PEN fra portefølgen:
26/11-2018 11:27:43: (PEN) Mandatory Notification of Trades
29/11-2018 14:52:34: (PEN) Minutes from the Extraordinary General Meeting
Hvorfor melder ikke PEN også om dette?
BW Offshore is pleased to announce that the first cargo of oil was successfully
offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil
were transferred from the FPSO to a tanker which will transport the crude oil to
a refinery.
The BW Adolo achieved first oil from the Tortue field offshore Gabon on 16
September after completing hook up of mooring systems and installation of risers
and umbilicals. The field development and start of production on the Dussafu
license has progressed within budget and on schedule without any harm to people
or the environment.
The BW Adolo FPSO is installed on the Tortue field, one of five proven
discoveries in the Dussafu license. The BW Adolo is a converted VLCC with an oil
storage capacity of up to 1,350,000 barrels and a production capacity of up to
40,000 barrels oil per day. The vessel has undergone an increased life extension
scope enabling an extended production profile on the back of positive reserve
developments.
For further information, please contact:
Knut R. Sæthre, CFO, +47 911 17 876
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