Panoro energy asa (pen.ol)

Sualc77 · mai 23, 2019, 1:03pm

sulzrox · juni 11, 2019, 6:46pm

Aje noe på gang?

sulzrox · juni 14, 2019, 12:50pm

Kistefos AS har i dag, den 14.6.19, forlenget (rullert) terminavtaler i Panoro Energy ASA (PEN) på til sammen 6 237 944 aksjer, tilsvarende 9,99 % av de utstedte aksjene i selskapet. Eierandelen i selskapet er uendret. Terminavtalene forfaller 13.12.19.
https://newsweb.oslobors.no/message/479467

Har nok betalt ein god sum for den.

Kan lime inn denne fra sist gang:
Kistefos AS har i dag, den 15.3.19, forlenget (rullert) terminavtaler i Panoro Energy ASA (PEN) på til sammen 6 237 944 aksjer, tilsvarende 9,99 % av de utstedte aksjene i selskapet. Terminavtalene forfaller 14.06.19.

sulzrox · juni 15, 2019, 9:23pm

Dårleg lyd men greit presentasjon av Panoro

TekBot · juni 17, 2019, 9:48pm

14/06-2019 13:49:11: (PEN) PEN: Flaggemelding Panoro Energy

sulzrox · juni 18, 2019, 10:08am

Fra hegnar: https://forum.hegnar.no/thread/29928/view/544832

Dagens fra Arctic:
PANORO: BUY

Plenty of triggers coming up in the next 15 months - the Salloum prospect is to be drilled in Q4, this is a massive trigger!
Currently trades at EV/EBIT 20e of ~1x and P/E of 2.2x!
I really like this company – call in for a discussion!
We have a BUY and target of NOK32 (30)

Hadde vært interessant å sett den originale fra Arctic.
Det er meir interessant å sjå hvordan dei kom fram til kursmåle enn sjølve kursmåle.

TekBot · juni 20, 2019, 12:50pm

20/06-2019 14:49:49: (PEN) Flaggemelding Panoro Energy ASA

sulzrox · juli 2, 2019, 7:25am

Pareto med oppdatert analyse kursmål 22.
Det som er interessant er hva som står i den. Oppsiden kan være betydelig.

sulzrox · juli 2, 2019, 1:39pm

Pareto forventer at oljemyggen, som produserer på felter i Gabon, Tunisia og Nigeria, vil øke produksjonen fra dagens nivå på omkring 2.300 fat om dagen, til 4.000 fat om dagen i 2022. Meglerhuset forventer dermed nær en dobling av produksjonen de neste tre årene.

Det er Ruche & Ruche NE på Dussafu-feltet som drar opp estimatene. Pareto forventer at Ruche vil bidra med 1.320 fat om dagen fra 2022.

Veksten vil også redusere de operasjonelle kostnadene, ifølge Pareto.

I 2019 forventer meglerforetaket at operasjonelle kostnader per fat olje vil komme inn på 24 dollar per fat.

I 2022 forventer Pareto at kostnadene faller til 15 dollar per fat, en nedgang på hele 37,5 prosent.

Det forventes også at Panoro vil generere en kumulativ fri kontantstrøm til totalkapitalen på 120 millioner dollar frem til 2023, omtrent identisk med selskapsverdien (enterprise value)

TekBot · juli 19, 2019, 5:30am

Panoro Energy - Awards and exercise under RSU program and mandatory notification of trades

Oslo, 19 July 2019 - Panoro Energy ASA (the “Company” or “Panoro” with OSE
ticker: “PEN”) announces the awards and exercise of Restricted Share Units
(“RSUs”) and notification of primary insider trades.
…

Vis børsmeldingen

Awards of RSUs

For the year 2019, the Board of Directors have granted 473,696 RSUs to the key
employees of the Company under the Long-Term Incentive Plan (“LTIP”) approved by
the shareholders at the 2018 Annual General Meeting. The awards are based on
specific performance criteria as previously approved by the Board of Directors.

One RSU will entitle the holder to receive one share in the Company against
payment in cash of the par value for the share. The par value is currently NOK
0.05 per share. Vesting of these RSUs is time based, over a period approved by
the Board of Directors. The vesting period of the RSUs is up to 14 June 2022,
where 1/3 of the RSUs vest on 14 June 2020 (the “First Tranche”), 1/3 vest after
1 year of the vesting of the First Tranche, and the final 1/3 vest after 2 years
from vesting of the First Tranche. RSUs are exercised automatically at the
respective vesting dates and the holder will be issued the applicable number of
shares as soon as possible thereafter.

Of the 473,696 RSUs, the primary insiders have been granted the following:

· John Hamilton, the Chief Executive Officer of the Company has been granted
197,280 RSUs;
· Richard Morton, the Technical Director of the Company has been granted
63,315 RSUs;
· Qazi Qadeer, the Chief Financial Officer of the Company has been granted
63,315 RSUs; and
· Nigel McKim, the Projects Director of the Company has been granted 61,450
RSUs.

The remaining 88,336 RSUs have been granted to other key employees.

Exercise of existing RSUs - settlement and Mandatory Notification of Trades

Under the Company’s LTIP, 327,352 RSUs from the prior years’ grants have vested
and have been automatically exercised. In accordance with the terms and
conditions of the RSUs, for this tranche the Board of Directors have decided to
settle 53% of the exercised RSUs in new shares. A total of 173,498 new shares
will be issued as part of the exercise of the 327,352 RSUs. The cash settlement
for each of the exercised RSU is after taking into account the difference
between NOK 0.05 (being the face value of the shares) and NOK 16.2325 (being the
volume-weighted average price of the Company’s shares on 18 July 2019, i.e. NOK
16.1825 per share. The settlement in new shares and cash have been determined
after taking into account the employees’ tax liability arising on the exercise
of RSUs.

Consequently, the Board has utilized its authorization to issue new shares and
passed a resolution to issue 173,498 new shares, each at a subscription price of
NOK 0.05. Existing shareholders’ pre-emptive rights to subscribe the shares have
been set aside in order for the Company to meet its obligations under the RSU
program. Following registration of the share issue, the Company’s registered
share capital will be NOK 3,128,054.90, divided into 62,561,098 shares, each
having a face value of NOK 0.05.

The total settlement of shares and cash amount is allocated as follows:

John Hamilton, Chief Executive Officer has exercised 165,436 RSUs and has
received 87,682 new shares and NOK 1,258,254.11, in cash settlement. Following
this, Mr. Hamilton controls 255,594 shares in the Company’s enhanced share
capital and holds 394,816 RSUs awarded under the LTIP which, subject to
fulfilling the vesting conditions, entitles Mr. Hamilton to 394,816 shares in
the Company.

Richard Morton, Technical Director has exercised 61,000 RSUs and has received
32,330 new shares and NOK 463,952.28 in cash settlement. Following this, Mr.
Morton controls 154,755 shares in the Company’s enhanced share capital and holds
131,984 RSUs awarded under the LTIP which, subject to fulfilling the vesting
conditions, entitles Mr. Morton to 131,984 shares in the Company.

Qazi Qadeer, Chief Financial Officer has exercised 71,001 RSUs and has received
37,631 new shares and NOK 540,010.03 in cash settlement. Following this, Mr.
Qadeer controls 114,693 shares in the Company’s enhanced share capital and holds
138,649 RSUs awarded under the LTIP which, subject to fulfilling the vesting
conditions, entitles Mr. Qadeer to 138,649 shares in the Company.

Nigel McKim, Projects Director at present does not own any shares in the Company
and holds 61,450 RSUs awarded under the LTIP which, subject to fulfilling the
vesting conditions, entitles Mr. McKim to 61,450 shares in the Company.

The remaining employees have exercised 29,915 RSUs and have received 15,855 new
shares and NOK 227,525.95 in cash settlement.

Following this settlement and award of new RSUs, the Company will have a total
of 855,067 outstanding RSUs. The funds from cash settlements have been entirely
used to settle the taxes due on vesting.

This information is subject to the disclosure requirements pursuant to section 5
-12 and section 4-2 of the Norwegian Securities Trading Act.

Enquiries

Panoro Energy ASA +44 203 405 1060
Qazi Qadeer, Chief Financial Officer [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 the TPS
operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,
offshore Tunisia. For more information, please visit the Company’s website
at www.panoroenergy.com.

Kilde

sulzrox · juli 31, 2019, 12:37pm

TekBot · august 12, 2019, 5:30am

Panoro Kicks-off 2019 Exploration Campaign

Oslo, August 12, 2019 - Panoro Energy ASA (the “Company” or “Panoro” with OSE
ticker: “PEN”) has initiated its 2019/2020 drilling campaign with the spudding
of the Hibiscus Updip prospect on the Dussafu Marin Permit.
…

Vis børsmeldingen

John Hamilton CEO of Panoro Energy said: “We have a very exciting 12 months
ahead of us with two material exploration wells to be drilled in 2019, first the
Hibiscus Updip well now spudded on the Dussafu permit in Gabon and the Panoro
-operated Salloum West well in Tunisia expected later this year. The Hibiscus
Updip prospect has been matured using 3D seismic and has the potential, if
successful, to add substantial resources which would be brought into production
alongside the Ruche and Ruche North East fields as part of Phase 3 on the
Dussafu permit. Our exploration activities are complemented by production growth
activities, with the upcoming subsequent development drilling at Tortue and
ongoing workover activities in Tunisia”.

Dussafu Update - Spud of Hibiscus Updip Exploration Well

Drilling has commenced on the Hibiscus Updip prospect on the Dussafu Marin
Permit (“Dussafu”), offshore Gabon. This exploration well is being drilled with
the Borr Norve jackup drilling rig, and is the first well in an intensive 6 well
campaign planned on Dussafu during 2019 and 2020. The operator is BW Energy.

The Hibiscus Updip well (“DHIBM-1”) is located about 56 km offshore Gabon in 116
m water depth. The well is planned as a vertical well to test the highly
productive Gamba and Dentale reservoirs. The DHIBM-1 well is also located
approximately 1.5 km southwest of the Hibiscus well (“HIBM-1”) drilled by Arco
in 1991 based on 2D seismic data, and which found good quality Gamba reservoir
with live oil shows. The new well is positioned to intersect the Gamba at what
is believed, based on 3D seismic data acquired by Panoro in 2013, to be an updip
position from the HIBM-1 well.

As previously announced, following the DHIBM-1 well, the rig will move on to
drill four consecutive horizontal production wells at the Tortue field, followed
by an additional exploration well in 2020.

The location of the 2020 exploration well will be based on 3D seismic data that
is being currently re-processed with the latest techniques. Based on the results
of the processing and exploration wells, a further 2 additional exploration
wells may be drilled once the initial 6 well campaign has been completed.

Sfax Offshore Exploration Update - Salloum West Prospect

In Tunisia, planning is underway for drilling the Salloum West prospect towards
the end of the year. Advanced dialogue with contractors, regulators and the
National oil company, ETAP, is underway and continues to progress.
Simultaneously a reprocessing of the vintage seismic around the Salloum area is
being undertaken.
Enquiries

Panoro Energy ASA +44 203 405 1060
John Hamilton, Chief Executive Officer [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 the TPS
operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,
offshore Tunisia. For more information, please visit the Company’s website
at www.panoroenergy.com.

Kilde

TekBot · august 15, 2019, 5:00am

Panoro Energy (Oslo Ticker: PEN): Invitation to Second Quarter and half year 2019 results webcast 22 August 2019

Panoro Energy’s Q2 2019 report will be published on Thursday, 22 August 2019 and
will be available on our website http://www.panoroenergy.com at 07:30 a.m. CET.

…

Vis børsmeldingen

Panoro will hold a live webcast presentation of the 2Q results at 09:00 a.m. CET
on Thursday 22 August 2019, during which management will discuss the results and
operations of the second quarter. After conclusion of the discussion,
participants will be invited to ask questions on the Q2 report.

The webcast can be accessed through the following link where a presentation will
be relayed in listen only mode. (http://view-w.tv/819-1577-22158/en)

Should the participants wish to ask questions, the audio of the webcast can be
accessed through the following calling numbers with the features to ask live
questions.

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 - Washington DC, USA +1 202 204 1514

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 local UK or
USA number.

A replay of the webcast will be available shortly after the event 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 the TPS
operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,
offshore Tunisia.

For more information visit the Company’s website at www.panoroenergy.com.

Kilde

Sualc77 · august 15, 2019, 8:47am

3 mill aksjer skiftet hender på kr. 14,80…ikke så mange som eier så mange:face_with_monocle:

sulzrox · august 20, 2019, 9:39am

På E24 kan ein lese om oljeselskaper som kan være underpriset. Panoro er med.
Anbefalt av Sveen-Nilsen i Sparebank 1 Markets.

Aker BP og Equinor er nok meir trygg investering en PEN men oppsiden kan være større i PEN.

sulzrox · august 20, 2019, 9:43am

No må snart bli avklart med Tullow Oil

TekBot · august 22, 2019, 5:30am

Panoro Energy Announces Second Quarter 2019 Results and Provides Operations and Corporate Updates

Oslo, 22 August 2019 - Panoro Energy (the “Company” or “Panoro” with OSE ticker:
“PEN”) today announces the second quarter 2019 financial results and subsequent
events:
…

Vis børsmeldingen

Highlights

· Gross Revenue for the second quarter 2019 of USD 10.7 million (1H19: USD
30.6 million) and EBITDA of USD 5.1 million (1H19: USD 16.3 million), in line
with liftings guidance
· Underlying operating profit before tax (Note 1) for the second quarter 2019
of USD 1 million (1H19: USD 8.8 million) on an adjusted basis compared to
reporting basis net profit before tax of USD 10.5 million (1H19: USD 14
million), largely due to reversal of impairment for Dussafu in the second
quarter
· Cash balances, including cash held for bank guarantee related to Sfax
Offshore Exploration Permit (SOEP), at USD 25.5 million and gross debt of USD
27.4 million

Tunisia

· Average TPS gross daily production of approximately 3,950 bopd for the
quarter, near-term objective of increasing production by 15-20% around the end
of Q3 2019
· Targeting gross production of 5,000 bopd by the end of 2019, with additional
near-term production opportunities identified
· Planning underway for drilling the Salloum West prospect towards end 2019

Dussafu

· Q2 average gross daily production over 12,000 bopd and continues producing
above expectation
· Exploration well spud on the Hibiscus Up-dip prospect in August 2019
· Phase 2 production drilling campaign to start in September

Aje

· Stable oil production at approximately 360 bopd net to Panoro during Q2 2019
· JV partners continue to focus on advancing the Turonian development plan

John Hamilton, CEO of Panoro, commented: “Our Q2 results are in line with our
guidance and taken together with Q1 results show the recent successful
transformation of Panoro into a fully cycle and well-balanced e&p operator. Over
the next 12 months we expect a further significant ramp-up of our production
with drilling and workover activities in Gabon and Tunisia. We have also kicked
-off our intensive exploration campaign with the Hibiscus Up-dip prospect and in
total plan to drill 3 to 5 exploration wells in the next 9 months. We are
looking forward to our near-term organic activities, which when combined with
other initiatives, should continue delivering solid growth.”

(Note 1) Non-GAAP financial measures

From first quarter 2019, the Group has enhanced its disclosures and introduced
the reporting of Underlying Operating Profit/(Loss) before tax, a Non-GAAP
Financial Measure. Underlying Operating Profit/(Loss) before tax is considered
by the Group to be a useful additional measure to help understand underlying
operational performance. The definition and details of this Non-GAAP measure can
be referred to on page 7 of the second quarter, 2019 report.

Panoro will hold a live webcast presentation of the 2Q results today at 09:00
a.m. CET, during which the Company will discuss the second quarter 2019 results.
The webcast can be accessed through the following link where a presentation will
be relayed in listen only mode. (http://view-w.tv/819-1577-22158/en).

Should the participants wish to ask questions, the audio of the webcast can be
accessed through the following calling numbers with the features to ask live
questions. Participants 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 - Washington DC, USA +1 202 204 1514

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 webcast will be available shortly after the event 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 the TPS
operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession,
offshore Tunisia.

For more information visit the Company’s website at www.panoroenergy.com.

Kilde

sulzrox · august 22, 2019, 8:35am

Imponerende lite decline fra brønn. Vi produsere 12 101 bopd mot 12 584 bopd i Q1. Ingen vann og ingen voks.
Ellers ser ting til å gå som planlagt. Panoro trur forsatt AJE kan bli stort men det vil nok ta litt lang tid.

Q2 og 1H rapporter:

sulzrox · august 23, 2019, 9:32am

Fra ADM Energy som er medeier i AJE:

ADM Energy plc, an oil and gas investing company quoted on AIM, announces that it has been notified that His Highness Sheikh Ahmed Bin Dalmook Al Maktoum has resigned from his non-Board role as President of ADM Energy with immediate effect.

As part of the process of stepping down from the position, the Company has today been informed that His Highness has, or shortly will have, disposed of all of his shareholding in the Company, comprising 13,350,000 ordinary shares, through the market.

Osamede Okhomina, Chief Executive Officer, commented, “His Highness’ departure has no material impact to the implementation of our business plan. We are grateful for his financial support which has helped the Company get to this exciting juncture. We have recently raised further investment funds which will assist us in exploring a number of opportunities. Production at our Aje investment remains stable such that we expect to be advised of a further lifting of oil shortly and performance remains in-line with our expectations. I look forward to updating the market in due course.”

https://ir.q4europe.com/Solutions/mxoil2019tf/4000/newsArticle.aspx?storyid=14421515

Kursen til ADM Energy

sulzrox · august 26, 2019, 9:25am

Noen som har dagens analyse fra Arctic?