PANORO ENERGY ASA Oslo ,21 December 2021 -Panoro Energy ASA ("Panoro" or the "Company") today provides an update on its December crude oil lifting schedule and working interest production. As previously disclosed, Panoro's fourth quarter lifting schedule comprised aggregate net volumes to the Company of approximately one million barrels inEquatorial Guinea ,Gabon andTunisia . The Company has to date in the fourth quarter completed aggregate net liftings of approximately 925,000 barrels at an average realised price of approximatelyUSD 74.5 per barrel (before the effect of hedging, details of which are included in the Company's Q3 results materials). The Company has one further net lifting of approximately 125,000 barrels inGabon which it expects to conclude before year end. In aggregate, total fourth quarter liftings account for approximately 40 per cent of total Company liftings in 2021. Current working interest production is in excess of 8,500 barrels oil per day, an uplift of approximately 15 per cent on proforma year-to-date production reported to end Q3, in line with Company expectations and reflecting the contribution of new production wells online inEquatorial Guinea andGabon . EnquiriesQazi Qadeer , Chief Financial Officer Tel: +44 203 405 1060 Email: investors@panoroenergy.com AboutPanoro Energy Panoro Energy ASA is an independent exploration and production company based inLondon and listed on the main board of theOslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets inAfrica , namely a producing interest in Block-G, offshoreEquatorial Guinea , the Dussafu License offshore southernGabon , OML 113 offshore westernNigeria (held-for -sale, subject to completion), the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshoreTunisia and participation interest in an exploration Block 2B, offshoreSouth Africa . Visit us at www.panoroenergy.com. Follow us on Linkedin (https://www.linkedin.com/company/panoro-energy)
Click here for more information
© Oslo Bors ASA, source
