BNP Paribas, a lender in Pandion Energy`s reserve based lending ("RBL") facility
announced in 2023 an energy transition strategy which included an exit path from
oil production financing. BNP Paribas has now transferred their shares in
Pandion Energy`s RBL facility to Deutsche Bank, an incumbent lender, while also
bringing aboard a new lender, SpareBank 1 SR-Bank.

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