Panoro Energy ASA is an independent E&P company listed on the Oslo Stock Exchange with ticker PEN and has offices in London and Oslo. Following Panoro’s exit from Brazil in 2014 the company has become focused on its high quality exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon, and OML113 offshore western Nigeria. Both assets have existing discoveries which are planned to be developed .
In Dussafu the Ruche development will consist of a development of 4 pre-salt discoveries producing through an FPSO and in Nigeria the Aje development will initially consist of 2 wells in the Cenomanian oil reservoir producing into an FPSO with 2 further wells to follow. As well as the existing discovered hydrocarbon resources both assets also hold significant exploration potential – the West African pre-salt play in Dussafu, and the Cretaceous transform margin and the syn-rift plays in OML113.
Panoro Energy held a conference call on Thursday, November 6, 2014, during which Management discussed Panoro’s 2014 third quarter results. A question and answer session was held after Management’s presentation. Please use the following link to access the audio transcript from the conference call.