Annual statement of reserves

Reserve summary (MMBBL) end 2022:

This table shows reserves on a net working interest basis, before deduction of taxes and royalty.

* Volumes stated in the ASR do not reflect the increase in reserves arising from the acquisition by Panoro of a minority 40 percent share in its Tunisian business which occurred after the reserves evaluation date and is estimated by management to add a further 2.06 MMbbls of 1P reserves, 2.96 MMbbls of 2P reserves and 3.81 MMbbls of 3P reserves on a proforma basis.


The information provided in these historical presentations is not current and is provided only for your convenience. The management statements were current as of the date of the presentation, but may have changed since that date and should not be construed as the current opinion of Panoro Energy. The information regarding future financial performance and results, production growth, and the other information which is not historical fact contained in these presentations is forward-looking information that involves risks and uncertainties, including, but not limited to, market factors, the market price of natural gas and oil, results of future drilling and marketing activity together with future production and costs.

Panoro Energy ASA is an independent E&P company listed on the main board of the Oslo Stock Exchange with ticker PEN.

The Company holds high quality exploration and production assets in Africa with oil production from fields in Equatorial Guinea, Gabon and Tunisia.

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