Presentation at Pareto Securities' 10th Annual E&P Independents Conference

Panoro Energy ASA (Oslo Ticker: PEN) will today present at the Pareto
Securities' 10th Annual E&P Independents Conference in London.

The presentation includes an update on the progress of Panoro's interpretation
of the new Dussafu seismic data. 11 prospects have been identified within the
Exclusive Exploitation Authorisation area, representing mid-case gross unrisked
prospective resources in excess of 500 MMbbls.

A copy of the presentation can also be downloaded from the presentations section
of our website at www.panoroenergy.com/?page_id=65.

For further information, please contact:

Nishant Dighe, CEO
Cell: +44 7747 807 439
Email: nishant.dighe@panoroenergy.com

Qazi Qadeer, CFO
Tel: +44 203 405 1084
Cell: +44 7981 690 670
Email: qazi.qadeer@panoroenergy.com

About Panoro Energy ASA

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
exploration and development assets in West Africa, namely the Dussafu License
offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have
discoveries with approved Field Development Plans. In addition to discovered
hydrocarbon resources and reserves, both assets also hold significant
exploration potential. For more information visit the Company's website
at www.panoroenergy.com.