Annual Report 2014

Panoro Energy ASA (OSE ticker code:PEN): The Annual Report and Accounts for the
financial year ended December 31, 2014 is now available at the Company's website
(www.panoroenergy.com) and as an enclosure.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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.