Update on Aje field development offshore Nigeria

Wednesday, April 20, 2016 - Panoro Energy ("the Company" or "Panoro" with Oslo
Ticker: PEN) provides an update on the final stage of its development operations
at the Aje oilfield offshore Nigeria. The final hook up procedures are in
progress with a view to the wells being brought into production shortly.

For further information please contact:

John Hamilton, Chief Executive Officer
Tel:         +44 203 405 1061
Email:    info@panoroenergy.com

About Panoro Energy

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.