Minutes from the Annual General Meeting

Panoro Energy ASA (the "Company" with OSE Ticker: PEN) informs that the Annual
General Meeting (AGM) in the Company was held today May 24, 2017. All items on
the agenda for the AGM were adopted as proposed by the Board of Directors.

A copy of the minutes of the Annual General Meeting is available to download
from our website at http://www.panoroenergy.com/?page_id=67 and as an enclosure.

Panoro Energy ASA, Oslo.

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