Panoro Energy: First Dussafu oil cargo offloaded from BW Adolo FPSO

Oslo, 3 December 2018 - Panoro Energy ASA (the "Company" or "Panoro" with OSE
Ticker: PEN) is pleased to announce that that the first cargo of oil from
Dussafu was successfully offloaded from the BW Adolo FPSO on 2 December. A total
of 550,000 barrels of oil were transferred from the FPSO to a tanker which will
transport the crude oil to a refinery.

Panoro holds an 8.333% interest in the Dussafu Marin permit, offshore Gabon.

Enquiries

Panoro Energy ASA                                              +44 203 405 1060
Qazi Qadeer, Chief Financial Officer
investors@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
production, exploration and development assets in Africa, namely the Dussafu
License offshore southern Gabon, OML 113 offshore western Nigeria and Sfax
Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia. For
more information, please visit the Company's website at www.panoroenergy.com.