Oslo, 1 November 2021 - Panoro Energy ASA ("Panoro" or the "Company") with OSE
Ticker: "PEN") and PetroNor E&P Limited ("PetroNor") have reached an agreement
to extend the completion long stop date for the previously announced sale of its
fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje
Limited ("Pan Aje") ("the Transaction").
The amended long stop date to complete the Transaction is now 30 November 2021
to make allowance for the process of obtaining statutory government approvals
taking longer than expected.
An announcement will be made once the necessary regulatory approvals are in
place.
This announcement is subject to disclosure pursuant to section 5-12 of the
Norwegian Securities Trading Act.
Enquiries
Qazi Qadeer, Chief Financial Officer
Tel: +44203 405 1060
Email:investors@panoroenergy.com
About Panoro Energy
Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu
License offshore southern Gabon, OML 113 offshore western Nigeria (held-for
-sale, subject to completion), the TPS operated assets, Sfax Offshore
Exploration Permit and Ras El Besh Concession, offshore Tunisia and
participation interest in an exploration Block 2B, offshore South Africa.
Visit us at www.panoroenergy.com.
Follow us on Linkedin (https://www.linkedin.com/company/panoro-energy)