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Panoro Energy ASA (PENO.OL)

PENO.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Panoro Energy Q2 EBIT loss widens to $28.0 million
Thursday, 24 Aug 2017 01:00am EDT 

Aug 24 (Reuters) - PANORO ENERGY ASA :Q2 EBIT LOSS $ 28.0 MILLION VERSUS LOSS $1.3 MILLION YEAR AGO.Q2 PRE-TAX LOSS $ 28.0 MILLION VERSUS LOSS $1.3 MILLION YEAR AGO.  Full Article

Panoro Energy says has resolved to buyback 1 mln shares
Friday, 11 Aug 2017 12:14pm EDT 

Aug 11 (Reuters) - Panoro Energy Asa :Panoro Energy Asa says has resolved to buy back 1 million shares as set out in offer.  Full Article

Panoro Energy Q1 pre-tax loss at $ 3.4 million
Wednesday, 24 May 2017 01:00am EDT 

May 24 (Reuters) - PANORO ENERGY ASA ::Q1 PRE-TAX LOSS $ 3.4 MILLION VERSUS LOSS $18.2 MILLION YEAR AGO.Q1 EBIT LOSS $ 3.3 MILLION VERSUS LOSS $18.2 MILLION YEAR AGO.  Full Article

Panoro provides operational and corporate update
Friday, 28 Apr 2017 01:17am EDT 

April 28 (Reuters) - PANORO ENERGY ASA ::PANORO ENERGY ASA - IN NIGERIA, UNDERSTAND THAT REMEDIAL OPERATIONS CONTINUE AT AJE-5.PANORO ENERGY ASA - HAVE BEEN UNJUSTIFIABLY EXCLUDED FROM SOME OF AJE JV INFORMATION DUE TO ONGOING LEGAL DISPUTE.PANORO ENERGY ASA - AWARE THAT CERTAIN JV PARTNERS HAVE TAKEN DECISION TO SIDE TRACK AJE-5 AND THAT DELAYS AND COST OVERRUNS HAVE BEEN ENCOUNTERED.PANORO ENERGY ASA - DRILLING AND COMPLETION OPERATIONS ARE EXPECTED TO TAKE AN ADDITIONAL TWO TO THREE WEEKS.PANORO ENERGY ASA - DISPUTE OVER DRILLING ADDITIONAL AJE WELLS IS STILL PENDING.PANORO ENERGY ASA - AN ARBITAL TRIBUNAL HAS BEEN CONVENED, AND PANORO EXPECTS THAT HEARING WILL TAKE PLACE AT END OF Q2.PANORO ENERGY ASA - "CONTINUES TO BE FRUSTRATED BY LACK OF OPERATIONAL RESULTS AND PROCEDURAL ERRORS IN JV".PANORO ENERGY ASA - ON JV, REVIEWING AND CONSIDERING ALL APPROPRIATE ACTIONS.  Full Article

Panoro Energy Q4 EBIT loss widens to $40.3 million
Thursday, 23 Feb 2017 01:00am EST 

Panoro Energy ASA : Q4 EBIT loss $40.3 million versus loss $1.5 million year ago .Says increase in loss in 2016 is predominantly due to the inclusion of impairment provisions for both Dussafu and Aje.  Full Article

Panoro wins court case
Friday, 6 Jan 2017 01:00am EST 

Panoro Energy ASA : Wins court case regarding dispute with Euro-Latin Capital SA (ELC), in relation to claim by ELC for payment of success fee of up to $2.4 million on sale of Panoro's assets in Brazil in 2014 . Judgment has been granted in favour of company by Borgarting Court of Appeal in Oslo .There is one month appeal period available to ELC.  Full Article

Panoro Energy updates on activities in Nigeria
Friday, 2 Dec 2016 02:30am EST 

Panoro Energy ASA :Says is currently in disagreement with its joint venture partners in OML 113 in Nigeria, intends to initiate arbitration and legal proceedings to protect its interests.  Full Article

Panoro Energy Q2 EBIT loss narrows to $1.3 million QoQ
Wednesday, 24 Aug 2016 01:00am EDT 

Panoro Energy ASA :Q2 EBIT loss $1.3 million versus loss $18.2 million in Q1 2016.  Full Article

Panoro Energy: commissioning of Front Puffin FPSO has now been completed
Tuesday, 19 Jul 2016 01:00am EDT 

Panoro Energy ASA : Says commissioning of Front Puffin FPSO has now been completed . Front Puffin FPSO is on hire following 72 hour test . Production shall be maintained at a restricted daily rate of about 7,000-8,000 barrels of oil .Says expects first crude oil lifting from Front Puffin FPSO to take place at the end of August.  Full Article

Panoro Energy Q1 pre-tax loss widens to $18.2 million
Wednesday, 25 May 2016 01:00am EDT 

Panoro Energy ASA :Q1 pre-tax loss $18.2 million versus loss $1.9 million year ago.  Full Article