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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 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

Panoro Energy announces first oil production at Aje
Wednesday, 4 May 2016 02:22am EDT 

Panoro Energy ASA:Announces first oil production at Aje.CEO says "This is a transformational milestone for Panoro and represents a great achievement by Aje project teams".  Full Article

Panoro Energy ASA expects wells to be brought into production shortly at Aje field
Wednesday, 20 Apr 2016 01:00am EDT 

Panoro Energy ASA:Final hook up procedures are in progress with a view to wells being brought into production shortly.  Full Article

Panoro Energy ASA subsequent offering oversubscribed
Friday, 1 Apr 2016 01:00am EDT 

Panoro Energy ASA:Completes subsequent offering.Subsequent offering was significantly oversubscribed.Will issue 23,809,500 new shares at 0.42 Norwegian crowns per share, raising gross proceeds of 10 million Norwegian crowns.  Full Article

Panoro Energy successfully completes private placement, proposes subsequent offering
Wednesday, 10 Feb 2016 01:31am EST 

Panoro Energy ASA:Has successfully completed private placement reaching top end of range raising 70 million Norwegian crowns in gross proceeds.To propose to conduct subsequent offering with gross proceeds of up to 10 million crowns by issuing up to 23,809,500 new shares at 0.42 crown per share.Subscription period in subsequent offering is expected to commence on or about March 14, 2016 and end on or about March 31, 2016 at 16:30 CET.  Full Article

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* BW Energy Gabon Pte. Ltd, a subsidiary of BW Offshore, has completed the acquisition of 100 percent interest in Harvest Dussafu B.V. from Harvest Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources