Panoro Energy (the “Company” or “Panoro” with OSE ticker: “PEN”) today announces the second quarter 2018 financial results and provides the following highlights:

Dussafu

Aje

Corporate

Mr. John Hamilton, CEO of Panoro, commented: “The positive momentum on our E&P portfolio has continued, reinforced by our transformational strategic entry into Tunisia. Tunisia provides us with a pipeline of new projects in a proven hydrocarbon fairway, while enhancing our operating capability. Dussafu continues to deliver exciting results and we look forward to first oil during the second half of 2018. Aje is now secured for an additional 20 years, and with our Aje JV partners we will be focussed on realising the potential of the Turonian reserves. Finally, Panoro’s financial position has been materially strengthened as we are actively considering Phase 2 at Dussafu and progressing our Tunisian growth plans.”

Source: Panoro Energy