Panoro Completes OMV Tunisia Acquisition
London-based international independent oil and gas company Panoro Energy ASA announced Friday it has completed its $65 million acquisition of OMV Tunisia Upstream GmbH from Vienna-based integrated oil and gas company OMV.Panoro Tunisia Production AS (PTP, 60 percent owned) now holds an indirect 49 percent…
Panoro Energy Buys OMV Tunisia
London-based E&P company Panoro Energy said its Norwegian subsidiary Panoro Tunisia Production has reached an agreement with OMV Exploration & Production GmbH to acquire 100 percent of the shares of OMV Tunisia Upstream GmbH.According to the Oslo-listed company, the acquisition is for a cash consideration…
Panoro wins court case
Panoro Energy ASA informs that a judgment has been granted in favour of the Company by the Borgarting Court of Appeal in Oslo (the "Court of Appeal"). Panoro was in a dispute with Euro-Latin Capital SA ("ELC"), an M&A advisory firm, in relation to a baseless claim by ELC for the payment of a success fee of up to USD 2.4 million on the sale of Panoro's assets in Brazil in 2014.
First Oil at Aje
Panoro Energy ASA (“the Company” or “Panoro” with OSE ticker: "PEN"), the independent E&P company with assets in Nigeria and Gabon, notes the recent announcement made by its partner, the Operator of OML 113 Yinka Folawiyo Petroleum Company Limited, about the first oil production from the Aje field, offshore Lagos having commenced yesterday - 3 May 2016.
Saipem Scarabeo 3 Spuds Aje Well
Panoro Energy ASA , the independent E&P company with assets in Nigeria and Gabon, informed that drilling has commenced on the Aje-5 production well on the OML 113 license, offshore Nigeria. The well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig. Aje is an offshore field located…
