Panoro Energy Announces First Quarter 2019 Results and Provides Operations and Corporate Updates

Tunisia Tunisia Dussafu Aje  John Hamilton, CEO of Panoro, commented:  "A robust set of first quarter 2019 financial results underlines the substantial transformation achieved by Panoro Energy within the last year, and which now include for the first time the contribution of our Tunisian transaction completed inDecember 2018. Current oil production is up six-fold from a year ago, with Dussafu's performance higher than expectation.  Looking forward, we have an...

OSLO, Norway, 23/05/2019 (informazione.news - comunicati stampa - energia)

 

John Hamilton , CEO of Panoro, commented: 

As of the first quarter 2019, the Group has enhanced its disclosures and introduced the reporting of Underlying Operating Profit/(Loss) before tax, a Non-GAAP Financial Measure. Underlying Operating Profit/(Loss) before tax is considered by the Group to be a useful additional measure to help understand underlying operational performance. The definition and details of this non-GAAP measure can be referred to on page 7 of the first quarter 2019 report.

Panoro will hold a conference call today at 09:00 a.m. CET , during which the Company will discuss the first quarter 2019 results. Participants are invited to ask questions following the discussion.

Participants are asked to dial-in five to ten minutes prior to the start time using the number and password below: 

Participants dialling in from outside these countries may use the UK or USA number. A replay of the audio will be available shortly after the call is finished and will remain on our website for approximately 7 days.

 

Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality production, exploration and development assets in Africa , namely the Dussafu License offshore southern Gabon , OML 113 offshore western Nigeria , and the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia .

 
Qazi Qadeer , Chief Financial Officer
Tel:     +44-203-405-1060
Email: investors@panoroenergy.com

For more information visit the Company's website at  www.panoroenergy.com .

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