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Panoro Energy - veien videre
highlander
15:46
09.12.2016
#6685

Ja, dette ble en perfekt rekyl. :) Aksjen er opp hele 17 % i dag alene.
highlander
18:53
22.12.2016
#6729

Panoro Energy har inngått en intensjonsavtale om å selge en andel tilsvarende 25% av Dussafu-lisensen i Gabon for USD 12 millioner til BW Offshore/BW Group. Etter salget eier Panoro drøye 8% av lisensen. Kjøperne vil videre gi Panoro begrenset lån som skal dekke investeringene inntil feltet når produksjon. Lisensens investeringsramme til first oil er USD 150 millioner. Kjøperne har samtidig inngått avtale om kjøp av resterende 66,67% av lisensen som tilhører nåværende operatør Harvest Natural Resources. En avtale med Panoro er avhengig av ulike vilkår, herunder at det blir inngått endelig avtale mellom partene, endelig avtale mellom kjøper og Harvest og godkjennelse fra gabonesiske myndigheter.

Arctic Securities antar at dagens melding øker Net Asset Value i Panoro med NOK 2-3 per aksje og mener kursen straks bør øke tilsvarende. Swedbank innrømmer å ha vært altfor konservative til Dussafu-verdien og mener deres sum-of-the parts vil øke med NOK 3-4 per aksje til en NAV på NOK 11. (Kilde: Xi)
highlander
16:15
08.11.2017
#7619

Sea Production - eier av FPSO’en Front Puffin som benyttes på Aje-feltet – har meddelt sine obligasjonseiere at raten er reforhandlet og redusert med om lag 60 % i forhold til tidligere avtale.

Aje-lisensen skylder Sea Production USD 10 millioner og det er i den reforhandlede avtalen også inngått en nedbetalingsavtale på beløpet. (Kilde: Xi)
highlander
14:01
08.01.2018
#7867

08/01-2018 12:15:15: (PEN) Increase in Oil Reserves at Tortue Field, Dussafu PSC

Oslo, 8 January 2018 - Panoro Energy ASA (the "Company" or "Panoro" with OSE
ticker: "PEN") is pleased to announce the updated preliminary oil reserves
review from independent reserves auditor Netherland, Sewell & Associates Inc.
("NSAI") of the Tortue oil field, located offshore Gabon and part of the Dussafu
Production Sharing Contract ("PSC").

The Tortue structure is one of four existing oil discoveries in the Dussafu
Exclusive Exploitation Area ("EEA") in which Panoro holds 8.33% working
interest.

These preliminary estimates have been provided to the operator BW Energy Gabon
by NSAI. A final report to BW Energy and Panoro is due to be made available
during Q1. As a result of the Final Investment Decision taken by Panoro and BW
Energy, previously booked Contingent Resources at Tortue can now be categorized
as reserves. The NSAI reserves review has benefitted from the new high quality
seismic data acquired by Panoro in 2013, and subsequently interpreted in 2015.

John Hamilton, Chief Executive Officer of Panoro, said "This updated reserves
review shows a surge of 80% in the mid-case scenario versus previous estimates,
and clearly demonstrate the value of Tortue and more generally the huge
potential for Dussafu to become a world-class producing asset. We are very
encouraged and excited by the preliminary NSAI review which illustrates this
material increase of our asset base. We expect to start producing oil at Dussafu
in the second half of 2018".

NSAI has calculated the following estimates for the total gross economically
recoverable oil reserves, derived from the assumed production from four oil
wells at the Tortue field, as follows:

· Proved (1P) reserves of 15.9 MMbbls
· Proved + Probable (2P) reserves of 23.5 MMbbls
· Proved + Probable + Possible (3P) reserves of 31.4 MMbbls

The preliminary results of the new NSAI reserves report illustrate:

· A material increase of over 80% of mid-case at Tortue, compared to the
previous independent report completed in May 2014, prior to the new seismic data
being available; and
· 3P reserves at Tortue are approximately equivalent to the total contingent
resources previously calculated for all four oil discoveries at Dussafu.

The NSAI reserves review does not yet include the other 3 discovered fields in
the EEA (Ruche, Moubenga and Walt Whitman) which will be updated in due course.
In addition, the independent reserves review also does not include prospective
resources associated with the 27 prospects and leads already identified within
the EEA.
highlander
14:50
18.01.2018
#7942

På bakgrunn av økt oljeprisestimat øker Sparebank1 Markets kursmålet på Panaro Energy fra 6 til 9 kr.

Meglerhuset gjentar sin kjøpsanbefaling.
highlander
08:02
28.02.2018
#8401

"Oljemyggen" Panoro Energy har kommet med resultatet for fjerde kvartal.

Selskapet melder om lavere inntekter i fjerde kvartal. Driftsinntektene falt til 1,6 millioner dollar i perioden, ned fra 2,0 millioner i samme periode året før.

Bunnlinjen i fjerde kvartal 2016 var preget av større nedskrivninger, hvilket medfører at årets fjerde kvartalsresultat er betydelig bedre med et underskudd på "bare" 4,4 millioner dollar.

Konsernsjef John Hamilton mener at selskapet er i en meget bra posisjon ved inngangen til 2018, og peker særlig på Dussafu med pågående boring av den første produksjonsbrønnen. Panoro ser nå fremover mot produksjon på Dussafu i andre halvår.

Endret 28.02.2018 08:04 av highlander
highlander
08:01
09.04.2018
#8923

BW Offshore og Panoro Energy melder mandag morgen at den første utviklingsbrønnen i Tortue-feltet offshore Gabon, DTM-2H, er fullført.

Boringen av oljeproduksjonsbrønnen startet sent i januar i år. Selskapene melder at brønnen ble ferdigstilt uten sikkerhetsproblemer, i tråd med tidsplanen og innenfor budsjett.

Tolkning av loggen indikerer at brønnen var konsistent med prognosen og målet fra før boringen.

Panoro Energy melder også om at selskapet har truffet på en hydrokarbonkolonne under boring i Gamba- og Dentale-formasjonene.

Riggen skal nå starte boring på letebrønnen DTM-3 nordvest for Tortue-feltet, før produksjonsbrønnen DTM-3H skal bores og fullføres i Gamba-formasjonen. Boringen er ventet å pågå til slutten av juni. (E24)
highlander
11:16
02.05.2018
#9672

Sparebank1 Markets har kommet med en analyseoppdatering der de gjentar kjøp av Panoro Energy.

Meglerhusets tallknusere øker NAV fra 9,80 til 13,20 kr, og øker på denne bakgrunn også kursmålet fra 9 til 13 kr.
highlander
08:26
16.05.2018
#10037

BW Offshore planlegger å bore en ny avgrensningsbrønn i den nordøstlige delen av Ruche-området i Dussafu-lisensen, offshore Gabon, ifølge en melding onsdag.

Boringen planlegges å starte ved midten av 2018, etter ferdigstillelsen av to produksjonsbrønner og avgrensningsbrønnen ved Tortue-feltet.

Målet med brønnen er å identifisere ytterligere ressurser i Ruche-området som eventuelt kan legges sammen med eksiterende funn fra området og danne grunnlag for fremtidige utviklingsfaser.

Den planlagte brønnen gir en attraktiv risk/reward-profil. Borr Norve-boreriggen er allerede i nærheten og tilgjengelig, noe som tillater oss å spre mobiliseringskostnader over ytterlige brønner. Data fra områdeundersøkelsen i 2016 for lokasjonspunkter fra det nordøstlige Ruche-området peker mot god sjanse for suksess, sier konsernsjef Carl K. Arnet i BW Offshore.

Panoro Energy er partner med BW Offshore på Dussafu-lisensen. (TDN)
OldNick
08:39
24.05.2018
#20170

Panoro Energy kom med Q1-2018 resultat idag.

PEN: Panoro Energy Announces Q1-2018 Results and Provides Operations and Corporate Updates

Børsmelding
24.05.2018

Oslo - Panoro Energy (the "Company" or "Panoro" with OSE ticker: "PEN") today announces the first quarter 2018 financial results and provides the following highlights:

Dussafu

- Updated independent reserves report prepared by Netherland Sewell & Associates Inc. ("NSAI") estimates gross Proved + Probable (2P) reserves of 23.5 MMboe and Contingent (2C) resources of 11.6 MMboe

- First development well, DTM-2H, completed successfully in April; second development well, DTM-3H underway

- Success at DTM-3 Appraisal well which encountered 30 metres of oil in the Gamba in the western flank of Tortue

- First oil expected in 2H 2018 at an anticipated gross rate of 10,000 to 15,000 bopd (Operator estimate)

Aje

- AGR TRACS certified total gross Proved + Probable (2P) reserves at Aje of 127 Mmboe, which represents a substantial increase in 2P reserves compared to the last independent report provided in 2014

- Legal dispute with JV partners in relation to drilling of new development wells fully resolved through a mutually beneficial out-of-court settlement

- Current oil production operations continue; focus on advancing the Turonian gas development plan and licence extension

Corporate

- Cash and cash equivalents of USD 5.1 million as at March 31, 2018, not including USD 1.5 million of cash which was refunded to the Company with accumulated interest post-period-end following the settlement of the Aje dispute

Mr. John Hamilton, CEO of Panoro, commented: "We are very pleased with the recent operational successes at Dussafu and remain focused on unlocking its potential. We look forward to the upcoming drilling news flow, and delivering first oil in this higher oil price environment. In the meantime, we continue planning the next phases of development at both Aje and Dussafu. The next several months hold exciting and material milestones for Panoro and its shareholders."

Panoro will hold a conference call today at 08:30 a.m. CET, during which the Company will discuss the first quarter 2018 results. Participants are invited to ask questions about the second quarter report following the discussion.


For further information please contact:
Qazi Qadeer, CFO, Tel: +44 203 405 1060, Email: info@panoroenergy.com


PEN: Q1-2018 Report (PDF)
OldNick
22:32
28.06.2018
#20301

Pen har gjort forretninger idag.

PEN: Acquisition of DNO Tunisia AS and Contemplated Private Placement

Børsmelding
28.06.2018

Panoro is concurrently launching an equity private placement of up to 4.25 million new shares and a potential additional sale of up to 1 million existing treasury shares (the "Private Placement"), pursuant to the authorisation given by the Annual General Meeting held on 24 May 2018. DNO has also agreed to subscribe for a significant portion of the Private Placement. The price per share is set at NOK12.82 per share, a 3.6% discount to the closing price on 27 June 2018, and equivalent to the Volumetric Weighted Average Price of Panoro shares over the past 30 trading days.

John Hamilton, Chief Executive Officer Panoro Energy said: "This acquisition represents a substantial milestone and the continuation of Panoro's strategy to build a balanced full-cycle E&P company focused on Africa. We are very excited to enter into this transformational deal with DNO in a stable jurisdiction like Tunisia. The Salloum discovery in particular is a low-cost development opportunity; the wider portfolio contains material exploration potential. This transaction also complements our existing E&P portfolio bringing a pipeline of new projects and significantly enhancing our operating capability through the skilled team based in Tunisia."

"The equity private placement combined with the acquisition of DNO Tunisia AS will materially strengthen Panoro's financial position for Phase 2 of Dussafu in Gabon and its growth plans in Tunisia."

Transaction Summary

DNO Tunisia AS holds 3 offshore assets: Sfax Offshore Exploration Permit, Ras El Besh Concession, and Hammamet Offshore Permit. Each of those assets has existing oil discoveries and material exploration upside. Panoro plans to secure an extension or renewal of the Sfax Offshore Exploration Permit, where Panoro intends to fast-track the development of the very shallow water Salloum oil discovery (ca 5 million barrels recoverable and tested at 1848 bopd).

The main terms of the Transaction include:

- Panoro to acquire DNO Tunisia AS (a Norwegian company holding DNO's business in Tunisia) for no cash consideration

- Panoro to assume all existing permit interests, rights and unfulfilled work obligations

- Panoro to secure a full operational and experienced organisation with strong local knowledge and operating capabilities, as well as local offices, warehouses and drilling inventory

- Panoro to retain a cash balance of approx. USD 8.6 million in DNO Tunisia AS at completion, reflecting DNO's partial contribution towards the remaining work obligations

- DNO to maintain exposure to the Tunisian assets and support Panoro's ability to develop and unlock value through subscription for Panoro shares in the Private Placement in a NOK amount equivalent to USD 4.15 million at a pre-agreed subscription price of NOK 12.82 per share

- DNO to receive a deferred consideration up to a maximum of USD 13.2 million, paid through future production from the operated Sfax Offshore Exploration Permit

Panoro's website contains an updated corporate presentation with a further overview of the Transaction.

mer på link, bl.a. om emisjonen som er gjort i ettermiddag.

Enquiries:
Panoro Energy ASA, John Hamilton, CEO, tel: +44 203 405 1060, E-mail: info@panoroenergy.com


De skal holde en telefonkonferanse i morgen kl. 08:30. Detaljer i børsmeldingen.
______

Deretter har de meldt at emisjonen av 4 250 219 aksjer til kurs 12.82/aksje ble overtegnet, såpass at de har valgt å selge 1 mill. egeneide PEN-aksjer i tillegg, slik at de fikk inn totalt USD8.3m i cash.

I tillegg utsteder Panoro 2 641 465 aksjer til DNO som betaling for overtagelsen av DNO Tunisia AS (som eier DNO's tildelte lisenser i Tunisia).

Selskapet sier de etter disse transaksjonene sitter med over USD20m i cash. En del av dette skal brukes til å delta i utviklingen av Dussafu-feltet i Gabon, og noe på det nye datterselskapet som opererer i Tunisia.

PEN: Panoro Energy - Significantly Oversubscribed Private Placement

Børsmelding
28.06.2018

Reference is made to the stock exchange notice published by Panoro Energy ASA ("Panoro", or the "Company") on 28 June 2018 at 16:35 CET regarding Panoro's acquisition of DNO Tunisia AS and contemplated equity private placement (the "Private Placement").

The Board of Directors (the "Board") of the Company is pleased to announce that Panoro has successfully completed bookbuilding for the Private Placement with the support of new and existing investors, raising gross proceeds of USD 6.7 million through the subscription and allocation of 4,250,219 new shares (the "New Shares") at a subscription price of NOK 12.82 per share (the "Subscription Price").

The Private Placement was significantly oversubscribed and generated strong demand from international investors. The Company therefore decided to increase the size of the Private Placement and place 1,000,000 shares that were held in treasury (the "Treasury Shares") at the same Subscription Price raising additional gross proceeds of USD 1.6 million. As a result Panoro is altogether raising gross proceeds of approximately USD 8.3 million.

The Subscription Price has been set fixed at NOK 12.82 per share representing the Company's 30 trading-day volume weighted average share price, a slight premium to today's closing price.This will result in the issuance of 4,250,219 New Shares. Following the closing of the Private Placement, the number of outstanding common shares in the Company will be 46,752,415. Closing of the Private Placement is expected to occur with 20 business days and subject to completion of the acquisition of DNO Tunisia AS (the "Transaction").

DNO is subscribing for 2,641,465 New Shares at the Subscription Price and subject to the completion of the Transaction, will hold the equivalent of 5.65% of the total enlarged outstanding shares of Panoro.

A number of Directors of Panoro including its Chairman Julien Balkany have also participated in the Private Placement.

The net proceeds from the Private Placement will be used for general corporate purposes, including but not limited to:

- Dussafu Phase 2 capital spend (reserve-based loan facilities as well as pre-financing oil solutions provided by oil traders being considered in parallel)
- Working capital for Dussafu oil production
- Development of Tunisian portfolio
- Further business development opportunities

mer på link

Endret 22:33 28.06.2018 av OldNick
highlander
17:49
30.07.2018
#11356

Oljemyggen Panoro Energy har fullført kjøpet av DNOs virksomhet i Tunisia, skriver selskapet i en børsmelding mandag ettermiddag.

Styret besluttet å gå videre med emisjonsplanene og aksjesalget.

Panoro utsteder 4.250.219 aksjer til 12,82 kroner per stykk i en rettet emisjon.

Selskapet selger også 1 million aksjer til 12,82 kroner per stykk.

Totalt vil Panoro dermed hente rundt 8,3 millioner dollar, tilsvarende 67,62 millioner kroner.

DNO har deltatt i emisjonen ved å tegne seg opp på 2.641.465 av aksjene i Panoro, noe som tilsvarer 5,65 prosent av selskapet.

DNO har dermed kjøpt aksjer i Panoro for 33,86 millioner kroner. (E24)
OldNick
08:01
23.08.2018
#20567

Panero Energy kom med Q2-2018 resultat i går.

Utviklingen i selskapet har vært positiv det siste året siden de fikk med seg BW Offshore som partner i Gabon, og de overtok DNO's Tunisia-lisenser.

Dette har ført til en enorm reprising av aksjen, som er opp mer enn 5-gangen siste året siden den bunnet ut i Aug-2017.


PEN: Panoro Energy Announces Q2-2018 Results and Provides Operations and Corporate Updates

Børsmelding
22.08.2018

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

Dussafu

- Second development well, DTM-3H, completed successfully
- Ruche North East well spudded; results expected in September
- FPSO Adolo has reached Gabon and is ready for installation and production start-up at Tortue field
- On schedule to achieve first oil in 2H 2018 at an anticipated gross rate of 10,000 to 15,000 bopd (Operator's estimates)

Aje

- Current oil production operations continue
- JV partners focus on advancing the Turonian development plan
- License renewal granted for an additional 20 years

Corporate

- Acquisition of DNO Tunisia AS completed in July 2018, providing Panoro with high quality assets, a full operating organisation and USD 8.3 million in cash
- Successfully completed a substantially oversubscribed equity private placement in July 2018, raising USD 8.3 million in gross proceeds
- Healthy financial position with over USD 20 million in cash when aggregating cash available at June 30, 2018 with the proceeds from the equity private placement, and from the transaction with DNO


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."

Panoro will hold a conference call today at 08:30 a.m. CET, during which the Company will discuss the second quarter 2018 results. Participants are invited to ask questions about the second quarter report following the discussion.

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

Enquiries:
Qazi Qadeer, CFO, Tel: +44 203 405 1060, Email: investors@panoroenergy.com


PEN: Q2-2018 Report (PDF)
highlander
07:56
04.09.2018
#12057

Sparebank1 Markets har kommet med en analyseoppdatering der kjøpsanbefalingen på Panaro ble opprettholdt.

Meglerhuset fremholder at "Discovery in Gabon adds valuable barrels" og løftet kursmålet med én krone, fra 21 til 22 kroner.

Påfallende nok toppet PEN ut på 22,10 kr mandag, før aksjen snudde og falt tilbake til LOD 20,20 på tampen av dagen.
OldNick
08:44
17.09.2018
#20657

Oljeproduksjonen igang på Dussafu.

PEN: Panoro Achieves First Oil Production at Tortue, Dussafu

Børsmelding
17.09.2018

Oslo - Panoro Energy (the "Company" or "Panoro" with OSE ticker: "PEN") is pleased to announce that first oil production has started from the Tortue field, within the Dussafu PSC, offshore Gabon. The introduction of first hydrocarbons into the BW Adolo FPSO operated by BW Offshore has been achieved on budget, safely, and comfortably within the guided timeframe. Operations will now focus on stabilisation of production and completion of other start up activities. Further announcements will be made in due course as to production rates, and planning for Tortue Phase 2. In addition, the recent successful well at Ruche North East is currently being appraised following a side track and extensive logging. Results will be announced in the near future.

John Hamilton, Chief Executive Officer Panoro Energy said: "Achieving first oil at Tortue is a material milestone for Panoro, having been involved in the evolution of the Dussafu PSC, from oil discoveries, to modern interpretation following seismic acquisition, and now to first commercial production. We are extremely pleased for all stakeholders in this major production asset in Gabon, and the commencement of oil production at Dussafu represents a significant accomplishment for Gabon and the Dussafu project team."

Dussafu is an Exclusive Exploitation Area ("EEA") of 850 square kilometres located in southern Gabon. The EEA is valid for 20 years from first oil production. The EEA currently contains 5 pre-salt oil discoveries, and holds multiple additional prospects and leads. Dussafu is operated by BW Energy and Panoro holds a 8.333% interest. The development concept entails a current Phase 1 consisting of two horizontal wells tied back to the FPSO BW Adolo.

Enquiries:
Panoro Energy ASA, tel. +44 203 405 1060
John Hamilton, Chief Executive Officer, investors@panoroenergy.com
highlander
11:03
17.09.2018
#12422

Arctic Securities oppgraderer sin anbefaling på Panoro Energy fra hold til kjøp i en fersk analyseoppdatering.

Meglerhuset mener det er oppside i aksjen, og peker særlig på det mulige potensialet til Dussafu-feltet basert på boreresultater og seismikk-dekning.

Samtidig jekker Arctic kursmålet opp fra 20 til 25 kr.
highlander
15:23
17.09.2018
#12430

Etter meldingen om "first oil" gjentar Sparebank1 Markets kjøpsanbefalingen på Panoro Energy.

Som følge av derisking øker meglerhuset verdsettelsen på selskapet, og øker kursmålet fra 21 til 23 kr.
highlander
15:20
10.10.2018
#12881

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OldNick
09:11
31.10.2018
#20852

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highlander
21:14
06.11.2018
#13398

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highlander
13:06
07.11.2018
#13409

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highlander
13:24
12.11.2018
#13524

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highlander
12:25
13.11.2018
#13544

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highlander
13:27
13.11.2018
#13550

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highlander
12:47
11.12.2018
#14254

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