Wirtschaftsnachrichten (Symbolbild).
Freitag, 28.04.2017 07:50 von

Panoro Announces Completion of Dussafu Transaction

Wirtschaftsnachrichten (Symbolbild). pixabay.com

PR Newswire

OSLO, Norway, April 28, 2017 /PRNewswire/ -- Panoro Energy ASA ("Panoro" or the "Company") (OSE ticker: PEN) is pleased to announce the closing of the sale of a 25% working interest in the Dussafu Production Sharing Contract ("Dussafu PSC") offshore Gabon to BW Energy Gabon ("BWEG"), a subsidiary of BW Offshore Limited (OSE ticker: BWO), for a total cash consideration of US$12 million.

John Hamilton, CEO of Panoro, said, "We are excited about our new partnership with BW Offshore to develop the Dussafu oilfield. The closing of this transaction helps strengthen our balance sheet, while retaining a fully financed interest in Dussafu".

Panoro's subsidiary, Pan-Petroleum Gabon B.V. ("PPG"), has received US$11 million in cash plus certain transaction date adjustments. As per the terms of the sale purchase agreement with BWEG, the remaining US$1 million will be paid in cash to PPG no later than 30 December 2017. 

Post-completion, PPG now holds an 8.333% working interest in the Dussafu PSC. PPG has also entered into a non-recourse loan facility whereby BWEG will provide up to US$12.5 million to PPG in order to fund PPG's share of all expenditures through the development phase to first oil production at Dussafu.

Enquiries: 

Panoro Energy ASA   
John Hamilton, Chief Executive Officer 
+44-203-405-1060
info@panoroenergy.com 

About Panoro Energy 

Kurse

Panoro Energy 13.500% NOK 2018
-  
0,00%
Panoro Energy 13.500% NOK 2018 Chart
2,2325
0,00%
Panoro Energy Asa Realtime-Chart

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 production, exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon and OML 113 offshore western Nigeria. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential. For more information, please visit the Company's website at www.panoroenergy.com.

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/panoro-energy-asa/r/panoro-announces-completion-of-dussafu-transaction,c2252995

The following files are available for download:

http://mb.cision.com/Main/399/2252995/666259.pdf

PR - PANORO ANNOUNCES COMPLETION OF DUSSAFU TRANSACTION

Werbung

Mehr Nachrichten zur Panoro Energy Asa Aktie kostenlos abonnieren

E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.