Panoro Energy announces 1Q 2016 results
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
Panoro Energy has announced today the first quarter 2016 financial results and has provided the following updates:
Mr. John Hamilton, CEO of Panoro, commented:
“We are extremely pleased to have reached first oil production at Aje, offshore Nigeria. This is a transformational milestone and establishes Panoro as a full cycle E&P company. In Gabon, we continue to see enormous potential upside at Dussafu where we are working on securing partners to drill an exploration well. We feel this well will be the catalyst to move the project forward and unlock its inherent value. Having achieved production at Aje, we have established a strong platform from which to grow Panoro and add value for our shareholders. Looking forward, our strategy is to now expand our portfolio by acquiring further high quality production and development assets in West Africa. ”
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/25052016/panoro-energy-announces-1q-2016-results/
You might also like
bp progresses plans for the significant Bumerangue discovery, offshore Brazil
bp has provided an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil.