Brief: Panoro Energy FY EBITDA At $126.6 Million

Panoro Energy ASA

22/02/2023 06:11

Feb 22 (Reuters) - Panoro Energy ASA  PENR.OL :
    * FOURTH QUARTER 2022 TRADING AND FINANCIAL UPDATE
    * REPORTED REVENUE FOR FULL YEAR STOOD AT USD 188.6 MILLION
(2021:
USD 119.7 MILLION)
    * REPORTED EBITDA FOR FULL YEAR STOOD AT USD 126.6 MILLION
(2021:
USD 70.8 MILLION)
    * 2023 GUIDANCE AND OUTLOOK: FULL YEAR WORKING INTEREST
PRODUCTION
EXPECTED TO AVERAGE 9,000 BOPD TO 11,000 BOPD IN 2023, WITH
RANGE BEING DEPENDENT ON TIMING OF START-UP OF EACH OF NEW
PRODUCTION WELLS AT DUSSAFU MARIN
    * Q1 2023 WORKING INTEREST PRODUCTION IS EXPECTED TO BE
7,000 BOPD
TO 7,500 BOPD TAKING INTO ACCOUNT A PLANNED SHUTDOWN DURING
FEBRUARY AT DUSSAFU MARIN FOR FINAL HOOK UP AND COMMISSIONING
WORK
    * EXPENDITURE ON CAPITAL AND OTHER NON-RECURRING PROJECTS IN
2023
IS EXPECTED TO BE APPROXIMATELY USD 75 MILLION
    * PANORO EXPECTS ITS CRUDE LIFTINGS IN Q1 TO BE
APPROXIMATELY
750,000 BARRELS IN EQUATORIAL GUINEA AND TUNISIA

Source text for Eikon:  ID:nObiWHGRfa 
Further company coverage:  PENR.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))