Brief: Panoro Expects Significant Organic Growth In 2024

Panoro Energy ASA

25/01/2024 06:19

Jan 25 (Reuters) - Panoro Energy ASA  PENR.OL :
    * EXPECTS 2024 TO BE ANOTHER YEAR OF SIGNIFICANT ORGANIC
GROWTH.
    *  MID-POINT OF 2024 FULL-YEAR PRODUCTION GUIDANCE
REPRESENTING
AROUND  40 PER CENT INCREASE ON 2023 LEVELS
    * - 2023 WAS A RECORD YEAR FOR PANORO WITH REVENUES
ESTIMATED AT
USD 217 MILLION
    * CASH AT BANK AT 31 DECEMBER 2023 WAS APPROXIMATELY USD
27.9
MILLION
    * FULL YEAR 2024 WORKING INTEREST PRODUCTION IS EXPECTED TO
AVERAGE BETWEEN 11,000 BOPD TO 14,000 BOPD
    * Q1 2024 WORKING INTEREST PRODUCTION IS EXPECTED TO AVERAGE
9,500
BOPD TO 10,000 BOPD

Source text for Eikon:  ID:nWkr6JzqVZ 
Further company coverage:  PENR.OL 

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