Operation Permit

Panoro Energy ASA

24/08/2022 06:38

Aug 24 (Reuters) - Panoro Energy ASA  PENR.OL :
    * PLEASED TO ANNOUNCE THAT IT HAS BEEN AWARDED A 100 PER
CENT
INTEREST IN TECHNICAL CO-OPERATION PERMIT ("TCP") 218 LOCATED
ONSHORE NORTHERN FREE STATE PROVINCE, SOUTH AFRICA
    * AWARD OF TECHNICAL CO-OPERATION PERMIT 218 ONSHORE SOUTH
AFRICA
    * TCP AWARD IS FOR A PERIOD OF 12 MONTHS
    * TCP 218 COVERS A SURFACE AREA OF APPROXIMATELY 6,608 KM(2)
IN
HIGHLY PROSPECTIVE NORTHERN KAROO BASIN
    * COMPANY WILL HAVE OPTION TO APPLY FOR AN EXPLORATION RIGHT
COVERING PERMIT AREA
    * THIS REPRESENTS A GROUND-FLOOR ENTRY AT MINIMAL COST WITH
NO
IMPACT ON COMPANY'S GUIDED 2022 CAPEX OR ON PANORO'S OVERALL
CORPORATE STRATEGY.

Further company coverage:  PENR.OL 

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