Wednesday 4 September 2019

Panoro Energy ASA announced that the Hibiscus Updip well (“DHIBM-1”), currently being drilled on the Dussafu Marin Permit offshore Gabon, has encountered hydrocarbons.

Logging operations and evaluation of the oil discovery are currently underway, following which Panoro expects a side-track of DHIBM-1 to be drilled. Further updates will be provided following completion of these activities.