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PANORO ENERGY ANNOUNCES HIBISCUS UPDIP UPDATE AND PRESENTATION AT PARETO CONFERENCE

Oslo, 11 September 2019 – Panoro Energy ASA (OSE Ticker: “PEN”) is pleased to report an update on its drilling operation on the Hibiscus Updip well (“DHIBM-1”), located on Dussafu Marin Permit (“Dussafu”), offshore Gabon.

The DHIBM-1 well was drilled on the Hibiscus Updip prospect and reached a Total Depth of 3,538 metres. An oil discovery was made in the Gamba formation with an overall hydrocarbon column of 33 metres and average porosities ranging between 21% and 23%.

The initial results of logging the Gamba formation at Hibiscus Updip are highly encouraging. Our operating partner’s

Source: PANORO ENERGY ANNOUNCES HIBISCUS UPDIP UPDATE AND PRESENTATION AT PARETO CONFERENCE

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