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Last 0.64 NOK
Change Today +0.03 / 4.92%
Volume 1.7M
PEN On Other Exchanges
Symbol
Exchange
Oslo
Frankfurt
OTC US
As of 10:25 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

panoro energy asa (PEN) Snapshot

Open
0.64 NOK
Previous Close
0.61 NOK
Day High
0.66 NOK
Day Low
0.61 NOK
52 Week High
09/1/14 - 3.40 NOK
52 Week Low
08/24/15 - 0.51 NOK
Market Cap
150.1M
Average Volume 10 Days
1.4M
EPS TTM
-0.18 NOK
Shares Outstanding
234.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PANORO ENERGY ASA (PEN)

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panoro energy asa (PEN) Details

Panoro Energy ASA engages in the exploration and production of oil and gas resources in West Africa. The company primarily holds interests in Dussafu License located in the offshore southern Gabon; and OML 113 located in the offshore western Nigeria. As of December 31, 2014, it had proved and probable reserves of 3.2 million barrels of oil equivalent; and contingent resources of 36.3 million barrels of oil equivalent. The company was incorporated in 2009 and is based in Oslo, Norway.

7 Employees
Last Reported Date: 04/30/15
Founded in 2009

panoro energy asa (PEN) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: $416.0K
Chief Financial Officer
Total Annual Compensation: $162.0K
Compensation as of Fiscal Year 2014.

panoro energy asa (PEN) Key Developments

Panoro Energy ASA Announces Earnings Results for the Second Quarter Ended June 30, 2015; Announces Non-Cash Impairment on the Dussafu Asset for the Second Quarter Ended June 30, 2015

Panoro Energy ASA announced earnings results for the second quarter ended June 30, 2015. The company reported net loss from continuing operations of USD 34.1 million compared to USD 1.9 million in first quarter of 2015. For the second quarter of 2015, the company reported, non-cash impairment of USD 32.4 million on the Dussafu asset.

Panoro Energy ASA Announces Drilling Results of Aje-5 Production Well

Panoro Energy ASA announced that drilling has commenced on the Aje-5 production well on the OML 113 license, offshore Nigeria. The well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig. Aje is an offshore field located in the western part of Nigeria in the Dahomey Basin close to the border with Benin. The field is situated in water depths ranging from 100 to 1,000 metres about 24 km from the coast. Panoro Energy holds a 6.502% participating interest in OML 113 (with a 12.1913% revenue interest and 16.255% paying interest in the Aje Field). The Aje Field contains hydrocarbon resources in sandstone reservoirs in three main levels - a Turonian gas condensate reservoir, a Cenomanian oil reservoir and an Albian gas condensate reservoir. The Aje-5 well is being drilled from a seabed location close to Aje-4 in 300 metres water depth. The well will be drilled as a deviated well targeting a location close to the Aje-2 subsurface location where that well encountered and tested high quality oil-bearing Cenomanian reservoir. Following drilling, the Aje-5 well will be completed as a subsea oil production well. The drilling and completion for Aje-5 is expected to take approximately 70 days. Following this the rig will be used to re-enter the existing Aje-4 well to complete it as a second Cenomanian subsea oil production well. Installation of the production manifold, flowlines, umbilicals and risers will take place in Fourth Quarter 2015 after which the FPSO vessel the `Front Puffin' will be installed and commissioned. Production is expected to commence by year end 2015 at an initial anticipated production flow rate of approximately 1,100 bopd, net to Panoro from these two wells, in accordance with the first phase of the approved Field Development Plan.

Panoro Energy ASA Announces the Resignation of Silje Auguston as Member of Board of Directors

Panoro Energy ASA announced that Silje Auguston has resigned as a member of the board of directors, effective immediately. In her resignation, Ms. Augustson cited that her other engagements are increasingly demanding and time consuming and has made it necessary to come to this decision. Ms. Silje Auguston has served on Panoro's Board since May 2012 and was Chair of the Audit Committee.

 

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