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  • Panoro Energy Announces Closing of the Acquisition of DNO Tunisia AS
    édité le 01/08/2018 - Plus de news de "Panoro Energy" - Voir la fiche entreprise de "Panoro Energy"


Panoro Energy Announces Closing of the Acquisition of DNO Tunisia AS
Reference is made to the three stock exchange notices published by Panoro Energy ASA on 28 June 2018 regarding Panoro’s acquisition of DNO Tunisia AS and successful completion of the oversubscribed book-building of the equity private placement (the “Private Placement”).

Panoro is pleased to announce that the Company has today completed the acquisition of DNO Tunisia AS and all the conditions have been met to proceed with the settlement of the Private Placement, issue of new shares and delivery of treasury shares.

John Hamilton, CEO of Panoro, said: “We are very excited to have closed this transformational transaction with DNO. This acquisition complements our existing E&P portfolio, bringing with it a pipeline of new projects. Our operating capability is greatly enhanced by the skilled team based in Tunisia which will assist us in achieving our ambitious in-country growth objectives”.

About Panoro Energy

Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality production, exploration and development assets in Africa, namely the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria and the Sfax Offshore Exploration Permit, the Ras El Besh Concession, and the Hammamet Offshore Exploration Permit offshore Tunisia.

About DNO

DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, Oman, the United Kingdom and Yemen.


Origine : Communiqué Panoro Energy

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