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Panoro Energy Advances Share Buyback Program

Story Highlights
  • Panoro Energy ASA is an independent exploration and production company with assets in Africa.
  • Panoro initiated a share buyback program, purchasing 140,000 shares to enhance shareholder value.
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Panoro Energy Advances Share Buyback Program

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Panoro Energy ASA ( (PESAF) ) has issued an announcement.

Panoro Energy ASA has initiated a share buyback program to repurchase up to NOK 100 million of its common shares on the Oslo Stock Exchange. As part of this program, the company recently purchased 140,000 shares, bringing the total repurchased shares to 784,250. This move is part of Panoro’s strategy to manage its capital structure and potentially enhance shareholder value.

More about Panoro Energy ASA

Panoro Energy ASA is an independent exploration and production company based in London and listed on the Oslo Stock Exchange. It focuses on production, exploration, and development assets in Africa, including offshore and onshore interests in Equatorial Guinea, Gabon, Tunisia, and South Africa.

Average Trading Volume: 332,994

Current Market Cap: NOK2.63B

Find detailed analytics on PESAF stock on TipRanks’ Stock Analysis page.

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