Panoro Energy ASA ( (PESAF) ) has provided an announcement.
Panoro Energy ASA announced a significant increase in its 2024 oil reserves, achieving a 309 percent organic reserve replacement ratio. The company’s 2P reserves grew by 22 percent, driven by discoveries and reclassifications in Gabon and Equatorial Guinea, highlighting its strong operational performance and strategic positioning in the African oil market.
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. The company holds production, exploration, and development assets in Africa, including interests in offshore Equatorial Guinea, Gabon, Tunisia, and South Africa.
YTD Price Performance: -7.95%
Average Trading Volume: 12,500
Technical Sentiment Signal: Buy
Current Market Cap: $258.2M
See more insights into PESAF stock on TipRanks’ Stock Analysis page.