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An update from Panoro Energy ASA ( (PESAF) ) is now available.
Panoro Energy ASA reported a 26% increase in production for the first half of 2025, with significant developments in its Dussafu block offshore Gabon, including a 25 million barrel oil discovery. The company declared a Q2 cash distribution of NOK 80 million and continues share buybacks, aligning with its shareholder returns policy. Despite challenges in Equatorial Guinea, Panoro anticipates increased revenue in the second half as it sells the majority of its 2025 crude oil entitlement. The company is also progressing with various development and exploration projects across its assets, indicating a strong pipeline for future growth.
More about Panoro Energy ASA
Panoro Energy ASA is an independent exploration and production company based in London, listed on the Oslo Stock Exchange. The company focuses on production, exploration, and development assets in Africa, with interests in various blocks across Gabon, Equatorial Guinea, and Tunisia.
Average Trading Volume: 333,301
Current Market Cap: NOK2.6B
For a thorough assessment of PESAF stock, go to TipRanks’ Stock Analysis page.