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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Panoro Energy Asa | LSE:0N08 | London | Ordinary Share | NO0010564701 | PANORO ENERGY ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.40 | 9,296 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Services,nec | 231.82M | 33.38M | 0.2936 | 38.83 | 1.3B |
OSLO, Norway, May 23, 2019 /PRNewswire/ -- Panoro Energy (the "Company" or "Panoro" with OSE ticker: "PEN") today announces the first quarter 2019 financial results and subsequent events:
Highlights
Tunisia
Dussafu
Aje
John Hamilton, CEO of Panoro, commented: "A robust set of first quarter 2019 financial results underlines the substantial transformation achieved by Panoro Energy within the last year, and which now include for the first time the contribution of our Tunisian transaction completed in December 2018. Current oil production is up six-fold from a year ago, with Dussafu's performance higher than expectation. Looking forward, we have an exceptionally busy operational programme which will include drilling multiple new production and exploration wells, as well as promising workover activities. We remain on track to deliver significant organic growth and continue to review new opportunities for the benefit of shareholders."
(Note 1) Non-GAAP financial measures
As of the first quarter 2019, the Group has enhanced its disclosures and introduced the reporting of Underlying Operating Profit/(Loss) before tax, a Non-GAAP Financial Measure. Underlying Operating Profit/(Loss) before tax is considered by the Group to be a useful additional measure to help understand underlying operational performance. The definition and details of this non-GAAP measure can be referred to on page 7 of the first quarter 2019 report.
Panoro will hold a conference call today at 09:00 a.m. CET, during which the Company will discuss the first quarter 2019 results. Participants are invited to ask questions following the discussion.
Participants are asked to dial-in five to ten minutes prior to the start time using the number and password below:
Local - Oslo, Norway | +47-21-563-318 |
Toll Free – Norway | 800-19-457 |
Local – New York, USA |
+1-212-999-6659 |
Toll Free – USA |
+1-866-966-5335 |
Local – London, UK |
+44 (0) 20-3003-2666 |
Toll Free – UK |
0808-109-0700 |
Password: | Panoro |
Participants dialling in from outside these countries may use the UK or USA number. A replay of the audio will be available shortly after the call is finished and will remain on our website for approximately 7 days.
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 TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia.
Enquiries:
Qazi Qadeer, Chief Financial Officer
Tel: +44-203-405-1060
Email: investors@panoroenergy.com
For more information visit the Company's website at www.panoroenergy.com.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/panoro-energy-asa/r/panoro-energy-announces-first-quarter-2019-results-and-provides-operations-and-corporate-updates,c2823077
The following files are available for download:
https://mb.cision.com/Main/399/2823077/1050296.pdf | PEN announces 1Q 2019 results |
https://mb.cision.com/Public/399/2823077/a01e2b103ab91bd9.pdf | PEN First Quarter Report 2019 |
Copyright 2019 PR Newswire
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