Panoro Energy announces 2020 Y/E trading statement and operational update
25 Feb 2021
Panoro Energy has issued an update and guidance in advance of the Group’s 2020 Annual Report. The information contained herein has not been audited and may be subject to further review and amendment.
John Hamilton, Chief Executive Officer, Panoro Energy, commented:
'Panoro’s recently announced acquisitions and funding will completely transform the Company and its prospects. Panoro will become a growth company with a focus on cash flow generation and dividend capacity from 2023. The global events of 2020 materially impacted the oil and gas industry, as evidenced by industry financial statements. 2021 is already looking to be a much better year, as the Company plans for a busy operational period of production and exploration drilling against a much improved oil price environment.'