Panoro Energy has announced strong financial performance with revenue of USD 60.7 million and EBITDA of USD 35.6 million for the first three months of 2023.
Panoro Energy has provided an update in advance of its Q1 2023 results. Current group working interest production is strong at approx. 8,500 bopd, in line with expectations, following the key milestone of first oil at the Hibiscus Ruche Phase I development offshore Gabon on the Dussafu Marin Permit in early April and the acquisition by Panoro of the 40 percent minority interest it did not own in the Tunisian business also in April.