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Heads of terms agreed for Block EG-23 offshore Equatorial Guinea

Heads of terms agreed for Block EG-23 offshore Equatorial Guinea
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Panoro to partner with GEPetrol to advance activities offshore Equatorial Guinea

Panoro to partner with GEPetrol to advance activities offshore Equatorial Guinea
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Panoro Energy to develop oil and gas discoveries offshore Equatorial Guinea

Covering a surface area of approximately 600 km2, in water depths ranging from 50 m to 100 m, 19 wells have been drilled on Block EG-23 to date resulting in seven hydrocarbon discoveries (four oil, two gas and one gas/condensate), some of which have been tested.

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