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Panoro Energy has provided an update in advance of its full year 2022 results. 2022 was a record year for Panoro with revenues estimated at approx. USD 188 million. Working interest production averaged approx. 7,500 bopd.
Panoro Energy reports that working interest production for the first three months averaged 8,300 bopd, a new quarterly record for the Company. Operational and financial performance in the quarter were in line with guidance.
Panoro Energy has provided an update in advance of its first quarter 2022 results which are scheduled for release on 25 May 2022. First quarter production performance of 8,300 barrels oil per day is within the full year average guidance range of 8,000 to 9,000 barrels oil per day and is the best ever quarterly production performance to date.
Panoro Energy has provided an update on operations and business performance in advance of the Company’s third quarter results. The Company continues to work towards achieving net working interest production of around 9,500 bopd by year end.