PANN.OL
Profile
Panoro Energy FY EBITDA Down At USD 6 Mln
Feb 25 (Reuters) - Panoro Energy ASA PANN.OL ::FOLLOWING COMPLETION OF TRANSACTIONS, PANORO IS FULLY FUNDED FOR ALL FORESEEABLE CAPITAL EXPENDITURE AND POSITIONED TO PAY CASH DIVIDENDS FROM 2023.EQUATORIAL GUINEA INFILL DRILLING PROGRAM PLANNED TO START Q2 2021 (SUBJECT TO COMPLETION).2020 EBITDA OF USD 6 MILLION COMPARED TO USD 24.6 MILLION IN 2019, DUE TO SIGNIFICANTLY LOWER OIL PRICES AND ONE FEWER LIFTING.NET LOSS AFTER TAX FROM CONTINUING OPERATIONS OF USD 1.7 MILLION FOR 2020.
Panoro Energy Raises $70 Million Through Private Placement
Feb 10 (Reuters) - Panoro Energy ASA PANN.OL ::US$ 70 MILLION OVERSUBSCRIBED PRIVATE PLACEMENT SUCCESSFULLY COMPLETED - MANDATORY NOTIFICATION OF TRADES.SUCCESSFULLY RAISED US$ 70 MILLION (EQUIVALENT TO APPROXIMATELY NOK 593 MILLION) IN GROSS PROCEEDS THROUGH PRIVATE PLACEMENT OF 38,276,451 NEW SHARES IN COMPANY.PRIVATE PLACEMENT WAS MULTIPLE TIMES OVERSUBSCRIBED AT A PRICE PER OFFER