Panoro Energy details strong Q3 performance, development plans

Panoro Energy reported strong Q3 2025 performance, with group working interest production at 8,811 bopd and 10,611 bopd for the first nine months. Full-year 2025 production is expected just below 11,000 bopd. In Gabon, Dussafu block production remained robust despite a three-week maintenance period, with final investment decision reached for the four-well MaBoMo Phase 2 drilling campaign, targeting first oil in H2 2026.

Production in Equatorial Guinea was impacted by unplanned downtime at the Ceiba field, but recovery efforts are underway, with normalization expected by Q1 2026. Tunisia's TPS Assets maintained stable production, with optimization campaigns planned.

Crude oil liftings for Q3 2025 totaled 863,402 barrels, generating $60m in proceeds, with an average realized price of $69.47/bbl. Cash at bank stood at $44m as of September 30, 2025. The company remains committed to shareholder returns, with $45m in permitted distributions for 2025 and NOK 320.8m distributed year-to-date.