• The 3Q20 financials contained no major surprises with WI production of 2.1 mbbl/d supported by a production increase in Tunisia. FY21 production guidance is now 2.2-2.3 mbbl/d reflecting the production guidance in Gabon indicated by BW Energy last week.
• Panoro held US$15.6 mm in cash at the end of September and 4Q20 is expected to be a strong quarter with three expected liftings (including two in Gabon). This compares to 5 liftings over the first nine months of 2020. 4Q20 revenue is expected ....
24 Nov 2020
Panoro Energy ASA (OSE: PEN): 2021 will be a transformational year
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Panoro Energy ASA (OSE: PEN): 2021 will be a transformational year
• The 3Q20 financials contained no major surprises with WI production of 2.1 mbbl/d supported by a production increase in Tunisia. FY21 production guidance is now 2.2-2.3 mbbl/d reflecting the production guidance in Gabon indicated by BW Energy last week.
• Panoro held US$15.6 mm in cash at the end of September and 4Q20 is expected to be a strong quarter with three expected liftings (including two in Gabon). This compares to 5 liftings over the first nine months of 2020. 4Q20 revenue is expected ....