Better deal than expected in EG – Increasing our target price from NOK30 to NOK34 per share
• The acquisition of Tullow’s EG asset has now closed and Panoro has paid a final consideration of US$89 mm in line with the initial price announced earlier (US$90 mm).
• Panoro has also sold a 903 mbbl cargo in EG associated with historical production in 2H20 and 1Q21 for US$59 mm net to Panoro (after royalty). This amount corresponds to Panoro’s net entitlement production (ie after distribution of gover ....
07 Apr 2021
Panoro Energy ASA (OSE: PEN): Better deal than expected in EG – Increasing our target price from NOK30 to NOK34 per share
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Panoro Energy ASA (OSE: PEN): Better deal than expected in EG – Increasing our target price from NOK30 to NOK34 per share
- Published:
07 Apr 2021 -
Author:
Stephane Foucaud -
Pages:
5
Better deal than expected in EG – Increasing our target price from NOK30 to NOK34 per share
• The acquisition of Tullow’s EG asset has now closed and Panoro has paid a final consideration of US$89 mm in line with the initial price announced earlier (US$90 mm).
• Panoro has also sold a 903 mbbl cargo in EG associated with historical production in 2H20 and 1Q21 for US$59 mm net to Panoro (after royalty). This amount corresponds to Panoro’s net entitlement production (ie after distribution of gover ....