• The divestment of Nigeria has been completed. Panoro will receive 96.6 mm shares or 6.78% of PetroNor (US$10 mm). The shares will be distributed to Panoro’s shareholders as a dividend in specie, and represents the first dividend payment to Panoro’s shareholders.
• In addition, Panoro is entitled a ~US$16.7 mm contingent payment based on future gas production volumes at Aje.
• In Gabon, 2Q22 gross production was in line with expectations at 10,700 bbl/d and reflects the pre-communicated gas li ....
13 Jul 2022
Panoro Energy ASA (OSE: PEN): Closing the Nigeria chapter and dividend in specie
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Panoro Energy ASA (OSE: PEN): Closing the Nigeria chapter and dividend in specie
- Published:
13 Jul 2022 -
Author:
Stephane Foucaud -
Pages:
5
• The divestment of Nigeria has been completed. Panoro will receive 96.6 mm shares or 6.78% of PetroNor (US$10 mm). The shares will be distributed to Panoro’s shareholders as a dividend in specie, and represents the first dividend payment to Panoro’s shareholders.
• In addition, Panoro is entitled a ~US$16.7 mm contingent payment based on future gas production volumes at Aje.
• In Gabon, 2Q22 gross production was in line with expectations at 10,700 bbl/d and reflects the pre-communicated gas li ....