• 3Q22 production had been previously reported. The FY22 production and capex guidance of US$65 mm have been re-iterated.
• The highlight of the announcement is the shareholder distribution policy. At US$80+/bbl oil realizations, Panoro will pay a US$20 mm core cash dividend in 2023. This represents a dividend yield of >5.5%.
• The distribution will increase with free cashflow. At US$90/bbl, an additional amount of up to US$10 mm could be distributed in 2023 in the form of further dividend or sh ....
30 Nov 2022
Panoro Energy ASA (OSE: PEN): Milestone achieved: Introducing a generous and progressive distribution policy
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Panoro Energy ASA (OSE: PEN): Milestone achieved: Introducing a generous and progressive distribution policy
- Published:
30 Nov 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 3Q22 production had been previously reported. The FY22 production and capex guidance of US$65 mm have been re-iterated.
• The highlight of the announcement is the shareholder distribution policy. At US$80+/bbl oil realizations, Panoro will pay a US$20 mm core cash dividend in 2023. This represents a dividend yield of >5.5%.
• The distribution will increase with free cashflow. At US$90/bbl, an additional amount of up to US$10 mm could be distributed in 2023 in the form of further dividend or sh ....