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Panoro Energy ASA ( (PESAF) ) has provided an update.
Panoro Energy ASA reported strong operational performance in the first half of 2025, with production levels within guidance, particularly from the Dussafu block in Gabon. Despite unplanned downtime in Equatorial Guinea, improvements in Tunisia helped offset this, and the company anticipates increased revenue in the second half due to its crude oil entitlement sales. The company also initiated a new share buyback program to enhance shareholder returns, reflecting its commitment to its distribution policy.
More about Panoro Energy ASA
Panoro Energy ASA is an independent exploration and production company headquartered in London and listed on the Oslo Stock Exchange. The company focuses on oil and gas assets in Africa, with interests in Equatorial Guinea, Gabon, Tunisia, and South Africa.
Average Trading Volume: 331,662
Current Market Cap: NOK2.71B
For an in-depth examination of PESAF stock, go to TipRanks’ Overview page.