Access to capital key to Panoro growth

摘要

Oslo-listed Panoro Energy is undergoing a rapid expansion. The firm added to its portfolio recently with the acquisition of west African assets from debt-burdened Anglo-Irish independent Tullow Oil, comprising an expanded holding in Gabon and Panoro s first move into Equatorial Guinea. Panoro is an E&P specialist with an exclusive focus on Africa. Earlier this month, the company announced the "transformational acquisition" from Tullow of a 14.25pc stake in Equatorial Guinea's offshore block G (Ceiba and Okume), as well as another lOpc of Gabon's Dussafu field, bringing its share up to 17.5pc.