Panoro Energy ASA

Panoro Energy ASA is an independent oil and gas exploration and production company headquartered in London and listed on the main board of the Oslo Stock Exchange under the ticker PEN. Founded in 2009, the company focuses exclusively on upstream assets across Africa, holding production, development, and exploration interests in Equatorial Guinea (Block G, Block EG-01, and Block EG-23), offshore Gabon (Dussafu Marin, Niosi Marin, and Guduma Marin Licenses), Tunisia (TPS operated assets), and South Africa (onshore Exploration Right 376). The company achieved a record net production of approximately 10,263 barrels of oil per day in full-year 2025, generating revenues of USD 199.4 million, and is targeting a production threshold of 20,000 barrels per day by 2027. With a market capitalisation of approximately USD 399 million and a strong balance sheet, Panoro Energy continues to pursue disciplined growth through asset acquisitions and development activity across its African portfolio.