Panoro Energy ASA: MANDATORY NOTIFICATION OF TRADES

OSLO, Norway--()--

CEO buys shares in Panoro Energy

Panoro Energy ASA (OSE ticker code "PEN") announces that on July 22, 2016, Mr. John Hamilton, CEO of Panoro, has bought 5,000 shares at an average price of NOK 3.69 per share. Following this purchase Mr. Hamilton controls 53,801 shares in Panoro Energy ASA. At the time of purchase, Mr. Hamilton had been granted 100,000 Restricted Share Units.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About Panoro Energy

Panoro Energy ASA is an independent E&P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality exploration and development assets in West Africa, namely the Dussafu License offshore southern Gabon, and OML 113 offshore western Nigeria. Both assets have discoveries with approved Field Development Plans. In addition to discovered hydrocarbon resources and reserves, both assets also hold significant exploration potential. For more information visit the Company's website at www.panoroenergy.com.

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Contacts

For more information, please contact:
Qazi Qadeer
Chief Financial Officer
Tel.: +44 203 405 1084
Email: info@panoroenergy.com

Contacts

For more information, please contact:
Qazi Qadeer
Chief Financial Officer
Tel.: +44 203 405 1084
Email: info@panoroenergy.com