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Panoro Energy ASA (PESAF) boosts pro forma output above 20,000 BOE per day with a fully derisked CI-27 acquisition, targeting 23,000 BOE per day by 2027.
Block CI-27 is reputed to be Côte d’Ivoire’s largest non-associated gas source, supplying more than 70% of national gas demand.
Oslo, 19 August 2026 – DNO ASA, the Norwegian oil and gas operator, today announced the sale of DNO CI LLC, the company through which DNO holds its interests in Côte d’Ivoire, to Panoro Energy ASA. Total consideration amounts to USD 86.5 million, comprising USD 65.1 million in cash and the balance in 7,000,000 Panoro shares to be issued. DNO acquired the Côte d’Ivoire business from RAK Petroleum plc in 2022 in conjunction with RAK Petroleum distribution of its shareholding in DNO to its sharehol
Kosmos Energy Ltd. (NYSE:KOS) is one of the best value penny stocks to buy according to hedge funds. On June 17, Kosmos Energy announced the completed sale of its interests in the Ceiba Field and Okume Complex in Equatorial Guinea to Panoro Energy. The transaction resulted in a final cash payment of approximately $127 million, […]
KOS' sale of Equatorial Guinea assets to Panoro brings in $127M, trims 2026 production and supports debt reduction, capital flexibility and portfolio focus.
Enhances portfolio, high grades capital allocation, lowers costs and enhances liquidityDALLAS, June 17, 2026 (GLOBE NEWSWIRE) -- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to announce the completion of the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy (“Panoro”). The final cash consideration on completion, post-closing adjustments, was approximately $127 million. The closing adjustment
Panoro Energy ASA (PESAF) reports robust production growth and strategic acquisitions, despite facing revenue pressures and operational hurdles.
Kosmos Energy (NYSE:KOS) received Ghanaian parliamentary ratification to extend key Jubilee and TEN field licenses through 2040. The extensions allow for up to 20 additional wells and support long term investment planning in the country. Kosmos also agreed to sell its non operating interests in Equatorial Guinea to Panoro Energy, reshaping its asset base. Kosmos Energy focuses on offshore oil and gas projects, with Ghana forming a central part of its production footprint. The confirmation...
Panoro Energy ASA (PESAF) doubles its size with a major acquisition, maintains robust cash flow, and outlines ambitious production targets for 2026.
Kosmos expects cost savings of around $100m through reduced capex and administrative costs.
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