contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


panoro-energy-asa-successful-placement-of-usd-150-million-tap-issue-1

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Panoro Energy is active in the oil and gas industry. The company is engaged in the exploration and production of oil and gas deposits. The largest operations are in Africa, where Gabon and Nigeria are countries with potential and development of oil drilling. In addition, the company is engaged in the transportation and sale of natural gas and oil. The company was established in 2009 and has its headquarters in London.

The update released today suggests that last year was quite solid. The shareholder returns and outlook (unspecified) are also encouraging. What are your thoughts on Panoro’s ability to generate returns for shareholders in 2026? What about African oil in the current global situation? Personally, I am hopeful that this provides oil security for Europe (including PNOR) in a situation where various global blocs are securing oil with self-sufficiency in mind. Europe’s own resources (excluding Russia) seem to be insufficient, so when it comes to oil, we will have to supplement our needs from other blocs – at a premium price?

Today, Bourdon’s discovery was announced. Approx. 25 million barrels of recoverable crude oil - a new field is taking shape.  Another piece of news is that OPEX, using the old calculation model, decreased from the $18.50 level to the $16/barrel level in Q1. Great, even though the new reporting method of $9.9 is really cryptic/misleading.

1) Operational costs exclude royalties, tariffs, workovers, domestic market obligation purchases, production sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments So apparently, it’s some ‘adjusted’ Opex figure. Meaning in reality, it’s probably still double that. Annoying trickery

The $9.9 OPEX level is correct, though a long list of cost items falls outside that figure - that COST1, according to common understanding, refers to disclaimer 1, where those cost items are listed.

This is also being heavily discussed on Norwegian forums. But then again, 19.9 would also be a decent figure compared to the anticipated level.

That would certainly heavily revise the 2025 opex calculations   I don’t have time to look into it more closely now, but I would still consider it more likely that opex is closer to 20 than 10. This will surely become clear soon

Oh, and Adolo’s capacity and efficiency were improved a couple of months ago. I would be inclined to believe this 9.9 figure. It comes at a good time, by the way - phew.

Panoro Energy

Oslo, 25 February 2026 - Panoro Energy ASA ("Panoro" or the "Company") is pleased to announce that it has successfully completed a USD 150 million tap issue (the "Tap Issue") under its existing...

<pre>Oslo, 25 February 2026 - Panoro Energy ASA ("Panoro" or the "Company") is pleased to announce that it has successfully completed a USD 150 million tap issue (the "Tap Issue") under its existing senior secured bond with maturity December 2029 (ISIN NO0013415786) (the "Bond Issue"). The Tap Issue attracted strong interest from both international and Nordic investors and was significantly oversubscribed. The net proceeds from the Tap Issue shall be applied towards the acquisition of a 40.375% increased interest in Block G, Equatorial Guinea, through the acquisition of Kosmos International Petroleum, Inc (the "Acquisition"). The Tap Issue was completed at a price of 102.25 per cent of nominal value and will trade under a separate ISIN until completion of the Acquisition (ISIN NO0013736264). Following completion of the tap issue, the total outstanding amount under the Bond Issue will be USD 300 million. Settlement of the tap issue is expected on or about 12 March 2026, subject to customary conditions precedent. An application will be made for listing of the additional bonds on the Nordic ABM. Julien Balkany, Chairman of Panoro, commented: "With the announced transformational acquisition of additional production in Block G, offshore Equatorial Guinea, we believe we are well positioned to&nbsp;generate material and sustainable cash flow for the benefit of our equity and credit investors. On behalf of Panoro Energy, I would like to thank our supporting&nbsp;existing bondholders throught this process, including but not limited to Mauritius Commercial Bank (MCB) and Trafigura, as well as our new investors for their strong contribution to this tap issue that was significantly oversubscribed. We are fully and humbly committed to continue running our high -quality E&amp;P portfolio with strong financial discipline in order to deliver enhanced returns for all our stakeholders." Arctic Securities and DNB Carnegie acted as Joint Bookrunners, and SpareBank 1 Markets and Pareto Securities acted as Co-Managers in connection with the tap issue. Advokatfirmaet Schjødt AS acted as legal advisor to the Company and Advokatfirmaet Thommessen AS acted as legal advisor to the Joint Bookrunners. Contact information For further information, please contact: investors@panoroenergy.com This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation. About Panoro Energy Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely interests in Block-G,Block EG-01 and Block EG-23 offshore Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin blocks offshore southern Gabon, the TPS operated assets in Tunisia, and onshore Exploration Right 376 in South Africa. Visit us at www.panoroenergy.com. Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy) </pre>