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
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... 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
      researchContentUrl
    }
    ... 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-first-dussafu-oil-cargo-offloaded-from-bw-adolo-fpso

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

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.

Hamilton has certainly divided opinions as well. Panoro has also been in a long slump and the management has received quite a bit of criticism. However, one cannot disagree regarding the acquisitions—although the Tunisian adventure should have been avoided. You are admirably well-informed about the company’s affairs. Somehow, I personally hope that Hamilton does not return—Balkany has handled both roles well. It might be good for someone else to oversee the next phase. That BWE combo would indeed be a very high-leverage combination for Dussafu. Could PNOR end its misery by cooperating with Panoro again (after Aje)? I believe this year will still bring positive surprises—there are so many bright drivers in the air—any one of them could well provide further positive momentum. The opening of Hormuz in the near future will certainly cause the share price to dip, but in the long run, I completely agree with you.

Panoro’s management is truly magical when it comes to the timing of those acquisitions. The EG assets and the stake in Dussafu were bought from Tullow in early '21, just before prices skyrocketed in '22, and now more ownership was bought from Kosmos right before Trump’s attack on Iran. Last time I asked Hamilton (CEO), he was very eager to grow the company to a larger scale and focus on ramping up production. The general trend has been strongly towards divesting from African oil production, with Western companies focusing on American shale and South America. As undervalued assets are constantly being put up for sale, it is logical for Panoro to be a buyer. I don’t believe Panoro is interested in selling at these share price levels, but a merger with another player (for example, BW Energy) could be possible if terms can be agreed upon. At the moment, I’m most interested in what John Hamilton plans to do next, as Panoro’s success has been down to good management. There has been some turmoil there, but his appointment as Chairman of the Board of Magnora indicates that his personal crisis is apparently starting to be over:                   Splash247 – 20 Oct 25              Panoro Energy CEO takes immediate leave for family reasons - Splash247    The chief executive officer (CEO) of oil and gas player Panoro Energy, John Hamilton, has decided to take a leave of absence for personal family reasons, effective immediately. The company said that it has a very strong team, which will provide...         Estimated reading time: 1 minute                                Magnora ASA:  As the new Chairman of the Board, the committee has proposed John Hamilton, currently a Board member (since 2018). He is CEO of Panoro Energy ASA and previously CEO of President Energy PLC, Managing Director of Levine Capital Management, and CFO of Imperial Energy PLC, plus spent 15 years with ABN AMRO Bank.  I would see Panoro as being best treated primarily as a growth dividend case with excellent cash flow yield, as there are no acquisitions (buyouts) in sight and the market is unlikely to place a very high valuation on the share price of a small oil company specializing in Africa in the future either.

The reserves report was released today. Current P1 (proved) as of 31.12.2025 is 27.28 MMbbls, whereas including Block G, P1 is 57.94 MMbbls. With the deal, reserves will therefore more than double! The share price still has room to rise to a clearly higher level. Regarding the valuation and possible premium for Panoro, it should be noted that we cannot underestimate the importance of stability, let alone freight and insurance costs, compared to operators in the Gulf region and their freight costs.  In my opinion, Panoro is becoming the Star of Africa

It’s also good for Panoro that PEAK OIL is being pushed into the distant future. If for no other reason, then at least regarding the hefty dividend (also due to the impact of growing production), there shouldn’t be any problems in the coming years.  In my opinion, this shock will keep the oil price high even after this year. Russian & Gulf infrastructure won’t be restored to its former state in a year – maybe not even in two,

Using some very amateur math, I’ve been thinking that if Panoro’s production (after the Block G deal) is over 5 million barrels per year, with neutral $80 barrel pricing, Panoro could be thought to make a profit of around 90-100 million dollars. And currently, Panoro is valued at around 415 million dollars. If Panoro were sold in a fantasy scenario, one could perhaps imagine a sale price of something like 600-750 million. But then there is the debt, which is a chunk of 250 million at the moment. So, a relatively neutral valuation in my opinion. On the other hand, if oil stays at the 90-100 level for longer through the end of the year, the situation is different. Of course, oil companies might otherwise start pricing in a premium for production outside the Middle East, so there could still be upside.

After a long time, Panoro & Brent have taken a bigger dip. The start of the year has been magical. Eka (alias Foreigner, I assume), what are your thoughts on the outlook after the Tullow deal and the private placement? The target price has been slightly lowered to around 35 NOK, but in my opinion, the capacity growth and the increase in oil reserves from the deal will support Panoro well into the future. Dividend-paying capacity will improve significantly at these oil price levels. The world understands that the era of fossils is by no means over. There also seems to be a broad consensus that oil far from Hormuz and the Red Sea is (increasingly?) valuable, at least for the foreseeable future. Having added a bit to my position myself, I’m curious to hear the views of other enthusiasts in the sector. Could Panoro be an acquisition target? In my opinion, that possibility is a significant price driver, at least this year…

Panoro seems to be trading at around a 500m USD market cap right now. The Brent - WTI spread currently seems to be widening and showing a supply/demand imbalance lurking outside the United States. I didn’t feel like cranking out an Excel sheet, so I asked ChatGPT how much the company would make with Brent at $100.   P/FCF 2-3? The basic assumption is probably slightly bullish since the price curve is still downward sloping, though at last glance the August contract was also around 90 USD, so production disruptions are being priced in until the fall. The company has a suitable amount of debt, so the leverage should be pleasing to the shareholder even if the price disruption only lasts for a year. Somehow it just feels like the stock is a value trap after all. Small market cap and an esoteric exchange. I would be surprised if the stock started performing better than Saturn Oil & Gas or Kosmos, which have practically the same tailwinds as Panoro. Maybe the stock will start outperforming the others down the line .

Panoro Energy

Panoro holds an 8.333% interest in the Dussafu Marin permit, offshore Gabon.Enquiries Panoro Energy ASA +44 203 405 1060 Qazi Qadeer, Chief Financial Officer investors@panoroenergy.com About...

Panoro holds an 8.333% interest in the Dussafu Marin permit, offshore Gabon.Enquiries  Panoro Energy ASA                                              +44 203 405 1060 Qazi Qadeer, Chief Financial Officer                     <virtloc>investors@panoroenergy.com </virtloc>About Panoro Energy Panoro Energy ASA is an independent E&amp;P company based in London and listed on the Oslo Stock Exchange with ticker PEN. The Company holds high quality production, exploration and development assets in Africa, namely the Dussafu License offshore southern Gabon, OML 113 offshore western Nigeria and Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia. For more information, please visit the Company's website at www.panoroenergy.com.