Panoro Energy Announces Extension of Long Stop Date for Sale of Aje

Source: www.gulfoilandgas.com 12/30/2021, Location: Africa

Panoro Energy ASA and PetroNor E&P Limited have agreed to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited ("Pan Aje") ("the Transaction").

The amended long stop date to complete the Transaction is now 31 January 2022 to make allowance for the process of obtaining statutory government approvals taking longer than expected.

A further announcement will be made once the necessary regulatory approvals are in place.

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


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