Panoro Energy ASA/Nkr PEN

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About Panoro Energy ASA

Panoro Energy ASA is an independent exploration and production company in the oil and gas industry. It is engaged primarily in the exploration, development, and production of oil and natural gas resources. The company operates across several important geographic regions in West Africa, including Tunisia, Gabon, and Nigeria. Panoro Energy's portfolio includes a mix of production, development, and exploration assets, providing potential growth opportunities through diverse energy resources. Established to leverage its expertise in emerging markets, the company is headquartered in Oslo, Norway. Its strategic focus is on delivering efficient production and expanding its asset base through selective opportunities in sub-Saharan Africa.
Ticker
Nkr PEN
Sector
Energy
Primary listing
XOSL
Employees
34
Headquarters
Oslo, Norway
Website
www.panoroenergy.com

PEN Metrics

BasicAdvanced
kr 3.9B
-
-
0.05
kr 1.89
6.38%

Bulls say / Bears say

The completed Block G acquisition increased Panoro’s interest in Equatorial Guinea’s producing asset to 54.625 per cent. Pro forma H1 production reached 15,191 barrels per day and the larger stake should increase lifting frequency and cash-flow exposure. (Euronext, Panoro Energy ASA)
Dussafu offers a clear organic growth path. Its PSC has been extended to 2053, four MaBoMo Phase 2 production wells are being drilled, and the Bourdon development has targeted first oil in the first half of 2028. (Panoro Energy ASA, Inderes)
The Côte d’Ivoire acquisition adds gas that is sold under take-or-pay contracts with a minimum price not linked to oil. It lifts group production to more than 21,500 boe per day and gives Panoro a longer-life, less oil-dependent cash-flow stream. (Panoro Energy ASA, Inderes)
Reported H1 performance was weak despite stronger pro forma volumes. Revenue fell to US$60.3 million and Panoro recorded a US$59.4 million net loss, leaving a sizeable gap between acquisition-adjusted EBITDA and results attributable to the existing reporting perimeter. (MarketScreener, Panoro Energy ASA)
The expansion increases financing and dilution risk. Panoro had US$300 million of senior secured notes outstanding at June, while the Côte d’Ivoire purchase required a further US$50 million bond and seven million new shares; the new bond carries a 10.25 per cent coupon. (Inderes, Simply Wall St News)
The growth plan depends on execution in a concentrated West African portfolio. Management still guides to 15,000–17,000 barrels per day for 2026, while restoration at Block G and the Dussafu drilling programme remain under way; the company has also warned that a material oil-price fall could weaken its borrowing base and refinancing capacity. (Inderes, Panoro Energy ASA)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.

PEN Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

PEN Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.