Last 3.48 NOK
Change Today -0.01 / -0.29%
Volume 91.6K
PEN On Other Exchanges
As of 4:55 AM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

panoro energy asa (PEN) Snapshot

3.45 NOK
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3.49 NOK
Day High
3.50 NOK
Day Low
3.44 NOK
52 Week High
05/26/14 - 3.84 NOK
52 Week Low
12/10/13 - 2.78 NOK
Market Cap
Average Volume 10 Days
-0.09 NOK
Shares Outstanding
Dividend Yield
Current Stock Chart for PANORO ENERGY ASA (PEN)

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panoro energy asa (PEN) Details

Panoro Energy ASA is engaged in the exploration and production of oil and gas resources in Brazil and West Africa. The company holds interests in various oil and gas licenses located in the Santos basin outside the south-east coast of Brazil and in the Camamu-Almada basin in the state of Bahia. It also holds interests in various licenses in Nigeria and Gabon. As of December 31, 2013, the company had proved and probable reserves of 10.0 million barrels of oil equivalent. Panoro Energy ASA is based in Oslo, Norway.

23 Employees
Last Reported Date: 04/23/14

panoro energy asa (PEN) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $633.0K
Chief Operating Officer
Total Annual Compensation: $461.0K
Compensation as of Fiscal Year 2013.

panoro energy asa (PEN) Key Developments

Panoro Energy ASA Announces Executive Changes

Panoro Energy announced that Anders Kapstad, CFO and Country Manager in Panoro Energy has ended his two year contractual agreement in Brazil. Mr. Kapstad will not return to the position as CFO upon his return to Norway. He will however make himself available during a transition phase due to the ongoing sales process. Qazi Qadeer is appointed Interim CFO. Qazi is currently group financial controller working in the London office.

Panoro Energy ASA Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Impairment for the First Quarter Ended March 31, 2014

Panoro Energy ASA reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. The company reported LBITDA of $2,195,000, EBIT of $51,359,000, income before income tax of $47,052,000, net income for the period attributable to equity holders of the parent of $35,266,000 or $0.15 per basic and diluted share against total revenue of $12,725,000, EBITDA of $7,957,000, EBIT of $5,777,000, income before income tax of $3,423,000, net income for the period attributable to equity holders of the parent of $1,109,000 a year ago. Net cash used in operating activities was $3,435,000 against net cash flows from operating activities of $5,096,000 a year ago. Investment in exploration, production and other assets was $2,534,000 against $10,742,000 a year ago. The decline in EBITDA was primarily driven by the completion of the sale of Rio das Contas; the group's subsidiary which held the only producing asset in Brazil. The company recognized impairment and asset write-off of $173,000 in the first quarter of 2014.

Panoro Energy ASA Reports Audited Consolidated Cash Flow Results for the Year Ended December 31, 2013

Panoro Energy ASA reported audited consolidated cash flow results for the year ended December 31, 2013. For the year, the company reported net cash flow from operating activities of USD 18,263,000 against USD 19,764,000 for the same period a year ago. Investment in exploration, production and other assets was USD 22,030,000 against USD 21,777,000 for the same period a year ago.


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