Raw materials: the key factors of success for Panoro Energy
Slowly but surely, the Norwegian group Panoro Energy is making its name in the ultra-competitive world that is the oil industry. Significant acquisitions in Tunisia, oil discoveries in Gabon: Julien Balkany, Chairman of the Board of Panoro Energy, revealed the secrets of his company’s success to the French magazine Entreprendre.fr.
The year 2019 “is a year of transformation” for Panoro Energy, explains Julien Balkany in an interview with the specialist French magazine Entreprendre, before going on to detail the key projects implemented over the last twenty-four months by the Norwegian oil company that he chairs.
The growth of the group is mainly attributed to “significant discoveries in Gabon”, with successful exploratory drilling and appraisal wells within the Dussafu licence, offshore Gabon, but also to “two consecutive acquisitions in Tunisia”, the buyout of DNO Tunisia and the acquisition of OMV Tunisia Upstream GmbH (a subsidiary of the Austrian oil company OMV).
Significant transactions which provide justification, for Julien Balkany, of Panoro Energy’s desire to focus on Gabon and Tunisia in the coming months, newly strategic centres of activity where the group now wishes to increase its presence not just through exploration but also through acquisitions.
In Gabon firstly, Julien Balkany plans to “drill at least six and at most eight wells between 2019 and 2020. (…) The objective of this campaign, which is leveraging substantial investment, is to exploit new reserves of hydrocarbons and accordingly to increase (by at least 50%) our production of hydrocarbons in Gabon”.
In Tunisia, Panoro Energy “will drill an exploratory well on our Sfax Offshore exploration permit”. A well located close to an area where hydrocarbons were discovered back in the 1990s by the British company British Gas. In tandem, the group is forecasting an increase in production for the TPS concessions over the coming months.
Julien Balkany closes by stating that the global geopolitical context and the sharp rise in the price of oil over recent months was in fact going to “enable a large number of projects that had been put on hold in recent years to become economically viable and to be reopened for development”. A situation that should lead to a “re-stimulation of investment” in the short and medium term.
https://epenews.com/2019/06/18/raw-materials-key-factors-success-panoro-energy/
The year 2019 “is a year of transformation” for Panoro Energy, explains Julien Balkany in an interview with the specialist French magazine Entreprendre, before going on to detail the key projects implemented over the last twenty-four months by the Norwegian oil company that he chairs.
The growth of the group is mainly attributed to “significant discoveries in Gabon”, with successful exploratory drilling and appraisal wells within the Dussafu licence, offshore Gabon, but also to “two consecutive acquisitions in Tunisia”, the buyout of DNO Tunisia and the acquisition of OMV Tunisia Upstream GmbH (a subsidiary of the Austrian oil company OMV).
Significant transactions which provide justification, for Julien Balkany, of Panoro Energy’s desire to focus on Gabon and Tunisia in the coming months, newly strategic centres of activity where the group now wishes to increase its presence not just through exploration but also through acquisitions.
In Gabon firstly, Julien Balkany plans to “drill at least six and at most eight wells between 2019 and 2020. (…) The objective of this campaign, which is leveraging substantial investment, is to exploit new reserves of hydrocarbons and accordingly to increase (by at least 50%) our production of hydrocarbons in Gabon”.
In Tunisia, Panoro Energy “will drill an exploratory well on our Sfax Offshore exploration permit”. A well located close to an area where hydrocarbons were discovered back in the 1990s by the British company British Gas. In tandem, the group is forecasting an increase in production for the TPS concessions over the coming months.
Julien Balkany closes by stating that the global geopolitical context and the sharp rise in the price of oil over recent months was in fact going to “enable a large number of projects that had been put on hold in recent years to become economically viable and to be reopened for development”. A situation that should lead to a “re-stimulation of investment” in the short and medium term.
https://epenews.com/2019/06/18/raw-materials-key-factors-success-panoro-energy/
Treet
26.06.2019 kl 10:44
2871
Her er originalen for dere som kan litt fransk: https://www.entreprendre.fr/julien-balkany-panoro-energy-petrole-gaz/
Spitzer
28.06.2019 kl 09:33
2505
fra ADME-rapporten:
The Aje partners have renewed the production licence for a further twenty years and the Company expects to see further development drilling in 2020. Modelling work to assess the best and most profitable development scenarios are ongoing, including the formation of plans to develop the hydrocarbon reserves in both the Turonian and Cenomanian for the highest return on investment.
The Aje partners have renewed the production licence for a further twenty years and the Company expects to see further development drilling in 2020. Modelling work to assess the best and most profitable development scenarios are ongoing, including the formation of plans to develop the hydrocarbon reserves in both the Turonian and Cenomanian for the highest return on investment.
Fluefiskeren
28.06.2019 kl 09:42
2485
Er ikke så sikker på at alle vet at ADME er det nye navnet på MX Oil etter at Shaikh Ahmed Bin Dalmook Al Maktoum kjøpte seg opp til en eierandel på 29,86% i selskapet.
EDIT.
« Based on the current performance of wells Aje-4 and Aje-5, and assuming no significant increase in the Company's overheads, ADM Energy expects to become cashflow positive in 2020, subject to continued production, sustained oil prices and no unforeseen expenditure at project level, a significant milestone for the Company.»
EDIT.
« Based on the current performance of wells Aje-4 and Aje-5, and assuming no significant increase in the Company's overheads, ADM Energy expects to become cashflow positive in 2020, subject to continued production, sustained oil prices and no unforeseen expenditure at project level, a significant milestone for the Company.»
Redigert 28.06.2019 kl 09:54
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Fluefiskeren
28.06.2019 kl 10:22
2436
Har Adme økt sin eierandel i Aje? Totale P2 reserver er 138,2 mmboe. Meg bekjent har ADME 5 % eieandel. Det skulle utgjøre P2 reserver på 6,9 mmboe. I tabellen påstås det at de har 8,9 mmboe.
Fluefiskeren
28.06.2019 kl 11:40
2366
Kjedelig både her og på børsen. Bra det finnes andre aksjer.
Det gamle jungelordet mitt om at PEN-kursen alltid kommer tilbake til 16-tallet har stemt altfor bra dessverre.
Det gamle jungelordet mitt om at PEN-kursen alltid kommer tilbake til 16-tallet har stemt altfor bra dessverre.
gunnarius
30.06.2019 kl 09:40
2156
Tror oljeselskapene skal være fornøyd med alt som kom frem ifm. G20. For med frys av nye mulige tollsatser og i praksis lettelse på enkelte felt, vil trolig markedet belønne ingen eskalering av handelskrigen mellom USA og Kina med en oppgang.
Neste ukes OPEC møte og at OPEC+ hvor Putin allerede er meldt være enig med saudiene om å forlenge kuttene, stabiliserer oljeprisen. Spørsmålet synes være 6 eller 9 mnd. Sistnevnte kan gi en viss oppgang.
Alt i alt en helg hvor det ble utmeislet såpass substans i stabilisering og mulig lettelse i tiltak, jf. visibilitet vil høyst sannsynlig gi børsene et snev av optimisme.
Neste ukes OPEC møte og at OPEC+ hvor Putin allerede er meldt være enig med saudiene om å forlenge kuttene, stabiliserer oljeprisen. Spørsmålet synes være 6 eller 9 mnd. Sistnevnte kan gi en viss oppgang.
Alt i alt en helg hvor det ble utmeislet såpass substans i stabilisering og mulig lettelse i tiltak, jf. visibilitet vil høyst sannsynlig gi børsene et snev av optimisme.
Redigert 30.06.2019 kl 09:42
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