Panoro Energy Extends Share Buyback Program, Boosts Shareholder Value

Panoro Energy ASA ( (PESAF) ) just unveiled an update.

Panoro Energy ASA has extended its share buyback program, initiated on May 23, 2024, to repurchase up to NOK 100 million worth of shares, until the 2025 Annual General Meeting. During a recent period, the company bought 70,000 shares at an average price of NOK 30.9615, bringing the total repurchased shares to 1,663,300, representing 1.42% of its share capital. This move indicates Panoro’s commitment to enhancing shareholder value and may positively influence its market position.

More about Panoro Energy ASA

Panoro Energy ASA is an independent exploration and production company based in London, listed on the Oslo Stock Exchange under the ticker PEN. The company holds production, exploration, and development assets in Africa, including interests in Block-G, Block S, and Block EG-01 offshore Equatorial Guinea, as well as several blocks offshore southern Gabon, and assets in Tunisia and South Africa.

YTD Price Performance: 0.0%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $315.5M

For a thorough assessment of PESAF stock, go to TipRanks’ Stock Analysis page.