PANORO ENERGY ASA
Sector unknown·PEN · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Carbon tax and ETS prices
Regulation
StrategyPositive impact: strengthens
“In Tunisia at our jointly operated TPS Asset, we are focused on reducing routine flaring to zero by 2030, which is our most significant climate-related project.”
Annual report 2024A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Consumer spending
Macro
Market
“The commitment and focus of the Panoro team on managing the business responsibly and safely in a cost-effective manner has enabled us to progressively grow shareholder returns year-on-year while enabling the Company to successfully capitalise on organic reserve growth and portfolio expansion opportunities during the year.”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
EU climate and energy policy
Regulation
StrategyPositive impact: strengthens
“We are proud to report that our emissions intensity has decreased from 59.7kgCO₂e/boe in 2022 to 40.9kgCO₂e/boe in 2024, reflecting our ability to decouple production growth from carbon intensity. We have now established 2023 as our baseline year and set a Company-wide target of a 50% reduction in CO₂ emissions intensity by 2030.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Natural gas
Raw materials and inputs
Market
“Operations in South Africa ER 376 (Application Phase) (Panoro 100% WI) Progress continued on Panoro’s application for the ER 376 license, where an approved environmental impact assessment now allows for field activity planning. The area is prospective for natural gas and helium, situated near producing analogues such as the Virginia field in block PR 07 to the south west.”
Annual report 2024A · The company itself
Oil
Raw materials and inputs
DriverNegative impact: weakens
“Revenue in 2024 increased by 25 percent year-on-year to USD 285.1 million, USD 267.9 million of which was generated from crude sales of 3.5 million barrels sold at an average realised price of USD 76.58 per barrel after customary adjustments and fees. EBITDA was up 13 percent at USD 152.2 million while profit before tax was up 2 percent at USD 78.2 million.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“PANORO ENERGY 2024 ANNUAL REPORT | APRIL 2025 Page: 20 PRINCIPAL RISKS AND UNCERTAINITIES Risks relating to the oil and gas industry The Group’s results of operations, cash flow and financial condition depend significantly on the level of oil and gas prices and market expectations to these, and may be adversely affected by volatile oil and gas prices and by the general global economic and financial market situation The Group’s profitability is determined, in large part, by the difference between the income received from the oil and gas produced and the operational costs, taxation costs, as well as costs incurred in transporting and selling the oil and gas. Lower prices for oil and gas may thus reduce the amount of oil and gas that the Group is able to produce economically.”
Annual report 2024A · The company itself
Chains out: this strengthens Plastics and polymers
Inflation
Macro
DriverNegative impact: weakens
“Panoro is focused on mitigating the potential impact from supply chain challenges and commodity inflation.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Asia and emerging markets
Geography
Geography
“Equatorial Guinea: Interest in Block G 14.25% Interest in Block S 12% Interest in Block EG-01 56% Interest in Block EG-23 80% Gabon: Interest in Dussafu Marin permit 17.4997% Interest in Niosi and Guduma 25% Tunisia: Interest in TPS assets 49% South Africa: Application for ER 376 100% PANORO ENERGY 2024 ANNUAL REPORT | APRIL 2025 Page: 6 CEO LETTER Dear Fellow Shareholders: I am pleased to present our Annual Report for 2024. Panoro’s strong operational and financial performance in 2024 consolidates our position as a leading independent oil producer in Africa where we hold a high quality and well diversified portfolio of producing assets in Gabon, Equatorial Guinea and Tunisia.”
Annual report 2024A · The company itself
Equity and capital markets
Macro
DriverNegative impact: weakens
“Access to capital Concerns surrounding the energy transition have the potential to reduce the appetite of banks and investors to finance hydrocarbon activities. The Group does not anticipate any material change to funding in the short to medium term but are aware of this risk and will continue to monitor the potential impact of this risk to the business.”
Annual report 2024A · The company itself
Geopolitical uncertainty
Macro
DriverMixed impact: mixed
“Macro Environment The Brent oil price averaged USD 81 per barrel in 2024, little changed from the 2023 average Brent price of USD 83 per barrel as markets overall were relatively balanced throughout the year with global inventories showing only a modest drawdown of 0.18 million barrels per day in 2024. Slow demand growth and increased supply outside the OPEC+ countries meant that monthly prices remained rangebound between USD 70 per barrel and USD 90 per barrel, offsetting continuing geopolitical tensions in the Middle East and shipping disruptions in the Red Sea.”
Annual report 2024A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.29 bn USD |
| Revenue growth vs. the year before, same method | 25.3 % |
| EBITDA reported by the company | 0.15 bn USD |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 0.52 USD |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (USD), not converted to DKK. Quotes are shown as the company's own words in the report's original language.