BW Offshore: Agreement for acquisition of stake in Dussafu field from Panoro Energy (BW Offshore Limited)
(WorldNews Norway)

(Source: BW Offshore Limited) With reference to stock exchange release dated 22 December 2016. Pursuant to the memorandum of understanding entered into with Pan-Petroleum Gabon B.V. (`PPGBV`), a fully owned subsidiary of Panoro Energy ASA, BW Energy Gabon Pte. Ltd (`BWEG`), a subsidiary of BW Offshore, has entered into a definitive Sale and Purchase Agreement (the `SPA`) with PPGBV to acquire a further 25% working interest in the Dussafu production sharing contract in Gabon. Upon completion of the SPA, BWEG will pay PPGBV a total...