12:20 AM EDT, 09/15/2026 (MT Newswires) -- Panoro Energy (PEN.OL) said Monday it completed the $64.4 million acquisition from Norwegian oil and gas operator DNO (DNO.OL) of a 9.09% indirect interest in a gas-producing block in Côte d'Ivoire. The transaction involved the transfer to the London-based independent exploration and production company of DNO's subsidiary DNO CI, which holds the indirect interest. It settled the purchase using $43 million in cash and $21.4 million in new shares. DNO CI holds its indirect stake in Block CI-27 through a 33.33% shareholding in Foxtrot International, which operates the project with a 27.27% stake.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.