PetroNor E&P, the sub-Saharan Africa-focused independent oil and gas exploration and production company, has collaborated with Panoro Energy for further extension of long-stop date for purchase of Pan Petroleum Aje
The long-stop date was extended to the 30 November 2021 per the announcement on 30 October 2021.
However, the process of obtaining statutory government approvals continues to take longer than expected. As such the company and Panoro have agreed a further one-month extension to the long-stop date.
The amended long-stop date to complete the transaction is now 31 December 2021. All other terms and conditions of the transaction remain unchanged.