Panoro Energy ASA Completes Acquisition of OMV Tunisia Upstream Business

Congratulations to our client Panoro Energy ASA , who along with its partner completed the acquisition of OMV’s upstream oil & gas business in Tunisia on 21st December 2018.  Panoro’s share of the purchase price was funded through a $30mm equity private placement and a $27mm loan facility from Mercuria Energy.  Kapok Capital is pleased to be assisting Panoro Energy with ongoing compliance under its loan facility with Mercuria.