Thursday, 20 August 2026

Panoro is paying USD 80 million on a cash free, debt free basis for a producing offshore asset in Cote d'Ivoire, according to Offshore Engineer OEDigital.

The purchase adds roughly 23% to Panoro's pro forma group production and about 11% to group 2P reserves, the outlet reported.

Block CI-27 delivered gross output of 195 MMscfd of gas and 1,380 bopd of liquids in FY 2025, equivalent to about 36,000 boepd, per Offshore Engineer OEDigital. That gas volume covered more than 70% of national gas demand in Cote d'Ivoire.

Gross remaining reserves at the block stand at an estimated 540 Bscf of gas and 5 MMbbls of liquids, with an additional 380 Bscf and 9 MMbbls classified as resources, according to the same report.

Foxtrot International operates Block CI-27, holding a 27.27% effective participating interest in the asset. PETROCI and SECI are among the joint-venture partners.

The reserve profile is weighted heavily toward gas rather than liquids, at 540 Bscf against 5 MMbbls. The contingent barrel count is larger than the booked one, with 9 MMbbls of liquids resources sitting behind the 5 MMbbls of reserves.

The production split points the same way. Liquids ran at 1,380 bopd in FY 2025 against 195 MMscfd of gas, leaving the combined 36,000 boepd figure dominated by the gas stream.

FireBird Energy II LLC is being bought by Continental Resources in a transaction that lifts the buyer's Permian basin output by about 32,000 boed of oil-weighted production, World Oil reported.

The target's footprint runs to roughly 54,000 net acres in the Midland basin, sitting next to acreage Continental already works, according to World Oil.

Oil accounts for 69% of what the FireBird properties currently produce, World Oil reported.

Drilling inventory in the package totals 307 gross operated development locations, spread across more than six stacked-pay reservoirs, per World Oil.

Continental's Permian acreage has grown by more than 40% over the past 14 months once FireBird is counted, according to World Oil.

Doug Lawler, president and CEO of Continental Resources, said the basin is "integral to Continental's portfolio," in comments reported by World Oil.

Closing is expected in September 2026, subject to customary closing conditions, World Oil reported.

EnerPure has closed a US$35 million all-equity commercialization financing led by Rice Investment Group, with Canada Growth Fund Inc. joining as co-investor, according to a GlobeNewswire release.

The raise is structured entirely as equity, with no debt component disclosed in the announcement.

Proceeds are tied to the company's Alberta Commercial Plant, which EnerPure is targeting for completion and commissioning in the first half of 2028.

Separately, EnerPure announced a C$6.2 million grant from Emissions Reduction Alberta on July 20, 2026. GlobeNewswire states that the grant sits outside the US$35 million financing and is not included in that total.

ATB Capital Markets Corp. advised EnerPure on the capital raise.