On 28 June 2018 DNO reported that it sells its Tunisian subsidiary DNO Tunisia to Panoro Energy. Panoro has launched a private placement to, among other things, fund the DNO Tunisia acquisition. The placement was successful and DNO participated in it so that the company will have a 5.65% stake in post-deal Panoro.   DNO participated following assets in Tunisia: Sfax Offshore exploration permit, Ras El Besh concession and Hammamet Offshore exploration permit.  Interests in the 3,228 sq km Sfax Offshore permit and the Ras El Besh concession, both located in the shallow waters of the Pelagian Basin are shared between operator DNO Tunisia AS, subsidiary of DNO (87.5%), Apex (6.88%), and Eurogas (5.63%).  Interests in the Hammamet Offshore permit, shallow to deep waters of the Pelagian Basin, are MEDCO, operator with 35%, CE Hammamet Ltd, Cooper Energy's Tunisian subsidiary with 35% and DNO Tunisia Ltd with 30%. Etap is carried for 50%.  In February 2018, DNO reported that it intends to drill an exploratory well on the Sfax Offshore permit, shallow waters of the Pelagian Basin, Gulf of Gabes, in the first half of 2018. Industry sources indicated that the well will target the Saker prospect.    Panoro will make its entry into Tunisia with the DNO acquisition. The company has operations in Nigeria and Gabon.
DNO reported that it sells its Tunisian subsidiary DNO Tunisia to Panoro Energy. Panoro has launched a private placement to, among other things, fund the DNO Tunisia acquisition. The placement was successful and DNO participated in it so that the company will have a 5.65% stake in post-deal Panoro. DNO participated following assets in Tunisia: Sfax Offshore exploration permit, Ras El Besh concession and Hammamet Offshore exploration permit.