Panoro Energy has agreed with the buyer GeoPark to extend the Long Stop Date for the Sale and Purchase Agreement for the divestment of the Brazilian subsidiary Rio das Contas (the Manati transaction) by one month from February 14 to March 14, 2014. Should the approval not be granted by the new Long Stop Date, both parties may at their sole discretion extend the Long Stop Date by a minimum two months or maximum of three months, determined by the party exercising the extension.
Both Panoro and GeoPark are working diligently with ANP to have the approval granted as soon as possible.
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