John Hamilton took a leave of absence from the role of Panoro Resources’ Group Chief Executive Officer, for personal reasons in October 2025.
He didn’t return to work. Instead, he has announced his retirement.
Hamilton was a momentous leader at Panoro, an Oslo listed junior entirely focused on African operations.
He took the office in 2015. His 11 year tenure as CEO was the longest in the 17 year history of Panoro, which was founded in 2009.
The entry into Gabon’s Dussafu permit had happened before him, but he extracted enormous value for the company when he sold 25% stake to the aggressive operator BW Energy in April 2017. BW made an upfront payment of $11.Million in cash plus some working capital adjustments. This was more than a full year to first oil. Four years later, Panoro finalized the acquisition of Tullow Oil’s entire 10% interest in the same acreage for $38Million, further solidifying its position.
Tunisia: In July/August 2018, Panoro completed the acquisition of DNO Tunisia AS, taking over interests in the Sfax Offshore Exploration Permit, Ras El Besh Concession, and Hammamet Offshore Exploration Permit.OMV Tunisia Assets, In December 2018,Panoro completed the acquisition of OMV (Tunisia) Upstream GmbH, securing a 49% stake in five producing oil concessions (TPS Assets).Sfax Petroleum Corp (2023): In April 2023, Panoro agreed to acquire the remaining 40% stake in Sfax Petroleum Corporation AS.
Equatorial Guinea: Hamilton’s Panoro acquired Block G (14.25% Non-Operated Interest) in Equatorial Guinea in February 2021 as part of a transaction with Tullow Oil. In April 2023, the company completed Farm-in, with 12% interest in the Kosmos-operated Block S. In the same month, Panoro completed all regulatory approvals for Block EG-01 (56% Operated Interest) from the government. In November 2024, formal production-sharing contract signed for 80% Operated Interest in Block EG-23. In February 2026, Panoro announced an agreement to acquire an additional 40.375% interest in Block G from Kosmos Energy, bringing their total stake to 54.625% (expected to close Q3 2026.
“Mr Hamilton has successfully led the Company through multiple accretive acquisitions, equity and debt financings, challenging periods of macro-uncertainty including the COVID 19 pandemic, value adding development programmes and exploration successes, enabling Panoro to achieve several key milestones and establish itself as one of the leading independent upstream E&P companies active in Africa today”, the company says.
Panoro isn’t letting Hamilton go entirely. “The Nomination Committee has proposed the election of Mr Hamilton to the Board as non-executive director”, the company says in the statement..
Julien Balkany will continue to act as Executive Chairman until at least the end of 2026, working closely alongside Eric d’Argentré, who will assume the position of Chief Executive Officer from 1st January 2027.
Balkany will head Panoro’s Executive Committee to be comprised of Eric d’Argentré (Chief Operating Officer and President), Qazi Qadeer (Chief Financial Officer), Andrew Dymond (Head of Corporate Development) and Mr Kim Hansen (Head of Engineering).
“Deputy Chairman Torstein Sanness will transition to a new role, becoming Emeritus Chairman, in this capacity he will continue as an observer to the Board, and also oversee a newly formed Technical Committee. Mr Sanness will also join the Nomination Committee, replacing Grace Reksten Skaugen who will step down at the AGM”.