Panoro Energy ASA said that the company is reviewing several strategic alternatives to increase value for shareholders including the sale of asset as well as acquisitions. Panoro Energy appointed FirstEnergy Capital Corp. to evaluate potential strategic alternatives for its West African business unit. Panora said, "FirstEnergy, as financial adviser to assist in the process of analyzing and evaluating prospects and options to the company which may include a sale, merger, listing, financing or other alternatives. The company has not set a timetable for the completion of the review process and it does not intend to comment further regarding the review process unless a specific transaction is approved."