PetroNor E&P Limited (PNOR)

[Celestar]

Oi! Blir spennende å se kursutviklingen på mandag! Var vel kanskje noen som visste noe siden vi har gått fra 0,95 til 1,20 i det siste…

[Kronn]

Jøss, en stang inn mld altså, denne var viktig.
Gratulerer til dei som er inne her, åpner nok sikkert bra høyt mandag denne

[Logdec]

Nydelig

[arv87]

To the moon nå. Blir rally på mandag

[Sailor]

Det var godt å få denne i boks, har hatt troa på løsning hele veien, men at noe måtte ofres for å bli enig med myndighetene. Regner med at de opprinnelige kontraktene sto like sterkt i Gambia og Senegal, så derfor går jeg ut ifra at de jobber med å få til en lignende avtale med Senegal (SOSP). Da begynner det endelig å se litt lysere ut som aksjonær igjen.

[Hoven]

Super melding. Og tror det snart kommer løsning i Senegal også.

[TekBot]

Corporate Presentation

Corporate Presentation

PetroNor E&P Limited is pleased to announce the publication of an updated corporate presentation.
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For further information, please contact:

Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Invitation to investor webcast 25 September 2020

24 September 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

PetroNor E&P Limited: Invitation to investor webcast 25 September 2020

Interactive Investor Event with Xtrainvestor

PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces that it will host an interactive shareholder webinar with Xtrainvestor at 12:00 (Oslo) on Friday 25 September 2020.

The webinar will be hosted by PetroNor’s CEO Knut Søvold and moderated by Trond Omdal, research analyst at Pareto Securities. The purpose of the webinar is to provide more details on the recent positive settlement with The Gambia, as well as provide a general overview of the Company’s operational and financial performance.

Investors wishing to follow or participate in the event can submit questions for the live Q&A session through the following link: https://www.facebook.com/Xtrainvestor/posts/10159394485416495

The playback of the event will remain available on the same URL as well as be made available on YouTube and Xtrainvestor (https://www.xtrainvestor.com/)

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Update on Senegal Arbitration

26 October 2020

PetroNor E&P Limited
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(“PetroNor” or the “Company”)

PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, advises that the case details are publicly available on ICSID’s website
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/18/24
and that the proceedings are currently suspended until 2 November 2020. Furthermore although close to the end of the suspension agreement, the parties continue to work towards an amicable solution.

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For further information, please contact:

Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000

Kilde

[TekBot]

Judgment from Court of Appeal in relation to dispute concerning Company’s Asset in Congo

27 October 2020

PetroNor E&P Limited
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(“PetroNor” or the “Company”)

Judgment from Court of Appeal in relation to dispute concerning Company’s Asset in Congo

PetroNor E&P Limited (OSE ticker: “PNOR”) provides the following statement regarding the judgment received today from Borgarting Lagmannsrett (Court of Appeal) in relation to the dispute concerning Company’s asset in Congo.

Reference is made to the press release dated 7 October 2019, concerning the lawsuit by Mr. Trond Kostveit against certain shareholders in PetroNor and involving PetroNor’s subsidiary Hemla Africa Holding AS (“HAH”). Following an appeal by Mr. Kostveit, the proceedings commenced before the Court of Appeal on Monday, 28 September 2020. In the judgment received today, the appeal put forth by Mr. Kostveit has been rejected and Mr. Kostveit has been ordered to cover the costs incurred in connection with the appeal.

This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Extension of Senegal Arbitration Suspension

PetroNor E&P Limited
(“PetroNor” or the “Company”)

…

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PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces that, further to the announcement made on 5 May 2020 regarding a six month suspension to the Arbitration with Senegal, both parties have agreed to extend the suspension period by an additional 3 months. The extension is a result of ongoing discussions as well as delays to the process as a result of the global pandemic.

Commenting on the update, Eyas Alhomouz, Chairman of PetroNor E&P Limited, said:

“This extension allows both parties more time to progress dialogue and hopefully find a solution that is in the interest of Senegal and its people, as well as PetroNor and its shareholders. We will update the market when there are further developments.”

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000

Kilde

[TekBot]

PetroNor E&P Limited: Invitation to webinar 5 November 2020

30 October 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

PetroNor E&P Limited: Invitation to webinar 5 November 2020

Company Webinar with SpareBank1 Markets

PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces that it will host a webinar with SpareBank1 Markets at 12:30 (Oslo) on Thursday, 5 November 2020.

The webinar will be hosted by PetroNor’s CEO Knut Søvold, Business Development Manager Gerhard Ludvigsen and Teodor Sveen-Nilsen, Equity Analyst with SpareBank1 Markets. The purpose of the webinar is to provide a general update of the Company’s activities.

Investors wishing to follow can register through the following link: https://attendee.gotowebinar.com/register/2718442854688918796

The playback of the event will be made available on the Company website.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000

Kilde

[TekBot]

Market Making Agreement with SpareBank 1 Markets AS

02 November 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

Market Making Agreement with SpareBank 1 Markets AS

PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces that it has entered into a market making agreement with SpareBank 1 Markets AS.

The purpose of the agreement is to enhance liquidity in the trading of the company’s shares, which are listed on Oslo Stock Exchange. The agreement is in accordance with the standard requirements of Oslo Stock Exchange. First day of market making will be 3 November 2020.

This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Lapse of Unlisted Options

16 November 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

Lapse of Unlisted Options

PetroNor (OSE ticker: “PNOR”) advises that a total of 190,000 unlisted options have lapsed unexercised without compensation to the holders. The lapsed unlisted options are as follows:
190,000 options expiring 15 November 2020, exercise price NOK 1.70.

Following the lapse of the above options, the Company’s capital structure is as follows:

Shares Listed on Oslo Axess (OSE ticker “PNOR”)
971,665,288 ordinary shares (ISIN AU0000057408)

Unlisted Share Options
700,000 options expiring 22 December 2020, exercise price NOK 1.70
213,400 options expiring 11 January 2022, exercise price NOK 2.50
1,176,070 options expiring 31 May 2022, exercise price NOK 7.75

For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
Tel: +47 22 55 46 07

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Petronor Adds High Potential Guinea Bissau Acreage to Portfolio

20 November 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

Petronor Adds High Potential Guinea Bissau Acreage to Portfolio

Acquisition of SPE Guinea Bissau AB

PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, is pleased to announce the purchase of SPE Guinea Bissau AB.

This entitles PetroNor to assume the Operatorship (and interest of 78.57%) of the Sinapa (Block 2) and Esperanca (Blocks 4A and 5A) licences in Guinea Bissau, subject to Government approval. The licences have been extended for 3 years and are valid until 2 October 2023 maintaining the same attractive fiscal terms.

Transaction Highlights:

• Aligned with PetroNor’s strategy to grow position in this highly prospective trend that continues to be a hotspot for exploration activity;
• PetroNor to assume Operatorship of two licences with meaningful equity interest (78.57%);
• The Atum and Anchova prospects are analogous to the world class Sangomar field in Senegal;
• The prospects are ‘drill ready’, benefitting from significant technical work delivered to date by Svenska Petroleum Exploration (SPE) and partner FAR Ltd.;
• Commercially attractive prospects, Atum and Anchova, contain net combined P50 recoverable prospective resources of 568 mmbo (PDC 2019 CPR for SPE);
• Commencing review of rig market with a view to drilling activity in 2021/22 providing transformational catalysts for PetroNor.

Please see attachment for regional map of the licence areas.

Commenting on the transaction, CEO Knut Søvold said:

“This is a key strategic addition to PetroNor’s portfolio building in this highly attractive exploration trend. Along with the reinstated A4 licence in The Gambia and our acreage in Senegal, the equity available to potential farminess is a highly attractive material opportunity. PetroNor is continuing its work to bring in partners to fund a drilling campaign across all assets in the next few years."

This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

PetroNor E&P Limited: Invitation to webcast 30 November 2020

23 November 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

PetroNor E&P Limited: Invitation to webcast 30 November 2020

Presentation of Q3-2020 Results

PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announces that it will host a live webinar presentation of its Q3 results at 10:00 AM (Oslo) on Monday, 30 November 2020.

The webinar will be hosted by the Company’s management and moderated by Daniel Stenslet, Analyst with Arctic Securities. The purpose of the webinar is to discuss the Company’s results and operations of the third quarter, as well as to present PetroNor’s exploration portfolio and corresponding strategy.

Investors wishing to follow can access the webcast through the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20201130_2/

The playback of the event will be available on the Company’s website after the event is finished.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Mandatory Notification of Trade

29 November 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

Mandatory Notification of Trade

PetroNor E&P (“PetroNor” or “the Company”) announces that NOR Energy AS (“NOR”) has undertaken a demerger resulting in a distribution of shares in PetroNor as detailed below. There is no change to the overall interest in PetroNor E&P held by Mr Ludvigsen and Mr Søvold through NOR and their respective investment companies.

NOR Energy AS (“NOR”) is jointly owned by Gerhard Ludvigsen and Knut Søvold, both primary insiders in PetroNor E&P Limited. A demerger of NOR has been completed, whereby the following mandatory trades of shares in PetroNor have been made as part of the demerger:

45,000,000 shares in PetroNor have been transferred to Nedi Hagan AS, a company controlled by Gerhard Ludvigsen.
45,000,000 shares in PetroNor have been transferred to Gulshagen III AS, a company controlled by Knut Søvold.

After the above transactions:

NOR owns 274,237,596 shares in PetroNor, representing approximately 28.22% of all outstanding shares.

Gerhard Ludvigsen controls, through his control of Nedi Hagan AS, a total of 45,000,000 shares in PetroNor, representing approximately 4.63% of all outstanding shares and may influence, through control by immediate family of Pust for Livet AS, a total of 15,000,000 shares in PetroNor, representing 1.54% of all outstanding shares.

Knut Søvold controls, through his control of Gulshagan II AS and Gulshagen III AS, a total of 85,000,000 shares in PetroNor, representing approximately 8.75% of all outstanding shares.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Interim Financial Report Q3 2020

30 November 2020
PetroNor E&P Limited (“PetroNor” or the “Company”)

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PetroNor E&P Limited (OSE ticker: “PNOR”) today releases its unaudited Interim Financial Report for the third quarter ended 30 September 2020.

Period and Post-Period Operational and Financial Highlights
• Resilient performance from from PNGF Sud (Congo) producing at a steady rate of 22,957 bopd for first nine months of 2020
• EBITDA of USD 24.3m for nine months ending 30 September 2020
• New 30-year Gambian A4 licence awarded as part of settlement agreement for resolution of past arbitration related to A1 and A4 licences
• Operatorship and 78.57% interest of Sinapa and Esperanca licences in Guinea-Bissau acquired through purchase of SPE Guinea Bissau AB subject to Government approval
• Further suspension of arbitration with Senegal until 2 February 2021 in order to seek mutually beneficial settlement
• Acquisition of interest in Aje field in Nigeria anticipated to complete in Q4 2020 /Q1 2021
• COVID-19 pushes back commencement of infill drilling program at PNGF Sud now scheduled to commence in Q2 2021 and expected to grow gross production to 25,000 bopd through 2021

The interim financial report is available on Oslo Børs NewsWeb or on the Company website.

Commenting on the results, CEO Knut Søvold said:
“We’re pleased to be issuing solid Q3 results that reflect a resilient performance in the face of challenging market conditions. Our assets in Congo continue to form the foundation of our business, providing steady and economically robust cash flow, and we look forward to the positive impact of the infill drilling programme now scheduled for Q2 next year. Market conditions are improving and we positively note the strengthening and stabilisation of the oil price which bodes well for our positive free cash flow. During and post period end, we announced a number of material corporate updates that point towards 2021 being an active year across PetroNor’s diverse portfolio of assets.”

As previously announced the Company is holding a webcast on Monday 30 November 2020 at 10:00 AM (Oslo). Investors wishing to follow can access the webcast through the following link: (https://channel.royalcast.com/landingpage/hegnarmedia/20201130_2/)

Playback of the event will be available on the Company’s website after the event has finished.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com
Tel: + 61 401 489 883

Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000

Kilde

[TekBot]

Lapse of Unlisted Options

22 December 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

Lapse of Unlisted Options

PetroNor (OSE ticker: “PNOR”) advises that the following unlisted options have lapsed today unexercised without compensation to the holders.

700,000 options expiring 22 December 2020, exercise price NOK 1.70.

Following the lapse of the above options, the Company’s capital structure is as follows:

Shares Listed on Euronext Expand (formerly Oslo Axess)
971,665,288 ordinary shares (ISIN AU0000057408)

Unlisted Share Options
213,400 options expiring 11 January 2022, exercise price NOK 2.50
1,176,070 options expiring 31 May 2022, exercise price NOK 7.75

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
Tel: +47 22 55 46 07

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde

[TekBot]

Mandatory Notification of Trade

30 December 2020

PetroNor E&P Limited
…

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(“PetroNor” or the “Company”)

Mandatory Notification of Trade

NOR Energy AS (“NOR”) has transferred 40,681,739 shares in PetroNor E&P (“PetroNor”) as detailed below. NOR is jointly owned by Gerhard Ludvigsen and Knut Søvold, both primary insiders in PetroNor.

40,681,739 shares in PetroNor have been transferred to ENG Group Soparfi SA., a Luxemburg registered company, where the transaction is settled at today’s share price (NOK 1.22 per share).

After the above transaction NOR owns 233,555,587 shares in PetroNor, representing approximately 24.03% of all outstanding shares.

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For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000

Kilde