PetroNor E&P Limited (PNOR)

TekBot · april 11, 2022, 2:31pm

PetroNor E&P ASA: Production Update for Q1 2022

Oslo, 11 April 2022: PetroNor E&P ASA (“PetroNor” or the “Company”) today provides an update on its first quarter production and lifting pre-payments.

PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in Congo, which is the Company’s core production licence. Total field production from this asset amounted to 21,476 bopd (preliminary production allocation) in the first quarter of 2022, corresponding to a net production to PetroNor of 3,614 bopd.
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PetroNor signed a pre-payment sales agreement with ADNOC Trading during the quarter and has invoiced against entitlement production (net after royalty and tax) comprising the December end balance, January, and February volumes for a total of 164,071 bbl.

The infill drilling program on PNGF Sud commenced in November 2021 with the spudding of the first of four wells on Litanzi in a total drilling program of 17 infill and development wells. Drilling operations are slightly delayed relative to plan, with one future injector well having been put on a 2-3 month clean-up production schedule. This well will be used for water injection following this clean-up. Current operations involve running the completion on a second well which is planned to be placed on production within one week.

PetroNor has commissioned an updated Competent Persons Report (CPR) from AGR Petroleum Services. The upgrade from resources to reserves as a consequence of advancing the Tchibeli NE development has increased net PetroNor reserves as per 31.12.21 by 0.3 mmbo to 20.6 mmbo relative to net volumes 31.12.20. This constitutes a reserves replacement ratio of 126 per cent following a net production during 2021 of 1.27 mmbo.

The full account of production, reserves, and resources will be presented in the 2021 annual report.

For additional information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · april 29, 2022, 8:31pm

Annual Report - 31 December 2021

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

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Annual Report - 31 December 2021

PetroNor (OSE ticker: “PNOR”), today releases its Annual Report and financial statements for the period ended 31 December 2021.

Following the completion of a scheme of arrangement on 24 February 2022, PetroNor E&P ASA replaced PetroNor E&P Ltd as the parent company of the Group. This arrangement will be treated as a continuation of the original Group for accounting purposes. PetroNor E&P ASA have chosen to voluntarily include in their Annual Report the consolidated financial statements of PetroNor E&P Limited, for the year ended 31 December 2021, for completeness of information.

The Annual Report is attached to this press release, and also available on the Company’s website at:
Results, reports & presentations | Petronor E&P

This announcement is made pursuant to section 5-12 of the Securities Trading Act.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com www.petronorep.com

About PetroNor E&P
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · mai 2, 2022, 3:30pm

PetroNor E&P ASA: Update on Aje Transactions

Oslo, 2 May 2022: With reference to the stock exchange announcement made 27 January 2022 regarding the government consent provided to PetroNor E&P’s acquisition of Panoro Energy’s ownership interest in Oil Mining Lease no. 113 (“OML 113”) offshore Nigeria, containing the Aje oil and gas field, and for the transfer of OML 113 to Aje Production AS (“Aje Production”).

The final steps to complete the transactions are progressing well, but the parties need additional time to finalise the documentation. As a consequence, PetroNor and Panoro have agreed to extend the long-stop date to complete the transaction to 30 June 2022.
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All other terms and conditions of the transaction remain unchanged.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

Zuba · mai 4, 2022, 9:26am

@Rodjer er du fortsatt inne her Rodjer?

Rodjer · mai 4, 2022, 9:44am

Hei, nei jeg tok et lite tap der og gikk videre.
Ble litt for usikkert hvordan denne økokrim saken ville slå ut så tenkte at jeg avventer.

Dopey · mai 4, 2022, 10:19am

Økokrim saken kommer nok kun til å sette kursen på hold en stund. Når man ser på utfallet i andre saker, der korrupsjon er på dagsagendaen og selskapet virkelig har gjort mye snusk, så ender det med person straff og eller bøter. Frykten hos folk ligger i den tro at Kongo B kan forsvinne for selskapet, noe som er meget usannsynlig. Husk at de alle kan være uskyldige eller at siktelsene kan bli frafalt også.

Rodjer · mai 4, 2022, 10:20am

Absolutt og ikke uenig

Hoven · mai 4, 2022, 3:30pm

Automatisk teknisk analyse. Middels lang sikt, 4. mai 2022

PetroNor E&P ligger i en fallende trendkanal på mellomlang sikt. Det viser at investorer over tid har solgt til stadig lavere kurser for å komme seg ut av aksjen, og indikerer en negativ utvikling for bedriften. Aksjen ga salgssignal fra en hode-og-skuldre-formasjon ved bruddet ned gjennom støtten ved 0.82 kroner. Videre nedgang til 0.63 kroner eller lavere er signalisert. Aksjen tester motstanden ved cirka 0.80 kroner. Dette kan gi en reaksjon ned, mens et brudd opp gjennom 0.80 kroner vil utløse et kjøpssignal. Negativ volumbalanse indikerer at volumet er høyt på nedgangsdager og lavt på oppgangsdager, noe som svekker aksjen. Aksjen anses samlet sett teknisk negativ på mellomlang sikt.

Anbefaling en til seks måneders sikt: Selg (Score: -95)

Custus · mai 20, 2022, 7:47am

No news, men opp 15-20% på +/- en uke…?

TekBot · mai 20, 2022, 11:02am

PetroNor E&P ASA: Nomination committee recommendation to the annual general meeting

Oslo, 20 May 2022: Reference is made to the stock exchange announcement of 6 May 2022 regarding the notice to the annual general meeting of PetroNor E&P ASA (OSE ticker: PNOR, “PetroNor”). The annual general meeting of PetroNor will take place on 27 May 2022.

It follows from the notice that the nomination committee shall submit its proposal for new members to the board of directors no later than one week ahead of the general meeting.
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The nomination committee is still working on the list of candidates for new directors and will not be in a position to put forward its proposal for new candidates for the upcoming general meeting. As a consequence, item 10 on the agenda (“Board Election”) will be dealt with in a future meeting.

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

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · mai 20, 2022, 12:02pm

PetroNor E&P ASA: Invitation to Q1 2022 presentation, Friday 27 May 2022

Oslo, 20 May 2022: PetroNor E&P ASA (OSE ticker: “PNOR”) will announce its results for the first quarter of 2022 on Friday, 27 May 2022.

The interim report for the first quarter and the presentation material will be published on www.newsweb.no and on the Company’s web site www.petronorep.com at around 06:30 CEST.
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At 08:00 CEST on the same day, interim CEO, Jens Pace, will present the results in a webcast.

The presentation and subsequent Q&A session will be held in English and may be viewed live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220527_2/

A recording of the event will be made available on the Company’s website after the webcast.

For additional information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · mai 23, 2022, 7:01am

PetroNor E&P ASA: Update on Aje Transactions

Oslo, 23 May 2022: With reference to the stock exchange announcement made 27 January 2022, and the update provided 2 May 2022, regarding the government consent provided to PetroNor E&P ASA’s (OSE ticker: PNOR, “PetroNor”) acquisition of Panoro’s ownership interest in Offshore Mining Lease no. 113 (“OML 113”) offshore Nigeria, containing the Aje oil and gas field, and for the transfer of OML 113 to Aje Production AS (“Aje Production”).

PetroNor is pleased to announce that, as an interim step towards completion of the transaction, PetroNor and the OML 113 Operator, Yinka Folawiyo Petroleum (“YFP”) have executed amendments to agreements for the formation of the jointly owned Aje Production, originally signed on 5 December 2019.
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The amendments provide for YFP’s contribution to Aje Production being limited to the shareholding in the YFP DW company. As a consequence PetroNor’s ownership will be increased to 52% and Aje Production will hold a 15.5% participating interest and an economic interest in the order of 38.755 % in OML 113 during the majority of the project period. YFP has undertaken to align its voting rights with Aje Production’s objectives in the development of the Aje field.

PetroNor and Panoro continue to finalise documentation to complete other elements of the transaction which is expected to take place before 30 June 2022 as previously announced.

All other terms and conditions of the transaction remain unchanged.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML 113 in Nigeria (subject to completion).

Kilde

TekBot · mai 27, 2022, 4:31am

PetroNor E&P ASA: Q1 2022 - Rising production outlook in a positive price cycle

Oslo, 27 May 2022: In the first quarter of 2022, PetroNor E&P ASA (OSE ticker: “PNOR”) reported an EBITDA result of USD 22.8 million, compared with USD 13.7 million in the same period of 2021. Average production in the quarter came in at 3,530 bopd and is expected to ramp up to 5,000 bopd during the year, based on the promising early results from the infill drilling programme on PNGF Sud license in Congo. With prevailing oil prices, new producing wells in the drilling campaign will payback within one year.

Oil and gas revenue (net of royalties and taxes) amounted to USD 22.3 million arising from sale of 0.234 million barrels of crude oil at an average price of USD 95.3 per barrel. In the prior year, 0.219 million barrels of crude oil was sold during the same period at an average price of USD 58.7, resulting in a revenue of USD 12.8 million.
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The Group reported an EBITDA of USD 22.8 million for the quarter, compared with USD 13.7 million in the same period in 2021. This resulted in an EBITDA margin of 63 per cent, up from 60 per cent in Q1 2021, primarily driven by stronger market prices.

PetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud in Congo, which is the Company’s core production licence. Total field production from this asset amounted to 20,976 bopd in Q1 2022, corresponding to a net production to PetroNor E&P of ~3,530 bpod.

During the quarter, government consent was granted for the Aje transactions. PetroNor and Panoro continue to finalise documentation to complete other elements of the transaction which is expected to take place before 30 June 2022.
“We are pleased to report continued good progress in the quarter with rising production outlook in a positive price cycle. The underlying quality of our assets is demonstrated by the recent CPR report which confirms a 126 per cent reserves replacement ratio of 2021 production,” says interim CEO Jens Pace.

“The ongoing 17 well drilling programme in Congo is progressing well, and two wells have been brought onstream. The infill drilling supports long term production growth and reserves replacement, and based on the current price environment, investments made into this programme have an attractive payback time of one year,” concludes Jens Pace.

Please find enclosed the financial report and presentation material for the first quarter of 2022.

Chair Eyas Alhomouz and Interim CEO Jens Pace will present the results in a webcast Friday 27 May at 08:00 CEST.

The presentation and subsequent Q&A session will be held in English and may be viewed live at: https://channel.royalcast.com/landingpage/hegnarmedia/20220527_2/

A recording of the event will be made available on the Company’s website after the webcast.

For additional information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML 113 in Nigeria (subject to completion).

Kilde

TekBot · mai 27, 2022, 10:00am

PetroNor E&P ASA: Minutes from the Annual General Meeting held on 27 May 2022

Oslo, 27 May 2022: PetroNor E&P ASA (OSE ticker: PNOR, the “Company”), announces the results of its Annual General Meeting (“AGM”) held today, 27 May 2022. All resolutions proposed to the AGM were adopted.

The minutes of the AGM are attached to this announcement and can also be found on the Company’s website www.petronorep.com.
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML 113 in Nigeria (subject to completion).

Kilde

TekBot · mai 31, 2022, 4:01pm

PetroNor E&P ASA: Lapse of Unlisted Options

Oslo, 31 May 2022: PetroNor E&P ASA (OSE ticker: PNOR, the “Company”) advises that the following unlisted options have lapsed today unexercised without compensation to the holders. The lapsed unlisted options are as follows:

1,176,070 options expiring 31 May 2022, exercise price NOK 7.75
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Following the lapse of the above options, the Company’s capital structure is as follows:

Shares Listed on Oslo Børs
1,326,991,006 ordinary shares (ISIN NO0011157232)

Unlisted Share Options
There are no further unlisted share options in the Company

For further information, please contact:

Investor Relations
Email: ir@petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · juni 30, 2022, 3:30pm

PetroNor E&P ASA: Aje Transactions Completion Update

Oslo, 30 June 2022: Reference is made to previous stock exchange releases by PetroNor E&P ASA (“PetroNor") regarding the acquisition of Panoro Energy ASA’s (“Panoro”) interest in Offshore Mining Lease no. 113 (“OML 113”) offshore Nigeria, containing the Aje oil and gas field, and the transfer of OML 113 to Aje Production AS.

PetroNor and Panoro have been working diligently to complete the transaction and have made good progress. Most CP’s have been satisfied or waived and the companies are initiating the final steps towards completion.
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PetroNor expects conclusion of the outstanding matters and the subsequent closing with Panoro to commence within 14 days. As a consequence, Panoro and PetroNor have agreed to extend the long stop date under the SPA from 30 June 2022 to 15 July 2022.

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

For further information, please contact:
Investor Relations
Email: ir@petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · juli 11, 2022, 4:31am

PetroNor E&P ASA: Production Update for Q2 2022

Oslo, 11 July 2022: PetroNor E&P ASA (“PetroNor” or the “Company”) today provides an update on its second quarter production.

PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in Congo, which is the Company’s core production licence. Total gross field production from this asset amounted to 22,842 bopd (preliminary production allocation) in the second quarter of 2022, corresponding to a net production to PetroNor of 3,844 bopd.
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The infill drilling program on PNGF Sud is currently drilling the final section planned to total depth on the fourth and final Litanzi well in a total drilling program of 17 infill and development wells. This producer well and the previously drilled injector well 3 are planned to be on production mid to late August. Drilling operations are delayed relative to plan by several weeks due to the changeout of the rig’s top-drive system and the addition of a couple of side-tracks. Currently, one Litanzi well is on production and one on injection with incremental production above expectation at a rate of ~2,200 bopd. Following Litanzi, the rig will move to Tchibeli NE to drill two development producers.

The full account of production (including final allocation) will be presented in the second quarter report.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).

Kilde

TekBot · juli 12, 2022, 9:04pm

Financial calendar

TekBot · juli 13, 2022, 5:01am

PetroNor E&P ASA: Completion of Purchase of Aje interests from Panoro Energy ASA

Oslo, 13 July 2022: Reference is made to previous stock exchange releases by PetroNor E&P ASA (“PetroNor”) regarding the acquisition of Panoro Energy ASA’s (“Panoro”) interest in Offshore Mining Lease no. 113 (“OML 113”) offshore Nigeria.

It is with great pleasure PetroNor confirms that it has completed on the purchase of the Panoro fully owned subsidiaries Pan-Petroleum Nigeria Holding BV and Pan- Petroleum Services Holdings BV that together hold 100% of the shares in Pan-Petroleum Aje Ltd (“Pan Aje”). Pan Aje participates in the exploration for and production of hydrocarbons in Nigeria and holds a 6.502% participating interest, with a 16.255% cost bearing interest, representing an economic interest of 12.1913% in OML 113, containing the Aje oil and gas field.
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The upfront consideration to Panoro for the transaction is USD 10 million to be paid within fifteen business days via the allotment and issue of 96,577,537 new PetroNor shares (the “Consideration Shares”). The volume of PetroNor shares to be issued to Panoro has been determined with reference to the contractually determined 30-day volume weighted average price (“VWAP”) of PetroNor’s shares currently listed on the Oslo Børs.

Following the issue of the Consideration Shares, the diluted shareholding of the existing PetroNor shareholders will be 93.2%.

The acquisition of Panoro’s interests in OML 113 clears the path for establishment of Aje Production AS as a jointly owned venture with Yinka Folawiyo Petroleum (“YFP”), the operator of OML 113.

“We are pleased to confirm that this long-awaited transaction with Panoro has now been completed. The acquisition of the ownership interest in the Aje field is strategically attractive and supports our stated growth strategy of acquiring assets that add production, material reserves and resources to the company. With the establishment of Aje Production, YFP and PetroNor will form a dynamic and effective licence partnership to lead the redevelopment of the Aje field,” says interim CEO Jens Pace.

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

For further information, please contact:
Investor Relations
Email: ir@petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria.

Kilde

TekBot · juli 27, 2022, 6:01am

PetroNor E&P ASA: Issue of Shares

Oslo, 27 July 2022: Reference is made to the announcement released by PetroNor E&P ASA (OSE ticker: PNOR, “PetroNor”) on 13 July 2022 regarding the acquisition of Panoro Energy ASA’s (“Panoro”) indirect interest in Oil Mining Lease no. 113 (“OML-113”) offshore Nigeria.

The Company has issued 96,577,537 ordinary shares (the “Consideration Shares”) representing the upfront consideration to Panoro. The Consideration Shares have been registered with the Norwegian Register of Business Enterprises (Brønnøysundregistrene).
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Following the registration of the Consideration Shares, PetroNor’s share capital is NOK 1,423,568.54 divided in 1,423,568,543 shares, each with a nominal value of NOK 0.001. There are no unlisted share options in PetroNor.

The Consideration Shares are expected to be available and freely tradeable on the Oslo Børs from 28 July 2022.

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

For further information, please contact:
Investor Relations
Email: ir@petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria.

Kilde