PetroNor E&P Limited (PNOR)

TekBot · juli 27, 2022, 10:17am

Panoro Energy – Disclosure of Major Shareholding

Oslo, 27 July 2022 – Panoro Energy ASA (“Panoro” or the “Company”) with OSE Ticker: (“PEN”) makes reference to its recent announcement regarding completion of the sale of its fully owned subsidiaries Pan-Petroleum Services Holding BV and Pan-Petroleum Nigeria Holding BV (together referred to as “Divested Subsidiaries” and which together hold 100% of the shares in Pan-Petroleum Aje Limited) to PetroNor E&P ASA (“PetroNor” – OSE Ticker: “PNOR”) for an upfront consideration of USD 10 million to be settled in the form of PetroNor shares (“Consideration Shares”) and today’s stock exchange announcement by Panoro Energy ASA that such shares have been issued.

The Company is pleased to confirm receipt of the Consideration Shares. Following such receipt of shares, Panoro Energy ASA today, 27 July 2022, owns 96,577,537 shares in PetroNor E&P ASA, which represents 6.78% of all issued and outstanding shares and votes in PetroNor. Consequently, the threshold of 5% holding of shares and votes has been exceeded.
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This announcement is made pursuant to the Continuing Obligations of Euronext Oslo Børs.

Enquiries
Qazi Qadeer, Chief Financial Officer
Tel: +44 203 405 1060
Email: investors@panoroenergy.com

About Panoro Energy
Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia and participation interest in an exploration Block 2B, offshore South Africa.

Visit us at www.panoroenergy.com
Follow us on Linkedin

Kilde

TekBot · august 25, 2022, 2:06pm

Flagging Announcement: Major Shareholding in PetroNor E&P ASA

TekBot · august 26, 2022, 10:30am

PetroNor E&P ASA: Invitation to Q2 2022 webcast, Tuesday 30 August

Oslo, 26 August 2022: PetroNor E&P ASA (OSE ticker: “PNOR”) will announce its results for the second quarter and first half-year of 2022 on Tuesday, 30 August 2022.

The interim report 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 09:00 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/20220830_4/

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.

Kilde

TekBot · august 30, 2022, 4:31am

PetroNor E&P ASA: Interim financial report for the half-year and quarter ended 30 June 2022

Oslo, 30 August 2022: In the second quarter of 2022, the final allocated net production to PetroNor E&P ASA (OSE ticker: “PNOR”) was 3,737 bopd, seeing the benefits of the infill drilling programme on the PNGF Sud license in Congo. Production is expected to further ramp up to 5,000 bopd in 2022 as the agreed 17-well programme matures. A new lifting arrangement has been agreed, scheduled lifting in October for entitlement production inventory.

At the half year, a high volume of crude oil stock of 439,992 bbls (H1 2021: 27,170 bbls) has built up due to no liftings in the period. The crude oil inventory of USD 10.0 million is valued at cost of USD 22.84/bbl, while the market value of the oil inventory at 30 June would be approximately USD 41.8 million using a brent price/bbl of USD 95.
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The Company has agreed a new lifting arrangement with an established operator at the Djeno terminal in Congo. A lifting is scheduled in early October for entitlement production inventory. It is anticipated that this arrangement and continuing strong oil prices will generate revenue such that the Company expects to realise a profit on a full year basis. As no liftings occurred in the first half of the year, no revenue from sales of petroleum products has been recognised and revenue previously recognised in Q1 accounts has been reversed1.

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 22,206 bopd in Q2 2022, corresponding to a net production to PetroNor E&P of ~3,737 bopd. The first infill producer (well #2) came onstream in April 2022, which added an average of >2,400 bopd since it started producing.

“The ongoing 17 well drilling programme in Congo is progressing well. The fourth and final Litanzi well (producer) and the previously drilled injector (well #3) came on production during August 2022 with initial rates above expectations. At the time of printing, the rig is on its way to Tchibeli NE for drilling of two development production wells,” says interim CEO Jens Pace.

In July, the Company announced it had completed on the purchase of the Panoro Energy ASA fully owned subsidiaries Pan-Petroleum Nigeria Holding BV and Pan-Petroleum Services Holdings BV, which together hold 100 per cent of the shares in Pan-Petroleum Aje Ltd.

“The completion of the Panoro transaction means that PetroNor now has a seat at the table in the OML 113 licence and can engage with the JV partners to progress plans for a re-development of the Aje Field,” concludes Jens Pace.

Please find enclosed the interim financial report and presentation material for the half-year and quarter ended 30 June 2022.

Interim CEO Jens Pace will present the results in a webcast Tuesday, 30 August at 09:00 CEST.

The presentation and subsequent Q&A session will be held in English and may be viewed live at: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20220830_4

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

1The enclosed financial statements reflect the retrospective changes in revenue recognition in the Q1 results as reported. For further details please see the extended disclosure in the notes to the condensed financial statements.

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.

Kilde

TekBot · september 14, 2022, 3:31pm

PetroNor E&P ASA: Targeted net production of 5,000 bopd reached ahead of schedule

Oslo, 14 September 2022: At the Pareto Securities Energy Conference today, PetroNor E&P ASA (“PetroNor” or the “Company”) provides an update that the company has reached its targeted net production of more than 5,000 bopd during the third quarter.

This compares with 3,737 bopd in the quarter ended 30 June 2022. The 5,000 bopd net production target was reached ahead of schedule seeing the benefits of the infill drilling programme on the PNGF Sud license in Congo. Lifting is scheduled in October for entitlement production inventory.
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As communicated at the Q2 presentation last month, four new wells on Litanzi have been brought onstream with production above expectations. The rig has now been moved from Litanzi to Tchibeli NE for drilling of two development production wells.

Please find enclosed the presentation material held at today’s conference.

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.

Kilde

TekBot · september 22, 2022, 8:09am

Financial calendar

Dopey · oktober 2, 2022, 9:02pm

Dopey · oktober 8, 2022, 9:47pm

Pareto mener nå at det vil være meget gode tider innen olje

TekBot · oktober 11, 2022, 4:00am

PetroNor E&P ASA: Operational Update for Q3 2022

Oslo, 11 October 2022: In the third quarter of 2022, the average net production to PetroNor E&P ASA (OSE ticker: “PNOR”) was increased to 4,130 bopd*, resulting from the benefits of the infill drilling programme on the PNGF Sud license in Congo which raised daily net production to over 5,000 bopd during September.

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 24,539 bopd in the third quarter of 2022, corresponding to an average net production to PetroNor of 4,130 bopd*.
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At the end of the third quarter, a high volume of crude oil stock of 712,422 bbls (Q3 2021: 108,917 bbls) has built up due to no liftings thus far this year. The crude oil inventory of USD 21.9 million is valued at cost of USD 30.68/bbl, while the market value of the oil inventory at 30 September would be approximately USD 65.5 million using a brent price/bbl of USD 92.00. PetroNor has agreed to transfer 334,061 bbl of oil stock entitlement to the PNGF Sud operator in settlement of outstanding billings and a lifting is scheduled for late October for the remaining available oil stock.

As no liftings were made in the third quarter, no revenue from sales of petroleum products has been recognised for this period.

As communicated in the half-year report, the last two of the four planned Litanzi wells were brought onstream during August. Litanzi daily production averaged more than 10,000 bopd during September producing significantly better than expectations. The rig is currently drilling the two Tchibeli NE development production wells targeting a Cenomanian discovery. One of these wells contain an additional exploration target in an identified deeper pre-salt structure with the potential of adding further reserves if successful. Both wells are scheduled to come onstream in the fourth quarter.

“We are pleased to report the significant additional Litanzi production in the third quarter and that drilling is well underway on Tchibeli NE with the potential of adding further production in the fourth quarter. We are working with Djeno terminal operators towards the objective that all available entitlement production for the year is lifted during the fourth quarter,” says interim CEO Jens Pace.

The full account of production (including final allocation) will be presented in the interim report for the second half of the year.

*Final production allocation for the months of July and August, preliminary production allocation for September.

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 · oktober 19, 2022, 4:31am

PetroNor E&P ASA: One month Extension of Longstop Date in the Gambia

Oslo, 19 October 2022: PetroNor E&P ASA (“PetroNor” or “the Company”), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, is pleased to provide the following update regarding its A4 License option in The Gambia.

On 19 October 2021, PetroNor announced that it had received, from the Government of The Gambia, a one-year extension to the Longstop date of the Licence option until 19 October 2022 to enable the Company to progress its ongoing discussions with potential partners.
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Following positive discussions with the Government, PetroNor today announces that it has received an additional thirty (30) day extension to the Longstop date of the A4 Licence option in order to provide time for finalisation of plans regarding the future of the A4 Licence. The Company looks forward to providing an update within this time frame.

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 · november 4, 2022, 5:31am

PetroNor E&P ASA: Lifting of PNGF Sud oil generating a cash inflow of USD 43.1 million

Oslo, 4 November 2022: PetroNor E&P ASA (“PetroNor” or the “Company”) is pleased to confirm that 466,116 bbl were lifted from the Djeno Terminal as planned during the last week of October at a realised price of USD 92.41/bbl.

The realised selling price is based on the average spot price for a period which included several days after the lifting, and was confirmed to the Company today. Adjusted for a crude price discount to Brent and lifting costs, this generates a cash inflow of approximately USD 43.1 million to the Company.
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Separately, the Company announced on 11 October 2022 the transfer of 334,061 bbl of oil stock entitlement to the PNGF Sud operator in settlement of outstanding billings. The indicative price used to determine the quantity of barrels for this arrangement was USD 95.00/bbl. Although the number of barrels is fixed, the price per barrel will be adjusted to the actual spot price when this oil entitlement is physically lifted by the PNGF Sud operator, scheduled for later this month.

Together, these two arrangements will realise the benefit of selling 800,177 bbl for the year to date period, at an expected average selling price of USD 93.49/bbl. Last year, a total of 831,089 bbl were lifted at an average selling price of USD 69.31/bbl. The Company will update the market once the price for the settlement-in-kind barrels is confirmed.

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

liaszo · november 9, 2022, 6:46pm

Jeg blir forklart av erfarne folk at oljeselskaper har gode tider også mot neste år. Er PNOR en av selskapene som vil være med på en videre opptur i denne sammenhengen? Er PNOR et godt kjøp?

Hvorfor/Hvorfor ikke? Det må være noen her inne som kan si noe om selskapets nåværende aksjepris i dette tidsrommet.

TekBot · november 18, 2022, 7:31am

PetroNor E&P ASA: Petroleum, Exploration, Development and Production Licence Agreement signed in The Gambia

Oslo, 18 November 2022: PetroNor E&P ASA (“PetroNor or the Company”) is pleased to provide the following update regarding its A4 licence option in The Gambia.

On 19 October 2022, PetroNor announced that it had received, from the Government of The Gambia, a 30-day extension to the longstop date of the licence option. Following positive discussions with the Government, PetroNor today announces that it has decided to exercise its right to continue with the Petroleum, Exploration, Development and Production Licence Agreement (“PEPLA”) for the A4 licence in The Gambia.
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PetroNor and Gambia National Petroleum Corporation (“GNPC”) have also signed a Joint Operating Agreement (“JOA”) for the A4 Licence offshore Gambia. GNPC, as Government licensee, has been assigned a 10 per cent participating interest in the license. The JOA defines the operational boundaries of the PetroNor – GNPC relationship.

The terms of the PEPLA have been amended to allow the Company to phase commitments via an extended Initial Exploration Period of three years which is split into two phases of 18 months each. This allows time for additional de-risking technical work prior to commitment to exploration drilling in the second phase. Signature of the PEPLA commits the Company to a signature bonus of USD 1 million and a minimum work program of USD 1.5 million in the first 18-month phase. PetroNor will have the option to continue the licence after the first phase and commit to drilling a well in the following 18-month phase.

“The PetroNor exploration team have been consistent and passionate advocates for the potential of this part of the Atlantic margin. It is the Company’s strategy to form a strong partnership with others to explore the identified prospects. Encouraging interest received from third parties has supported our discussions with the government of The Gambia to phase commitments and help make the licence more attractive as a farm-in opportunity. It is our shared objective that these efforts will lead to a future drilling program,” says interim CEO, Jens Pace.

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 licences in Congo Brazzaville, the A4 licence in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria.

Kilde

TekBot · desember 5, 2022, 5:30am

PetroNor E&P ASA: Next lifting confirmed and drilling success results in increased production capacity

Oslo, 5 December 2022: PetroNor E&P ASA (“PetroNor or the Company”), is pleased to announce that the second lifting this year of 334,061 bbls of PetroNor’s entitlement was lifted and realised a price based on an average for Djeno crude during November of $89/bbl. The lifting was completed by the PNGF Sud operator on 12 November in settlement of outstanding billings. The next lifting has been agreed with the Djeno Terminal operator and is currently being scheduled in early 2023.

As previously communicated, the last two of the four planned Litanzi wells were brought onstream during August. Litanzi daily production averaged more than 7,870 bopd during October and November producing significantly better than expectations.
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The rig has now completed drilling the two Tchibeli NE development production wells which were brought online last week. One well includes an additional exploration target in an identified deeper pre-salt structure which has encountered an oil column of 75 metres in the Vandji sandstones. The Vandji exploration target is currently flowing 37 API oil at 1,300 bopd. Results from the well will be evaluated to understand the future potential of this discovery. The second well is currently flowing 38 API oil at circa 2,500 bopd from the Cenomanian, expected to increase in the coming week

“We are pleased to see that the infill drilling programme is progressing well and is yielding even better results than expected and a new discovery. With the added capacity from these new wells, the total daily gross field production during December will be close to 30,000 bopd, corresponding to a net to PetroNor production of 5,000 bopd,” says interim CEO Jens Pace.

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 26,670 bopd during October and November of 2022, corresponding to a net working interest production to PetroNor of 4,490 bopd (preliminary production allocation).

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

Siggybd · desember 22, 2022, 4:07pm

En ting jeg sliter med å forstå er hvorfor pnor betaler så ekstremt høye skatter i år? Det ødelegger jo bunnlinja og gir dem minus resultat i et år de burde sitte igjen med mye

TekBot · januar 4, 2023, 7:01am

PetroNor E&P ASA: Proposal for amendment of and appointment to the Board and Notice of Extraordinary General Meeting

Oslo, 4 January 2023: PetroNor E&P ASA (“PetroNor” or the “Company”), announces an Extraordinary General Meeting to take place on 26 January 2023 at 10:00 AM (CET).

Proposed appointment of two new Directors to the Board
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Pursuant to recommendation from the nomination committee, the Board is proposing to expand the Board of PetroNor with two new Directors, Mrs. Azza Fawzi and Mr. Jarle Norman-Hansen, taking the Company’s Board to a total of six Directors.

Mrs. Fawzi is a former Shell finance executive where she worked in various capacities in Qatar, Nigeria, Brazil, US Gulf of Mexico and Mexico. She is an international oil and gas finance executive with global board, audit and executive leadership experience.

Mr. Norman-Hansen has more than 30 years of experience from the Nordic property and capital markets overseeing acquisitions and asset management of multibillion investments as well as acting as advisor to many of Scandinavia’s largest real estate capital markets transactions. Mr. Norman-Hansen is a current shareholder of PetroNor through his company Ambolt.

The proposed new candidates are considered to be independent of the Company’s executive management, material business contacts and main shareholders (being shareholders holding more than 10% of the shares in the Company).

Proposal for a Reverse Share Split

The Board is furthermore proposing a reverse share split in the ratio 2:1 in order to meet the Oslo Børs’ requirements of a minimum share value of NOK 1 per share. The Company will issue a separate stock exchange announcement at a later date with the key dates for the share consolidation once such dates are established.

The formal notice of the Extraordinary General Meeting is attached to this announcement and can be found on the Company’s website at www.petronorep.com.

Shareholders participating must go to the following website: https://web.lumiagm.com and enter the Meeting ID: 113-380-813. Detailed instructions on how to access the online meeting are included in the notice of meeting.

Shareholders must pre-register their attendance prior to the Extraordinary General Meeting. To register their attendance, shareholders receiving the notice of meeting in the post shall follow the link: VPS GeneralMeeting, while shareholders receiving the notice of meeting electronically can also register their attendance through investor services.

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
PetroNor E&P is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P 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 · januar 11, 2023, 5:00am

PetroNor E&P ASA: Q4 2022 PNGF Sud production increase to a decade high

Oslo, 11 January 2023: Average working interest production for PetroNor E&P ASA (OSE ticker: “PNOR”) increased to 4,700* bopd in the fourth quarter of 2022, compared with 4,100 bopd in the previous quarter and 3,700 bopd in the corresponding period of 2021. PetroNor’s December production was 5,100* bopd. The improvement is driven by added capacity from the ongoing infill drilling programme on the PNGF Sud field complex which is achieving production levels not seen for over a decade.

Following initial success on the Litanzi Field, particular emphasis in the last quarter was on Tchibeli NE, where production was added from two wells in both the main Cenomanian reservoir and the newly discovered pre-salt Vanji reservoir late November, yielding production contribution to the quarter.
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Looking forward, the infill drilling program will be paused to allow the jack-up rig, Petrofor Dagda, to be converted to a permanent production platform. Infill drilling will resume on the Tchibeli field using the jack-up rig Axima, scheduled to start in April 2023.

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 23,930* bopd in 2022, corresponding to an average working interest production to PetroNor of 4,030* bopd.

At year-end, the Company had a crude oil stock of more than 240,000 bbls (Q4 2021: 24,235 bbls).

As previously communicated, a total of 800,177 bbls were lifted during the fourth quarter, of which 466,116 bbls were lifted in October at a realised price of USD 92.41/bbl and 334,061 bbls during November at a realised price of USD 89/bbl. The latter was completed by the PNGF Sud operator on 12 November in settlement of outstanding billings.

The next lifting has been agreed with the Djeno Terminal operator and is currently being scheduled at the end of January 2023 for approximately 317,000 bbls. The final lifting volume and realised selling price will be notified to the market immediately after it has been communicated to the Company, normally a few days after lifting has been completed.

“We are pleased to finish 2022 with a strong operational performance and an exit production rate which bodes well for the start of 2023. The infill drilling programme continues to progress above expectations, including the recent addition of Tchibeli NE and its pre-salt discovery,” says interim CEO Jens Pace.

The full account of production (including final allocation) will be presented in the interim report for the second half of the year.

*Final production allocation for the months of October and November, preliminary production allocation for December.

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 · januar 20, 2023, 5:02am

PetroNor E&P ASA: Amendment to the agenda for the Extraordinary General Meeting

Oslo, 20 January 2023: PetroNor E&P ASA (“PetroNor” or the “Company”), refers to the announcement of 4 January 2023 for the Extraordinary General Meeting to be held on 26 January 2023 at 10:00 AM (CET).

The Board has reconsidered the proposed reversed share split and has decided that this shall be dealt in conjunction with the planned AGM on 25 May 2023. The Board has therefore decided to withdraw item 7 from the proposed agenda of the Extraordinary General Meeting. The remaining items on the agenda will be dealt with pursuant to the notice of meeting.
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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
PetroNor E&P is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P 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 · januar 26, 2023, 11:30am

PetroNor E&P ASA: Resolutions approved at Extraordinary General Meeting held on 26 January 2023

Oslo, 26 January 2023: PetroNor E&P ASA (OSE ticker: PNOR, the “Company”), announces the results of its Extraordinary General Meeting (“AGM”) held today, 26 January 2023. All resolutions proposed to the EGM were adopted.

The minutes of the EGM are attached to this announcement and can also be found on the
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Company’s website www.petronorep.com.

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 is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P 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.

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TekBot · februar 8, 2023, 6:02am

PetroNor E&P ASA: First sale of PNGF Sud oil for 2023

Oslo, 8 February 2023: PetroNor E&P ASA (“PetroNor” or the “Company”) is pleased to confirm that 317,904 bbl were lifted from the Djeno Terminal at the start of this week. (An amount equivalent to 40% of the total bbl lifted during 2022.)

The Company will update the market once the realised selling price is confirmed, which will be based on the average spot price for a five-day period after the lifting and adjusted for a crude price discount to Brent and lifting costs.
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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.

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