PetroNor E&P ASA: Q2 2026 production update

10 Jul 2026 06:30 CEST

Oslo, 10 July 2026: PetroNor E&P ASA is providing the following update on the
PNGF Sud field operations in Congo.

Second quarter average net working interest production was 5,007 bopd*,
extending the improving trend compared with 4,712 bopd in the previous quarter
and 4,289 bopd in the second quarter of 2025.

This outcome is supported by a combination of successful well workovers and
improved infrastructure stability delivering a higher production efficiency of
93 per cent, compared with 86 per cent in the first quarter, and 90 per cent in
the second quarter of 2025.

The full account of production performance (including final allocations for May
and June) will be presented in the interim report for the second quarter of 2026
on 28 August.

*Effective 16.83 per cent net to PetroNor working interest production with
preliminary only production allocations for May and June.

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 assets offshore West Africa, specifically the PNGF Sud licenses in Congo
Brazzaville and OML-113 in Nigeria. Under the terms of the PNGF Sud licences, a
proportion of oil produced is used to pay royalties and tax to the Government.
The remaining oil produced is considered “entitlement oil” that can be lifted by
the company and sold in the market.

More information:
Access the news on Oslo Bors NewsWeb site

677952_PNOR Production update for Q2-26.pdf