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

08 Feb 2023 07:00 CET

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.

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.

More information:
Access the news on Oslo Bors NewsWeb site

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