PetroNor E&P ASA: USD 33.1 million cash sale of PNGF Sud oil

28 Nov 2025 06:30 CET

Oslo, 28 November 2025: PetroNor E&P ASA confirms that 540,079 bbls of oil were
lifted and sold from the Djeno Terminal in November 2025, generating a cash
inflow of USD 33.1 million at a realised price of USD 61.3 per barrel.

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 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:
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660799_PNOR Lifting announcement.pdf