PetroNor E&P ASA: Update on The Gambia A4 license

02 Dec 2025 17:00 CET

Oslo, 2 December 2025: PetroNor E&P ASA (“PetroNor” or the “Company”) advises
that it is withdrawing from the exploration licence for Block A4 in The Gambia.

As outlined in the Q3 2025 results released on 20 November 2025, the initial
exploration phase of the licence for Block A4 expired during mid-November 2025
and the Company had been in discussion with the Government of The Gambia
regarding future options. Following the conclusion of these discussions the
Company can now confirm that it is relinquishing its rights to the licence.

The Company would like to thank the Ministry of Petroleum and Energy, the
Petroleum Commission, and its partner, GNPC, for their support and close
collaboration over the past years of the licence term.

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.

More information:
Access the news on Oslo Bors NewsWeb site

661091_PNOR Gambia update.pdf