PetroNor E&P ASA: Increase to Nigeria OML 113 interest completed

18 Feb 2026 17:01 CET

Oslo, 18 February 2026: PetroNor E&P ASA ("PetroNor" or the "Company") refers to
previous market updates on the agreement with New Age (African Global Energy)
Limited (“New Age”) to acquire New Age’s interests in OML 113 in Nigeria which
contains the Aje Field.

PetroNor is pleased to announce the completion of the New Age transaction with
the corporate acquisition of the New Age Nigerian subsidiary company. This
further consolidates the joint venture partnership, aiding the plans for the
re-development of the Aje field.

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

666142_20260218 PNOR_OML113 increase.pdf