PetroNor E&P ASA: Oil sale price confirmed

01 May 2026 16:32 CEST

Oslo, 1 May 2026: PetroNor E&P ASA (“PetroNor” or the “Company”) provides the
following update on the oil sales lifting previously announced on 9 April 2026.

The realised price of the oil sale has now been confirmed at an effective price
of USD 116.05 per barrel, generating a cash inflow of USD 111.9 million from the
964,593 barrels of entitlement oil lifted and sold.

This event included a significant overlift of more than 500,000 barrels that
will be replenished over the coming months from 2026 production during Q2 and Q3
2026.

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

672195_20260501 PNOR_Oil Sale Price Confirmed.pdf