{"version":"https://www.mfn.se/feed/version/1","title":"","home_page_url":"https://mfn.se/all/a/african-petroleum-corporation.json","feed_url":"https://mfn.se/all/a/african-petroleum-corporation.json","description":"MFN is a feed for press releases in regards to publicly traded companies","next_url":"https://mfn.se/all/a/african-petroleum-corporation.json?limit=48&offset=48","items":[{"news_id":"8f5d96e6-a44f-5165-a874-9ff3d9601028","group_id":"400ce597-71a2-4ebc-ac36-fcc36338421b","url":"https://mfn.se/ob/a/petronor-eandp/pnor-usd-27-4-million-cash-sale-of-pngf-sud-oil-8f5d96e6","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: USD 27.4 million cash sale of PNGF Sud oil","slug":"pnor-usd-27-4-million-cash-sale-of-pngf-sud-oil-8f5d96e6","publish_date":"2024-02-27T12:00:00Z","html":"
Oslo, 27 February 2024: PetroNor E&P ASA ("PetroNor" or the "Company") confirms","text":"Oslo, 27 February 2024: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") confirms\nthat 330,572 bbls of oil were lifted and sold from the Djeno Terminal in\nFebruary 2024, generating a cash inflow of USD 27.4 million at a realised price\nof USD 82.87 per barrel.\n\nWith this lifting, which was sold to ADNOC, the National Oil Company of Abu\nDhabi, the Company achieved a new operational milestone by exporting under its\nown capacity as a party to the Djeno terminal in Congo. The arrangements with\nthe Djeno terminal increase the options available to the Company to bring to\nmarket its PNGF Sud oil production. The Company welcomes ADNOC as a potential\npartner in future oil sales and associated financing.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria. Under the terms of the PNGF Sud licences, a proportion of oil\nproduced is used to pay royalties and tax to the Government. The remaining oil\nproduced is considered \"entitlement oil\" that can be lifted by the Company and\nsold in the market.\n"},"extensions":{},"source":"ob"},{"news_id":"27c653b6-30a3-51f5-99c4-b4e490032fda","group_id":"15f30310-e1cf-4a65-b141-0cee71cc8b4a","url":"https://mfn.se/ob/a/petronor-eandp/pnor-interim-financial-report-for-the-fourth-quarter-2023-27c653b6","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Interim financial report for the fourth quarter 2023","slug":"pnor-interim-financial-report-for-the-fourth-quarter-2023-27c653b6","publish_date":"2024-02-21T05:30:00Z","html":"
that 330,572 bbls of oil were lifted and sold from the Djeno Terminal in
February 2024, generating a cash inflow of USD 27.4 million at a realised price
of USD 82.87 per barrel.
With this lifting, which was sold to ADNOC, the National Oil Company of Abu
Dhabi, the Company achieved a new operational milestone by exporting under its
own capacity as a party to the Djeno terminal in Congo. The arrangements with
the Djeno terminal increase the options available to the Company to bring to
market its PNGF Sud oil production. The Company welcomes ADNOC as a potential
partner in future oil sales and associated financing.
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.
Oslo, 21 February 2024: With all-time high production and oil sales, 2023 was a","text":"Oslo, 21 February 2024: With all-time high production and oil sales, 2023 was a\nrecord year for PetroNor E&P, and the fourth quarter was no exception. Solid\noperational performance, in combination with the gain from the Guinea-Bissau\nfarm-out, led to more than a doubling of the net profit for the year.\n\nIn 2023, the company has lifted and sold 1.5 million bbls of oil at an average\nrealised sales price of 78.35 USD/bbl. This generated gross revenue of USD 187.3\nmillion for the full-year period, compared with USD 146.0 million in 2022. This\ngave an EBITDA result of USD 141.3 million, up from USD 96.4 million in 2022. \n\nIn addition, the Guinea-Bissau farm-down transaction which was announced on 27\nJune 2023 completed during the fourth quarter of 2023. The transaction resulted\nin a cash contribution to past costs of USD 22.9 million, yielding a net profit\ncontribution from discontinued operations of USD 15.4 million. Total combined\nnet profit for the company in 2023 came in at USD 78.1 million, up from USD 34.4\nmillion in the prior year. \n\nPetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in\nCongo, which is the company's core production licence. From this asset, net\nworking interest production allocated to PetroNor was 5,319 bopd in the fourth\nquarter, supported by production from five new infill wells drilled in Tchibeli\nwhich started in September 2023. Average net working interest production for the\nfull year was 5,168 bopd, up from 4,017 bopd in the prior year. \n\nOn 27 December 2023, the Council of Ministers in the Republic of Congo awarded\nthe PNGF Bis licence to a contractor group led by Perenco as an operator and\nwith PetroNor, represented through its Congolese subsidiary, Hemla E&P Congo, as\na partner with a net interest of 22.7 per cent. This approval will clear the\npath for signing a new production sharing agreement in early 2024. \n\n\"The continued strong operational performance of our Congo producing assets\nunderpinned a great fourth quarter. In addition, the approval from the Congolese\nCouncil of Ministers on PNGF Bis and the completion of the Guinea-Bissau\ntransaction was a welcome way to close what has been a very successful year for\nPetroNor. The company's year-end balance sheet has benefited from record\nproduction and oil sales during the year as well as the contribution from the\nGuinea-Bissau transaction,\" says interim CEO Jens Pace. \n\nPlease find enclosed the interim financial report and presentation material for\nthe quarter and the full-year period ended 31 December 2023. \n\nInterim CEO Jens Pace will present the results in a webcast today at 09:00 CET.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20240221_6/\n\nA recording of the event will be made available on the company's website after\nthe webcast.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria. Under the terms of the PNGF Sud licences, a proportion of oil\nproduced is used to pay royalties and tax to the Government. The remaining oil\nproduced is considered \"entitlement oil\" that can be lifted by the Company and\nsold in the market.\n"},"extensions":{},"source":"ob"},{"news_id":"fd334296-1ec3-520f-8425-c2e941fea40b","group_id":"9374e7f2-c7cb-4bce-aa72-d7a63760a94f","url":"https://mfn.se/ob/a/petronor-eandp/pnor-webinar-for-q4-2023-results-wednesday-21-february-fd334296","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Webinar for Q4 2023 results, Wednesday 21 February","slug":"pnor-webinar-for-q4-2023-results-wednesday-21-february-fd334296","publish_date":"2024-02-19T15:40:00Z","html":"
record year for PetroNor E&P, and the fourth quarter was no exception. Solid
operational performance, in combination with the gain from the Guinea-Bissau
farm-out, led to more than a doubling of the net profit for the year.
In 2023, the company has lifted and sold 1.5 million bbls of oil at an average
realised sales price of 78.35 USD/bbl. This generated gross revenue of USD 187.3
million for the full-year period, compared with USD 146.0 million in 2022. This
gave an EBITDA result of USD 141.3 million, up from USD 96.4 million in 2022.
In addition, the Guinea-Bissau farm-down transaction which was announced on 27
June 2023 completed during the fourth quarter of 2023. The transaction resulted
in a cash contribution to past costs of USD 22.9 million, yielding a net profit
contribution from discontinued operations of USD 15.4 million. Total combined
net profit for the company in 2023 came in at USD 78.1 million, up from USD 34.4
million in the prior year.
PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in
Congo, which is the company's core production licence. From this asset, net
working interest production allocated to PetroNor was 5,319 bopd in the fourth
quarter, supported by production from five new infill wells drilled in Tchibeli
which started in September 2023. Average net working interest production for the
full year was 5,168 bopd, up from 4,017 bopd in the prior year.
On 27 December 2023, the Council of Ministers in the Republic of Congo awarded
the PNGF Bis licence to a contractor group led by Perenco as an operator and
with PetroNor, represented through its Congolese subsidiary, Hemla E&P Congo, as
a partner with a net interest of 22.7 per cent. This approval will clear the
path for signing a new production sharing agreement in early 2024.
"The continued strong operational performance of our Congo producing assets
underpinned a great fourth quarter. In addition, the approval from the Congolese
Council of Ministers on PNGF Bis and the completion of the Guinea-Bissau
transaction was a welcome way to close what has been a very successful year for
PetroNor. The company's year-end balance sheet has benefited from record
production and oil sales during the year as well as the contribution from the
Guinea-Bissau transaction," says interim CEO Jens Pace.
Please find enclosed the interim financial report and presentation material for
the quarter and the full-year period ended 31 December 2023.
Interim CEO Jens Pace will present the results in a webcast today at 09:00 CET.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20240221_6/
A recording of the event will be made available on the company's website after
the webcast.
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 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.
Oslo, 19 February 2024: PetroNor E&P ASA (OSE ticker: "PNOR") will announce its","text":"Oslo, 19 February 2024: PetroNor E&P ASA (OSE ticker: \"PNOR\") will announce its\nresults for the fourth quarter of 2023 on Wednesday 21 February 2024. \n\nThe interim report and the presentation material will be published on\nwww.newsweb.no and on the company's web site www.petronorep.com at around 06:30\nCET.\n\nAt 09:00 CET on the same day, interim CEO Jens Pace will present the results in\na webcast.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20240221_6/ \n\nA recording of the event will be made available on the Company's website after\nthe webcast.\n\nFor additional information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"1f735813-d298-5bca-82e1-64421860bb91","group_id":"9b4e655d-bd04-4cc3-864e-0f81f0b662c7","url":"https://mfn.se/ob/a/petronor-eandp/pnor-production-increase-in-q4-2023-resulting-from-the-successful-infill-drilling-campaign-1f735813","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Production increase in Q4 2023 resulting from the successful infill drilling campaign","slug":"pnor-production-increase-in-q4-2023-resulting-from-the-successful-infill-drilling-campaign-1f735813","publish_date":"2024-01-10T06:00:00Z","html":"
results for the fourth quarter of 2023 on Wednesday 21 February 2024.
The interim report and the presentation material will be published on
www.newsweb.no and on the company's web site www.petronorep.com at around 06:30
CET.
At 09:00 CET on the same day, interim CEO Jens Pace will present the results in
a webcast.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20240221_6/
A recording of the event will be made available on the Company's website after
the webcast.
For additional 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.
Oslo, 10 January 2024: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased","text":"Oslo, 10 January 2024: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") is pleased\nto provide the following update on the Congo operations related to the PNGF Sud\nfield complex. \n\nFourth quarter average net to PetroNor production was 5,319* bopd, compared with\n5,113 bopd in the previous quarter and 4,688 bopd in the same period in 2022,\nyielding an average full-year production of 5,168* bopd for 2023. December\nproduction was lower than capacity due to a 3rd party generator shut down\nyielding less power available for PNGF Sud. Going forward, with the planned\ncommissioning of the Tchendo 2 platform in 2024, PNGF will become independent of\nexternal power import.\n\nForecasted activities in Q1 include a probable lifting and sale of the Company's\ninventory of entitlement oil of over 300,000 bbls. In addition, drilling\noperations for the previously announced Tchibeli NE well to the Vandji Formation\nare expected to begin. Further details will be issued when available.\n\nThe full account of production (including final allocation) will be presented in\nthe interim report for the fourth quarter of 2023.\n\n*Final production allocation for the months of October and November, preliminary\nproduction allocation for December.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria. Under the terms of the PNGF Sud licences, a proportion of oil\nproduced is used to pay royalties and tax to the Government. The remaining oil\nproduced is considered \"entitlement oil\" that can be lifted by the Company and\nsold in the market.\n"},"extensions":{},"source":"ob"},{"news_id":"a326d970-a861-56e0-85e9-92e74fab9501","group_id":"629b8572-de46-47cd-89b1-86b07775b4b0","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-guinea-bissau-transaction-payment-initiated-and-pngf-bis-licence-approved-in-congo-a326d970","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Guinea Bissau Transaction Payment Initiated and PNGF Bis Licence approved in Congo","slug":"petronor-eandp-asa-guinea-bissau-transaction-payment-initiated-and-pngf-bis-licence-approved-in-congo-a326d970","publish_date":"2023-12-29T07:00:00Z","html":"
to provide the following update on the Congo operations related to the PNGF Sud
field complex.
Fourth quarter average net to PetroNor production was 5,319* bopd, compared with
5,113 bopd in the previous quarter and 4,688 bopd in the same period in 2022,
yielding an average full-year production of 5,168* bopd for 2023. December
production was lower than capacity due to a 3rd party generator shut down
yielding less power available for PNGF Sud. Going forward, with the planned
commissioning of the Tchendo 2 platform in 2024, PNGF will become independent of
external power import.
Forecasted activities in Q1 include a probable lifting and sale of the Company's
inventory of entitlement oil of over 300,000 bbls. In addition, drilling
operations for the previously announced Tchibeli NE well to the Vandji Formation
are expected to begin. Further details will be issued when available.
The full account of production (including final allocation) will be presented in
the interim report for the fourth quarter of 2023.
*Final production allocation for the months of October and November, preliminary
production allocation for December.
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.
Oslo, 29 December 2023: PetroNor E&P ASA ("PetroNor") is pleased to confirm the","text":"Oslo, 29 December 2023: PetroNor E&P ASA (\"PetroNor\") is pleased to confirm the\ncompletion of the Guinea Bissau farm-down transaction which was announced on\n27th June 2023. Over the Christmas holiday period, Apus Energy DMCC (APUS)\ninitiated the payment of $23 million towards past licence costs and long lead\nitems purchased for drilling 1\n\nThe Government of Guinea Bissau approved the transfer of the the Sinapa (Block\n2) and Esperança (Blocks 4A and 5A) licence interests to Apus during October\n2023. It is anticipated that an exploration well to test the Atum-1 prospect\nwill be drilled during the second quarter of 2024. In case of a successful well,\nPetroNor stands to receive two contingent earn-out payments of USD 30 million\neach, contingent upon government approval of a field development plan and\nsustained production. \n\nCongo PNGF Bis update:\n\nOn December 27th, the Council of Ministers in the Republic of Congo met and\napproved a number of energy projects. This included the award of the PNGF Bis\nlicence to a contractor group led by Perenco as an operator and with PetroNor,\nrepresented through its Congolese subsidiary, Hemla E&P Congo, as a partner with\na net interest of 22.7% 2. This approval will clear the path for signing of a\nproduction sharing agreement in early 2024. \n\n\"We are pleased that the farm-out of the Guinea Bissau licences will lead to the\ndrilling of an important exploration well for Guinea Bissau and the region. The\ncompletion of this transaction, coupled with the approval from the Congolese\nCouncil of Ministers on PNGF Bis, is a welcome way to close what has been a very\nsuccessful year for PetroNor. The Guinea Bissau payment is a significant\ncontribution to the company's year-end balance sheet that is already\nstrengthened by record production and oil sales. In addition, we look forward to\nprogressing the development of the new licence in the Congo during 2024 with our\npartners.\" says interim CEO Jens Pace.\n\nFor further information, please contact:\n\nInvestor Relations \nEmail: ir@petronorep.com\n\n1 $25 million consideration adjusted for working capital changes since\ntransaction signature.\n2 PNGF Bis contains Net 2C resources of 6.6 mmbo in PetroNor's 2023 Competent\nPerson's Report. \n\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"4681db81-215f-5750-8363-a7cf10a2dca1","group_id":"87e7ab1e-589f-40df-b0d8-f45c0faff2c1","url":"https://mfn.se/ob/a/petronor-eandp/pnor-flaggemelding-4681db81","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"no","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Flaggemelding","slug":"pnor-flaggemelding-4681db81","publish_date":"2023-12-22T14:29:26Z","html":"
completion of the Guinea Bissau farm-down transaction which was announced on
27th June 2023. Over the Christmas holiday period, Apus Energy DMCC (APUS)
initiated the payment of $23 million towards past licence costs and long lead
items purchased for drilling 1
The Government of Guinea Bissau approved the transfer of the the Sinapa (Block
2) and Esperança (Blocks 4A and 5A) licence interests to Apus during October
2023. It is anticipated that an exploration well to test the Atum-1 prospect
will be drilled during the second quarter of 2024. In case of a successful well,
PetroNor stands to receive two contingent earn-out payments of USD 30 million
each, contingent upon government approval of a field development plan and
sustained production.
Congo PNGF Bis update:
On December 27th, the Council of Ministers in the Republic of Congo met and
approved a number of energy projects. This included the award of the PNGF Bis
licence to a contractor group led by Perenco as an operator and with PetroNor,
represented through its Congolese subsidiary, Hemla E&P Congo, as a partner with
a net interest of 22.7% 2. This approval will clear the path for signing of a
production sharing agreement in early 2024.
"We are pleased that the farm-out of the Guinea Bissau licences will lead to the
drilling of an important exploration well for Guinea Bissau and the region. The
completion of this transaction, coupled with the approval from the Congolese
Council of Ministers on PNGF Bis, is a welcome way to close what has been a very
successful year for PetroNor. The Guinea Bissau payment is a significant
contribution to the company's year-end balance sheet that is already
strengthened by record production and oil sales. In addition, we look forward to
progressing the development of the new licence in the Congo during 2024 with our
partners." says interim CEO Jens Pace.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com
1 $25 million consideration adjusted for working capital changes since
transaction signature.
2 PNGF Bis contains Net 2C resources of 6.6 mmbo in PetroNor's 2023 Competent
Person's Report.
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.
Nor Energy AS har den 22. desember 2023 solgt, til sine eiere, 10 677 222 aksjer","text":"Nor Energy AS har den 22. desember 2023 solgt, til sine eiere, 10 677 222 aksjer\ni PetroNor\nE&P ASA («PetroNor»). Etter transaksjonen eier Nor Energy AS 2 274 665 aksjer\n(1,60%)\ndirekte og 13 876 364 (9,75%) gjennom sitt heleide datterselskap Symero Ltd. Nor\nEnergy\nAS kontrollerer etter dette 16 151 029 aksjer tilsvarende 11,35 % av aksjene og\nstemmene i\nPetroNor. Transaksjonen gjør at Nor Energy AS sitt direkte antall aksjer har\nkommet under\n5% terskelen som gir flaggeplikt og at det samlede antall aksjer og stemmer som\nNor Energy\nkontrolerer har har kommet under 15% terskelen som gir flaggeplikt.\n"},"extensions":{},"source":"ob"},{"news_id":"532a4326-cb88-5e8b-85f1-9785bddcf4b3","group_id":"785c672b-9b36-40ef-8a2c-fbbc91a086fb","url":"https://mfn.se/ob/a/petronor-eandp/pnor-financial-calendar-532a4326","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Financial calendar","slug":"pnor-financial-calendar-532a4326","publish_date":"2023-12-19T15:47:20Z","html":"
i PetroNor
E&P ASA («PetroNor»). Etter transaksjonen eier Nor Energy AS 2 274 665 aksjer
(1,60%)
direkte og 13 876 364 (9,75%) gjennom sitt heleide datterselskap Symero Ltd. Nor
Energy
AS kontrollerer etter dette 16 151 029 aksjer tilsvarende 11,35 % av aksjene og
stemmene i
PetroNor. Transaksjonen gjør at Nor Energy AS sitt direkte antall aksjer har
kommet under
5% terskelen som gir flaggeplikt og at det samlede antall aksjer og stemmer som
Nor Energy
kontrolerer har har kommet under 15% terskelen som gir flaggeplikt.
Financial calendar for PetroNor E&P ASA","text":"Financial calendar for PetroNor E&P ASA\n\nFINANCIAL YEAR 2023\n\n25.04.2024 - Annual Report\n\n21.02.2024 - Quarterly Report - Q4\n\n\nFINANCIAL YEAR 2024\n\n14.08.2024 - Half-yearly Report\n29.04.2025 - Annual Report\n29.05.2024 - Annual General Meeting\n\n15.05.2024 - Quarterly Report - Q1\n20.11.2024 - Quarterly Report - Q3\n19.02.2025 - Quarterly Report - Q4\n\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"80054a3a-57a1-5dd3-a995-8ca34c06b3d5","group_id":"0198e18c-0d13-4692-a00b-df613c8ee917","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-record-oil-sales-in-2023-confirmed-80054a3a","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Record oil sales in 2023 confirmed","slug":"petronor-eandp-asa-record-oil-sales-in-2023-confirmed-80054a3a","publish_date":"2023-12-18T05:30:00Z","html":"
FINANCIAL YEAR 2023
25.04.2024 - Annual Report
21.02.2024 - Quarterly Report - Q4
FINANCIAL YEAR 2024
14.08.2024 - Half-yearly Report
29.04.2025 - Annual Report
29.05.2024 - Annual General Meeting
15.05.2024 - Quarterly Report - Q1
20.11.2024 - Quarterly Report - Q3
19.02.2025 - Quarterly Report - Q4
This information is published pursuant to the requirements set out in the
Continuing obligations.
Oslo, 15 December 2023: PetroNor E&P ASA ("PetroNor" or the "Company") confirms","text":"Oslo, 15 December 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") confirms\nthat 373,423 bbls of oil were lifted and sold from the Djeno Terminal in the\nfirst week of December 2023, generating a cash inflow of USD 27.3 million at a\nrealised price of USD 73.15 per barrel.\n\nThis brings the total 2023 net entitlement volumes sold to 1,543,910 bbls for\nUSD 121 million in cash, equivalent to an average price of USD 78.30 per barrel.\n\nThis represents a historically high volume and revenue for PetroNor, almost\ndouble the quantity lifted and sold in 2022 by comparison, 800,177 bbls. The\nCompany is now benefitting from the significant capital investment in the infill\ndrilling campaign over the past two years.\n\nThe Tchendo 2 platform has now arrived in Congo from yard upgrades in the\nNetherlands and will be commissioned in the field in the coming months.\n\nThe platform includes a total of 14 new wells slots which will enable further\ndevelopment of the Tchendo field with six new wells planned in H2 2024. The\ninfill drilling programme includes 18 wells of which 11 has been drilled to date\nand has lifted the daily production capacity in PNGF Sud from c. 20,000 bopd to\ncurrent rates of c. 35,000 bopd. \n\nThe Tchendo 2 platform further includes three gas turbines with an installed\ncapacity of 27MW that will allow energy independence and reduce gas emissions\nfor the PNGF Sud license with additional capacity for power export and excess\ngas utilization for surrounding licenses. \n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML 113\nin Nigeria.\n\nUnder the terms of the PNGF Sud licences, a proportion of oil produced is used\nto pay royalties and tax to the Government. The remaining oil produced is\nconsidered \"entitlement oil\" that can be lifted by the company and sold in the\nmarkets.\n"},"extensions":{},"source":"ob"},{"news_id":"c098b532-e591-5391-8ff5-172f2b866747","group_id":"9bce1e1c-5695-4464-b2d5-d23ee76c85a6","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-interim-financial-report-for-the-third-quarter-2023-c098b532","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Interim financial report for the third quarter 2023","slug":"petronor-eandp-asa-interim-financial-report-for-the-third-quarter-2023-c098b532","publish_date":"2023-11-28T05:30:00Z","html":"
that 373,423 bbls of oil were lifted and sold from the Djeno Terminal in the
first week of December 2023, generating a cash inflow of USD 27.3 million at a
realised price of USD 73.15 per barrel.
This brings the total 2023 net entitlement volumes sold to 1,543,910 bbls for
USD 121 million in cash, equivalent to an average price of USD 78.30 per barrel.
This represents a historically high volume and revenue for PetroNor, almost
double the quantity lifted and sold in 2022 by comparison, 800,177 bbls. The
Company is now benefitting from the significant capital investment in the infill
drilling campaign over the past two years.
The Tchendo 2 platform has now arrived in Congo from yard upgrades in the
Netherlands and will be commissioned in the field in the coming months.
The platform includes a total of 14 new wells slots which will enable further
development of the Tchendo field with six new wells planned in H2 2024. The
infill drilling programme includes 18 wells of which 11 has been drilled to date
and has lifted the daily production capacity in PNGF Sud from c. 20,000 bopd to
current rates of c. 35,000 bopd.
The Tchendo 2 platform further includes three gas turbines with an installed
capacity of 27MW that will allow energy independence and reduce gas emissions
for the PNGF Sud license with additional capacity for power export and excess
gas utilization for surrounding licenses.
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 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
markets.
Oslo, 28 November 2023: In the third quarter, PetroNor E&P ASA continued to have","text":"Oslo, 28 November 2023: In the third quarter, PetroNor E&P ASA continued to have\nstrong operational performance from its Congo assets with production of 5,113\nbopd, maintained at levels consistent with the average for the first half of the\nyear. In October, new infill wells drilled during 2023 were brought online,\nraising current net production to ~6,000 bopd.\n\nThe 17-well drilling campaign in the PNGF Sud complex commenced in 2021 and\ndelivered six new wells in the Litanzi and Tchebelli NE fields during 2022. The\ninfill drilling programme resumed in May 2023 to add five new wells in the\nTchibeli field.\n\n\"Five new Tchibeli wells have now been completed, safely and below budget and\nare contributing to a current gross production of 35,000 bopd. This production\nlevel has not been achieved for over ten years and demonstrates the development\npotential of this mature asset. The drilling program will continue in 2024 with\na follow-on production well to the 2022 exploration discovery in the Vandji\nFormation and an infill campaign of six wells in the Tchendo field,\" says\ninterim CEO Jens Pace. \n\nYear to date, the company has lifted and sold 1.2 million bbls of oil at an\naverage realised sales price of 79.95 USD/bbl, realising USD 94 million. By\ncomparison, this volume already exceeds the 2022 oil sales of 800,177 bbls. An\nadditional lifting of 360k bbls scheduled early December will lift the 2023\nsales to over 1.5 million bbls. \n\nFor the first nine months of 2023, the company generated revenue of USD 112.6\nmillion, compared to USD 52.2 million in the same period of 2022. This gave an\nEBITDA result of USD 71.1 million for year-to-date period, compared to USD 36.1\nmillion in the same period in 2022.\n\nPetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud\nin Congo, which is the company's core production licence. From this asset, net\nworking interest production allocated to PetroNor E&P was 5,113 bopd in the\nthird quarter and 5,117 bopd in the first nine months of 2023. \n\nIn October, the company entered into an agreement with New Age (African Global\nEnergy) Limited to acquire New Age's interests in OML 113 in Nigeria which\ncontains the Aje field. \n\n\"This acquisition not only strengthens PetroNor E&P's position in OML 113 but\nalso opens up exciting possibilities for future growth in regional energy\ntransition and provides strategic flexibility. The Aje re-development planning\nis advancing with partners, the supply chain, and potential purchasers of gas,\"\nPace concludes. \n\nThe operatorship of Guinea-Bissau licences was assigned to Apus Energia Guiné\nBissau SA in October as part of the farm down of participating interests, and\npayment of approximately USD 25 million cash towards past costs is expected\nsoon. The company is entitled to another two contingent earnout payments of USD\n30 million each, subject to government approval of a field development plan and\nachievement of continuous production respectively. \n\nIn November, PetroNor E&P received the final ruling from the ICSID arbitration\ntribunal in a proceeding between the company's subsidiary African Petroleum\nSenegal Limited and the Republic of Senegal. The tribunal rejected claims by the\ncompany to rights over legacy Senegal exploration licences, and also rejected\ncounter-claims against the company made by the Republic of Senegal. The company\nhas been ordered to pay approximately USD 3 million in respect of 90% of the\nICSID costs and the Republic of Senegal's legal expenses.\n\nPlease find enclosed the interim financial report and presentation material for\nthe quarter and nine months ended 30 September 2023. \n\nInterim CEO Jens Pace will present the results in a webcast today at 09:00 CET.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20231128_1/ \n\nA recording of the event will be made available on the company's website after\nthe webcast.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML 113\nin Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"535f3017-bca7-533d-b395-33f05eb1c56e","group_id":"ebc5aa43-3d31-4f47-ac92-aa96d6ad2e64","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-webinar-for-q3-2023-results-tuesday-28-november-2023-535f3017","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Webinar for Q3 2023 results, Tuesday, 28 November 2023","slug":"petronor-eandp-asa-webinar-for-q3-2023-results-tuesday-28-november-2023-535f3017","publish_date":"2023-11-21T16:45:00Z","html":"
strong operational performance from its Congo assets with production of 5,113
bopd, maintained at levels consistent with the average for the first half of the
year. In October, new infill wells drilled during 2023 were brought online,
raising current net production to ~6,000 bopd.
The 17-well drilling campaign in the PNGF Sud complex commenced in 2021 and
delivered six new wells in the Litanzi and Tchebelli NE fields during 2022. The
infill drilling programme resumed in May 2023 to add five new wells in the
Tchibeli field.
"Five new Tchibeli wells have now been completed, safely and below budget and
are contributing to a current gross production of 35,000 bopd. This production
level has not been achieved for over ten years and demonstrates the development
potential of this mature asset. The drilling program will continue in 2024 with
a follow-on production well to the 2022 exploration discovery in the Vandji
Formation and an infill campaign of six wells in the Tchendo field," says
interim CEO Jens Pace.
Year to date, the company has lifted and sold 1.2 million bbls of oil at an
average realised sales price of 79.95 USD/bbl, realising USD 94 million. By
comparison, this volume already exceeds the 2022 oil sales of 800,177 bbls. An
additional lifting of 360k bbls scheduled early December will lift the 2023
sales to over 1.5 million bbls.
For the first nine months of 2023, the company generated revenue of USD 112.6
million, compared to USD 52.2 million in the same period of 2022. This gave an
EBITDA result of USD 71.1 million for year-to-date period, compared to USD 36.1
million in the same period in 2022.
PetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud
in Congo, which is the company's core production licence. From this asset, net
working interest production allocated to PetroNor E&P was 5,113 bopd in the
third quarter and 5,117 bopd in the first nine months of 2023.
In October, the company entered into an agreement with New Age (African Global
Energy) Limited to acquire New Age's interests in OML 113 in Nigeria which
contains the Aje field.
"This acquisition not only strengthens PetroNor E&P's position in OML 113 but
also opens up exciting possibilities for future growth in regional energy
transition and provides strategic flexibility. The Aje re-development planning
is advancing with partners, the supply chain, and potential purchasers of gas,"
Pace concludes.
The operatorship of Guinea-Bissau licences was assigned to Apus Energia Guiné
Bissau SA in October as part of the farm down of participating interests, and
payment of approximately USD 25 million cash towards past costs is expected
soon. The company is entitled to another two contingent earnout payments of USD
30 million each, subject to government approval of a field development plan and
achievement of continuous production respectively.
In November, PetroNor E&P received the final ruling from the ICSID arbitration
tribunal in a proceeding between the company's subsidiary African Petroleum
Senegal Limited and the Republic of Senegal. The tribunal rejected claims by the
company to rights over legacy Senegal exploration licences, and also rejected
counter-claims against the company made by the Republic of Senegal. The company
has been ordered to pay approximately USD 3 million in respect of 90% of the
ICSID costs and the Republic of Senegal's legal expenses.
Please find enclosed the interim financial report and presentation material for
the quarter and nine months ended 30 September 2023.
Interim CEO Jens Pace will present the results in a webcast today at 09:00 CET.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20231128_1/
A recording of the event will be made available on the company's website after
the webcast.
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 and OML 113
in Nigeria.
Oslo, 21 November 2023: PetroNor E&P ASA (OSE ticker: "PNOR") will announce its","text":"Oslo, 21 November 2023: PetroNor E&P ASA (OSE ticker: \"PNOR\") will announce its\nresults for the third quarter of 2023 on Tuesday, 28 November 2023. \n\nThe interim report and the presentation material will be published on\nwww.newsweb.no and on the Company's web site, www.petronorep.com at around 06:30\nCET.\n\nAt 09:00 CET on the same day, interim CEO Jens Pace will present the results in\na webcast.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20231128_1/ \n\nA recording of the event will be made available on the Company's website after\nthe webcast.\n\nFor additional information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"023128e2-1d7a-5dac-b236-5d6befa321ee","group_id":"ab1b7796-cfd0-478a-8ac8-d878c815fd96","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-update-on-senegal-arbitration-023128e2","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Update on Senegal arbitration","slug":"petronor-eandp-asa-update-on-senegal-arbitration-023128e2","publish_date":"2023-11-17T11:30:00Z","html":"
results for the third quarter of 2023 on Tuesday, 28 November 2023.
The interim report and the presentation material will be published on
www.newsweb.no and on the Company's web site, www.petronorep.com at around 06:30
CET.
At 09:00 CET on the same day, interim CEO Jens Pace will present the results in
a webcast.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20231128_1/
A recording of the event will be made available on the Company's website after
the webcast.
For additional 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.
Oslo, 17 November 2023: PetroNor E&P ASA (the "Company") has received the final","text":"Oslo, 17 November 2023: PetroNor E&P ASA (the \"Company\") has received the final\nruling from the ICSID arbitration tribunal in a proceeding between the Company's\nsubsidiary African Petroleum Senegal Limited (\"APSL\") and the Republic of\nSenegal. \n\nThe ruling rejects claims by APSL and counter claims by the Republic of Senegal.\nAPSL has been ordered to pay approximately USD 3 million in respect of 90% of\nthe ICSID costs and the Republic of Senegal's legal expenses.\n\nAPSL is considering all options available in relation to this disappointing\nruling including filing an application for annulment as provided for in the\nICSID Convention. Further information will be provided to the market as and when\nany decisions in this regard have been made.\n\nThe Senegal Offshore Sud Profond and Rufisque Offshore Profond licences were\nawarded to APSL in 2011. In July 2018, APSL registered arbitration proceedings\nwith the International Centre for Settlement of Investment Disputes (ICSID)\n(case ARB/18/24) to protect its interests in the licences. The combined licences\ncover an area of 15,796 km2 and since the start of the arbitration process they\nhave had nil carrying value in financial statements of the Company due to the\nprevious uncertainty of the final ruling.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113\nin Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"ee02b1fe-2f0d-5ee8-8a6d-145694814e16","group_id":"b94c236a-2323-47fa-aab8-418ae82bc182","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-usd-30-million-cash-sale-of-pngf-sud-oil-ee02b1fe","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: USD 30 million cash sale of PNGF Sud oil","slug":"petronor-eandp-asa-usd-30-million-cash-sale-of-pngf-sud-oil-ee02b1fe","publish_date":"2023-10-16T05:00:00Z","html":"
ruling from the ICSID arbitration tribunal in a proceeding between the Company's
subsidiary African Petroleum Senegal Limited ("APSL") and the Republic of
Senegal.
The ruling rejects claims by APSL and counter claims by the Republic of Senegal.
APSL has been ordered to pay approximately USD 3 million in respect of 90% of
the ICSID costs and the Republic of Senegal's legal expenses.
APSL is considering all options available in relation to this disappointing
ruling including filing an application for annulment as provided for in the
ICSID Convention. Further information will be provided to the market as and when
any decisions in this regard have been made.
The Senegal Offshore Sud Profond and Rufisque Offshore Profond licences were
awarded to APSL in 2011. In July 2018, APSL registered arbitration proceedings
with the International Centre for Settlement of Investment Disputes (ICSID)
(case ARB/18/24) to protect its interests in the licences. The combined licences
cover an area of 15,796 km2 and since the start of the arbitration process they
have had nil carrying value in financial statements of the Company due to the
previous uncertainty of the final ruling.
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 and OML-113
in Nigeria.
Oslo, 16 October 2023: PetroNor E&P ASA ("PetroNor") confirms that the 337,221","text":"Oslo, 16 October 2023: PetroNor E&P ASA (\"PetroNor\") confirms that the 337,221\nbbls of oil that were lifted and sold from the Djeno Terminal as announced on 10\nOctober 2023, generated a cash inflow of USD 30 million at a realised price of\nUSD 88.95 per barrel.\n\nDuring 2023 to date, PetroNor has sold a record high volume of 1,170,487 bbls of\nnet entitlement oil for USD 94 million in cash, equivalent to an average price\nof 79.95 USD per barrel. \n\nUnder the terms of the PNGF Sud licences, a proportion of oil produced is used\nto pay royalties and tax to the Government. The remaining oil produced is\nconsidered \"entitlement oil\" that can be lifted by the Company and sold in the\nmarket.\n\nAs per the financial calendar, the interim financial statements for the quarter\nended 30 September 2023 will be published on 28 November 2023.\n\nFor further information, please contact:\n\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"dfddfdb4-5424-562c-8e94-61d7717d8861","group_id":"23900ff4-5c20-4aa7-9b6c-6fb7a18f9467","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-production-increase-in-q3-2023-and-further-potential-from-five-new-wells-dfddfdb4","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Production increase in Q3 2023 and further potential from five new wells","slug":"petronor-eandp-asa-production-increase-in-q3-2023-and-further-potential-from-five-new-wells-dfddfdb4","publish_date":"2023-10-10T06:05:00Z","html":"
bbls of oil that were lifted and sold from the Djeno Terminal as announced on 10
October 2023, generated a cash inflow of USD 30 million at a realised price of
USD 88.95 per barrel.
During 2023 to date, PetroNor has sold a record high volume of 1,170,487 bbls of
net entitlement oil for USD 94 million in cash, equivalent to an average price
of 79.95 USD per barrel.
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.
As per the financial calendar, the interim financial statements for the quarter
ended 30 September 2023 will be published on 28 November 2023.
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.
Oslo, 10 October 2023: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased","text":"Oslo, 10 October 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") is pleased\nto provide the following update on the Congo operations related to the PNGF Sud\nfield complex. \n\nThird quarter net to PetroNor production was 5,118 bopd, compared with 4,130\nbopd in the same period in 2022, yielding an average YTD production of 5,119\nbopd (subject to final allocation adjustments). These numbers include 10 days of\nadditional production from the Tchibeli infill drilling programme.\n\nAll five Tchibeli infill wells have now been drilled, completed and stimulated,\ntwo have been put on production with initial rates at or above expectation and\none on water injection. The two last wells will be put on production within the\nnext few days. Fourth quarter production is therefore forecasted to see an\nadditional increase in production.\n\n\nFor further information, please contact:\n\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\n\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n\nUnder the terms of the PNGF Sud licences, a proportion of oil produced is used\nto pay royalties and tax to the Government. The remaining oil produced is\nconsidered \"entitlement oil\" that can be lifted by the company and sold in the\nmarkets.\n"},"extensions":{},"source":"ob"},{"news_id":"1f069622-7a4f-57b8-962a-ef506489a5b8","group_id":"ce0ae368-c400-467a-bc82-12bb415c7871","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-new-annual-volume-record-for-sale-of-petronor-oil-entitlement-1f069622","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: New annual volume record for sale of PetroNor oil entitlement","slug":"petronor-eandp-asa-new-annual-volume-record-for-sale-of-petronor-oil-entitlement-1f069622","publish_date":"2023-10-10T06:00:00Z","html":"
to provide the following update on the Congo operations related to the PNGF Sud
field complex.
Third quarter net to PetroNor production was 5,118 bopd, compared with 4,130
bopd in the same period in 2022, yielding an average YTD production of 5,119
bopd (subject to final allocation adjustments). These numbers include 10 days of
additional production from the Tchibeli infill drilling programme.
All five Tchibeli infill wells have now been drilled, completed and stimulated,
two have been put on production with initial rates at or above expectation and
one on water injection. The two last wells will be put on production within the
next few days. Fourth quarter production is therefore forecasted to see an
additional increase in production.
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.
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
markets.
Oslo, 10 October 2023: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased","text":"Oslo, 10 October 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") is pleased\nto confirm that 337,221 bbls of oil were lifted and sold from the Djeno Terminal\non 4 October 2023. This brings the total 2023 net entitlement volumes lifted to\n1,170,487 bbls and sets a new record for the annual volume for PetroNor.\n\nThe Company will update the market once the realised selling price is confirmed.\n\n\nPetroNor still is holding 120,000 bbls of net entitlenment oil in current\ninventory which was not lifted due to operational constraints. The company is\nworking with the Djeno terminal operators to establish if an additioinal lifting\nis possible close to year end 2023 when inventory is forecast to be over 450,000\nbbls. \n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria. \n\nUnder the terms of the PNGF Sud licences, a proportion of oil produced is used\nto pay royalties and tax to the Government. The remaining oil produced is\nconsidered \"entitlement oil\" that can be lifted by the Company and sold in the\nmarket.\n"},"extensions":{},"source":"ob"},{"news_id":"bda45506-4294-5586-b0c9-77de7b3f8743","group_id":"863fe198-a3ac-4e65-999e-505483e165c8","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-petronor-expands-strategic-options-by-increasing-interest-in-the-aje-gas-development-bda45506","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:insider"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: PetroNor expands strategic options by increasing interest in the Aje gas development","slug":"petronor-eandp-asa-petronor-expands-strategic-options-by-increasing-interest-in-the-aje-gas-development-bda45506","publish_date":"2023-10-02T04:00:00Z","html":"
to confirm that 337,221 bbls of oil were lifted and sold from the Djeno Terminal
on 4 October 2023. This brings the total 2023 net entitlement volumes lifted to
1,170,487 bbls and sets a new record for the annual volume for PetroNor.
The Company will update the market once the realised selling price is confirmed.
PetroNor still is holding 120,000 bbls of net entitlenment oil in current
inventory which was not lifted due to operational constraints. The company is
working with the Djeno terminal operators to establish if an additioinal lifting
is possible close to year end 2023 when inventory is forecast to be over 450,000
bbls.
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.
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.
Oslo, 2 October 2023: PetroNor E&P ASA ("PetroNor") is pleased to announce that","text":"Oslo, 2 October 2023: PetroNor E&P ASA (\"PetroNor\") is pleased to announce that\nit has entered into a binding agreement with New Age (African Global Energy)\nLimited (\"New Age\") to acquire New Age's interests in OML 113 in Nigeria which\ncontains the Aje Field. This acquisition not only strengthens the company's\nposition in OML 113 but also opens up exciting possibilities for future growth\nin the energy transition and strategic flexibility.\n\nAccording to the agreement, PetroNor will pay New Age USD 6 million cash plus a\ndeferred future gas production payment up to a maximum of USD 20 million to\nacquire New Age's entities holding a project economic and voting interest in the\nOML 113 Joint Operation Agreement (\"JOA\") of 32%. Subject to completion, the\nagreement will not only increase PetroNor's economic stake but also reinforce\nthe company's active involvement and influence in the licence partnership to\nplan for the re-development of the Aje field.\n\nPetroNor's existing position in OML 113 was achieved through the acquisition of\nPanoro Energy ASA's Nigeria interests in a transaction which completed in 2022.\nPetroNor is working with the OML 113 operator, Yinka Folawiyo Petroleum (\"YFP\"),\nto create a jointly owned company, Aje Production AS, which will hold a project\neconomic and JOA voting interest of 39%. \n\nFollowing completion of these transactions, PetroNor and YFP related entities\nwill have a project economic and JOA voting interest of 71%. \n\nThe Aje field is estimated to contain recoverable resources of 480 BCF of gas,\n54 mmbbls oil, condensate and LPG. The acquisition of New Age's Aje interests\nwill increase PetroNor's net 2C contingent resources in Aje from 27.1 mmboe to\n70.1 mmboe*,**.\n\nJens Pace, Interim CEO of PetroNor said: \"This acquisition is consistent with\nPetroNor's commitment to expanding its portfolio while demonstrating shareholder\nvalue. Acquiring New Age's interests represents a big step in achieving the\npartner alignment necessary to move forward with plans for the re-development of\nthe Aje field. We are excited about the potential value of this gas resource\nwhich is located close to major population centres and offers a cleaner source\nof energy for power generation and industrial use compared to current\nalternatives.\"\n\nCompletion of the transaction is subject to customary conditions, including\nregulatory approvals in Nigeria.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation and is subject to the disclosure requirements pursuant\nto section 5-12 the Norwegian Securities Trading Act. This stock exchange\nannouncement was published by Chris Butler, Group Financial Controller at\nPetroNor E&P ASA on 2 October 2023 at 06:00 CEST on behalf of the Company.\n\n________________________________________________\n* AGR/Tracs CPR dated 20.3.19 estimated as per 1.1.19 minus subsequent\nproduction.\n** Following completion of the Aje Production AS JV\n\n\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML 113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"e6bc6b7c-1573-5937-a160-f0f7f052b8b9","group_id":"ce9788d3-d7f4-442a-9a52-52de771afc56","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-presenting-at-pareto-securities-30th-annual-energy-conference-e6bc6b7c","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Presenting at Pareto Securities' 30th annual Energy Conference","slug":"petronor-eandp-asa-presenting-at-pareto-securities-30th-annual-energy-conference-e6bc6b7c","publish_date":"2023-09-20T05:00:00Z","html":"
it has entered into a binding 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. This acquisition not only strengthens the company's
position in OML 113 but also opens up exciting possibilities for future growth
in the energy transition and strategic flexibility.
According to the agreement, PetroNor will pay New Age USD 6 million cash plus a
deferred future gas production payment up to a maximum of USD 20 million to
acquire New Age's entities holding a project economic and voting interest in the
OML 113 Joint Operation Agreement ("JOA") of 32%. Subject to completion, the
agreement will not only increase PetroNor's economic stake but also reinforce
the company's active involvement and influence in the licence partnership to
plan for the re-development of the Aje field.
PetroNor's existing position in OML 113 was achieved through the acquisition of
Panoro Energy ASA's Nigeria interests in a transaction which completed in 2022.
PetroNor is working with the OML 113 operator, Yinka Folawiyo Petroleum ("YFP"),
to create a jointly owned company, Aje Production AS, which will hold a project
economic and JOA voting interest of 39%.
Following completion of these transactions, PetroNor and YFP related entities
will have a project economic and JOA voting interest of 71%.
The Aje field is estimated to contain recoverable resources of 480 BCF of gas,
54 mmbbls oil, condensate and LPG. The acquisition of New Age's Aje interests
will increase PetroNor's net 2C contingent resources in Aje from 27.1 mmboe to
70.1 mmboe*,**.
Jens Pace, Interim CEO of PetroNor said: "This acquisition is consistent with
PetroNor's commitment to expanding its portfolio while demonstrating shareholder
value. Acquiring New Age's interests represents a big step in achieving the
partner alignment necessary to move forward with plans for the re-development of
the Aje field. We are excited about the potential value of this gas resource
which is located close to major population centres and offers a cleaner source
of energy for power generation and industrial use compared to current
alternatives."
Completion of the transaction is subject to customary conditions, including
regulatory approvals in Nigeria.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Chris Butler, Group Financial Controller at
PetroNor E&P ASA on 2 October 2023 at 06:00 CEST on behalf of the Company.
________________________________________________
* AGR/Tracs CPR dated 20.3.19 estimated as per 1.1.19 minus subsequent
production.
** Following completion of the Aje Production AS JV
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.
Oslo, 20 September 2023: PetroNor E&P ASA's interim CEO, Mr. Jens Pace, is","text":"Oslo, 20 September 2023: PetroNor E&P ASA's interim CEO, Mr. Jens Pace, is\npresenting today at Pareto Securities' 30th annual Energy Conference. \n\nA copy of the presentation is enclosed and also available on our website at\nwww.petronorep.com.\n\n*****\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"4f929a91-890c-578b-9146-35f689fece86","group_id":"380c0989-0b36-4e18-b8f8-4c551c6450ef","url":"https://mfn.se/ob/a/petronor-eandp/pnor-financial-calendar-4f929a91","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Financial calendar","slug":"pnor-financial-calendar-4f929a91","publish_date":"2023-09-19T13:36:04Z","html":"
presenting today at Pareto Securities' 30th annual Energy Conference.
A copy of the presentation is enclosed and also available on our website at
www.petronorep.com.
*****
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, 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.
Financial calendar for PetroNor E&P ASA","text":"Financial calendar for PetroNor E&P ASA\n\nFINANCIAL YEAR 2023\n\n25.04.2024 - Annual Report\n\n28.11.2023 - Quarterly Report - Q3\n\n\nFINANCIAL YEAR 2024\n\n29.05.2024 - Annual General Meeting\n\n\n\n\nThe financial calendar as previously advised by the Company is amended by the\ninclusion of the date for the publication of the interim financial report for\nQ3-2023. \n\nThe interim financial statements for the quarter ending 30 September 2023 will\nbe released on 28 November 2023. \n\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"7c098646-768e-5d1d-af86-202601cde014","group_id":"bdc99c42-26f0-4541-88c4-0bfd11aa63ab","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-interim-financial-report-for-the-half-year-ended-30-june-2023-7c098646","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Interim financial report for the half-year ended 30 June 2023","slug":"petronor-eandp-asa-interim-financial-report-for-the-half-year-ended-30-june-2023-7c098646","publish_date":"2023-08-30T04:30:00Z","html":"
FINANCIAL YEAR 2023
25.04.2024 - Annual Report
28.11.2023 - Quarterly Report - Q3
FINANCIAL YEAR 2024
29.05.2024 - Annual General Meeting
The financial calendar as previously advised by the Company is amended by the
inclusion of the date for the publication of the interim financial report for
Q3-2023.
The interim financial statements for the quarter ending 30 September 2023 will
be released on 28 November 2023.
This information is published pursuant to the requirements set out in the
Continuing obligations.
Oslo, 30 August 2023: For PetroNor E&P ASA, the first half of 2023 was","text":"Oslo, 30 August 2023: For PetroNor E&P ASA, the first half of 2023 was\ncharacterised by all-time high production levels and solid oil sales resulting\nin a healthy cash flow for the period. In June, a 100 per cent farm-out of the\nGuinea Bissau acreage was agreed, in a deal worth up to USD 85 million.\n\nTo date, the company has completed three oil liftings and a fourth lifting is\nscheduled during October. A total of 833,266 bbls of entitlement oil has been\nsold at an average price of 76.3 USD/bbl, equivalent to USD 63.6 million. This\nvolume exceeds the total entitlement oil of 800,177 bbls sold in the whole of\n2022 at an average price of 91.0 USD/bbl. \n\nFor the first six months of 2023, the company generated revenue of USD 93.9\nmillion, compared to USD 36.8 million in the same period of 2022, when no\nliftings were made. This gave an EBITDA result of USD 57.8 million for the\nhalf-year period, compared to USD 20.4 million in the same period in 2022.\n\nPetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud\nin Congo, which is the company's core production licence. From this asset, net\nworking interest production allocated to PetroNor E&P was 5,119 bopd in the\nfirst half of 2023, compared with 4,400 bopd for 2H 2022 and 3,634 bopd for 1H\n2022. \n\n\"PNGF production is exceeding levels last seen a decade ago due to the\ninvestments made in the infill drilling program during 2021 and 2022 which has\nalready added six new wells to production. During 2023, another four new infill\nwells have been drilled, which will be brought on production starting next month\ntogether with a fifth well currently being drilled,\" says interim CEO Jens Pace.\n\n \nThe Guinea-Bissau transaction announced in June demonstrates the value of\nPetroNor's Atlantic margin exploration position. The 100 per cent farm-out\nagreement secures USD 25 million cash on completion and another two conditional\npayments of up to USD 30 million each.\n\n\"A strengthened balance sheet and positive operational outlook provides the\ncompany with the financial capacity to execute on its organic growth strategy\nand enables accretive business development as well as other options for\nshareholder value,\" Pace concludes. \n\nPlease find enclosed the interim financial report and presentation material for\nthe half-year ended 30 June 2023. \nInterim CEO Jens Pace will present the results in a webcast today at 09:00 CEST.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20230830_5/ \n\nA recording of the event will be made available on the Company's website after\nthe webcast.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"7bf4cb05-e11d-5e1f-aed7-a8ad25a416a4","group_id":"62288c57-9283-41e2-a0e3-f54a0231d2d1","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-invitation-to-presentation-of-the-first-half-year-results-2023-wednesday-30-august-2023-7bf4cb05","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm","sub:ci:gm:notice"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Invitation to presentation of the first half-year results 2023, Wednesday 30 August 2023","slug":"petronor-eandp-asa-invitation-to-presentation-of-the-first-half-year-results-2023-wednesday-30-august-2023-7bf4cb05","publish_date":"2023-08-24T13:00:00Z","html":"
characterised by all-time high production levels and solid oil sales resulting
in a healthy cash flow for the period. In June, a 100 per cent farm-out of the
Guinea Bissau acreage was agreed, in a deal worth up to USD 85 million.
To date, the company has completed three oil liftings and a fourth lifting is
scheduled during October. A total of 833,266 bbls of entitlement oil has been
sold at an average price of 76.3 USD/bbl, equivalent to USD 63.6 million. This
volume exceeds the total entitlement oil of 800,177 bbls sold in the whole of
2022 at an average price of 91.0 USD/bbl.
For the first six months of 2023, the company generated revenue of USD 93.9
million, compared to USD 36.8 million in the same period of 2022, when no
liftings were made. This gave an EBITDA result of USD 57.8 million for the
half-year period, compared to USD 20.4 million in the same period in 2022.
PetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud
in Congo, which is the company's core production licence. From this asset, net
working interest production allocated to PetroNor E&P was 5,119 bopd in the
first half of 2023, compared with 4,400 bopd for 2H 2022 and 3,634 bopd for 1H
2022.
"PNGF production is exceeding levels last seen a decade ago due to the
investments made in the infill drilling program during 2021 and 2022 which has
already added six new wells to production. During 2023, another four new infill
wells have been drilled, which will be brought on production starting next month
together with a fifth well currently being drilled," says interim CEO Jens Pace.
The Guinea-Bissau transaction announced in June demonstrates the value of
PetroNor's Atlantic margin exploration position. The 100 per cent farm-out
agreement secures USD 25 million cash on completion and another two conditional
payments of up to USD 30 million each.
"A strengthened balance sheet and positive operational outlook provides the
company with the financial capacity to execute on its organic growth strategy
and enables accretive business development as well as other options for
shareholder value," Pace concludes.
Please find enclosed the interim financial report and presentation material for
the half-year ended 30 June 2023.
Interim CEO Jens Pace will present the results in a webcast today at 09:00 CEST.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20230830_5/
A recording of the event will be made available on the Company's website after
the webcast.
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.
Oslo, 24 August 2023: PetroNor E&P ASA (the "Company") (OSE ticker: "PNOR") will","text":"Oslo, 24 August 2023: PetroNor E&P ASA (the \"Company\") (OSE ticker: \"PNOR\") will\nannounce its results for the first half-year of 2023 on Wednesday 30 August\n2023. \n\nThe interim report and the presentation material will be published on\nwww.newsweb.no and on the Company's web site www.petronorep.com at around 06:30\nCEST.\n\nAt 09:00 CEST on the same day, interim CEO Jens Pace will present the results in\na webcast.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20230830_5/\n\nA recording of the event will be made available on the Company's website after\nthe webcast.\n\nFor additional information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"6fe8c94f-4919-50e2-bc7a-b3e72fa91b6e","group_id":"85bd9411-200e-4773-b9be-a12874c9d4bd","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-half-year-production-growth-of-16-and-infill-drilling-ahead-of-schedule-6fe8c94f","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Half year production growth of 16% and infill drilling ahead of schedule","slug":"petronor-eandp-asa-half-year-production-growth-of-16-and-infill-drilling-ahead-of-schedule-6fe8c94f","publish_date":"2023-07-10T04:30:00Z","html":"
announce its results for the first half-year of 2023 on Wednesday 30 August
2023.
The interim report and the presentation material will be published on
www.newsweb.no and on the Company's web site www.petronorep.com at around 06:30
CEST.
At 09:00 CEST on the same day, interim CEO Jens Pace will present the results in
a webcast.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20230830_5/
A recording of the event will be made available on the Company's website after
the webcast.
For additional 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, 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.
Oslo, 10 July 2023: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased to","text":"Oslo, 10 July 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") is pleased to\nprovide the following update on the Congo operations related to the PNGF Sud\nfield complex.\n\nFor the first half of 2023 average gross production of 30,330 bopd has been\nachieved (subject to final allocation adjustments). This is equivalent to 5,105\nbopd net to PetroNor on a working interest basis and represents an increase of\n16 % over the previous half year in 2022. Field performance is supported by\nstrong contributions from the six infill wells on Litanzi and Tchibeli NE\ndrilled in 2022.\n\nAs reported on 12 June, infill drilling restarted in late May 2023 with an\ninitial focus on the Tchibeli field. The programme is progressing ahead of\nschedule with the first two wells now drilled to planned total depth and\ncurrently being completed for production. First oil from these wells is expected\nduring August. An additional two infill wells on Tchibeli are planned to follow\nthis year.\n\nAs reported on 6 July, PetroNor lifted and sold 270,000 bbls (net entitlement\nproduction) on 26 June 2023, bringing total sales for the year to 833,266 bbls.\nThe realised sales price was 72.1 USD/bbl. The Company will release its 1H\ninterim financial statements on 30 August 2023.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n\nUnder the terms of the PNGF Sud licences, a proportion of oil produced is used\nto pay royalties and tax to the Government. The remaining oil produced is\nconsidered \"entitlement oil\" that can be lifted by the Company and sold in the\nmarket.\n"},"extensions":{},"source":"ob"},{"news_id":"da4b4011-cc82-5a85-a45b-7c1cb002384e","group_id":"c168e9c7-884c-4e3b-98d3-81485bd4c4fb","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-congo-usd-19-5-million-oil-sale-completed-da4b4011","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Congo USD 19.5 million oil sale completed","slug":"petronor-eandp-asa-congo-usd-19-5-million-oil-sale-completed-da4b4011","publish_date":"2023-07-06T06:00:00Z","html":"
provide the following update on the Congo operations related to the PNGF Sud
field complex.
For the first half of 2023 average gross production of 30,330 bopd has been
achieved (subject to final allocation adjustments). This is equivalent to 5,105
bopd net to PetroNor on a working interest basis and represents an increase of
16 % over the previous half year in 2022. Field performance is supported by
strong contributions from the six infill wells on Litanzi and Tchibeli NE
drilled in 2022.
As reported on 12 June, infill drilling restarted in late May 2023 with an
initial focus on the Tchibeli field. The programme is progressing ahead of
schedule with the first two wells now drilled to planned total depth and
currently being completed for production. First oil from these wells is expected
during August. An additional two infill wells on Tchibeli are planned to follow
this year.
As reported on 6 July, PetroNor lifted and sold 270,000 bbls (net entitlement
production) on 26 June 2023, bringing total sales for the year to 833,266 bbls.
The realised sales price was 72.1 USD/bbl. The Company will release its 1H
interim financial statements on 30 August 2023.
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, 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.
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.
Oslo, 6 July 2023: Further to the announcement of 12 June 2023, PetroNor E&P ASA","text":"Oslo, 6 July 2023: Further to the announcement of 12 June 2023, PetroNor E&P ASA\n(\"PetroNor\" or the \"Company\") is pleased to confirm the lifting and sale of\n270,000 bbls of entitlement production from PNGF Sud on 26 June 2023. The price\nrealised, based on an average over the following 5 days, was 72.1 USD/bbl,\ngenerating revenue of USD 19.5 million.\n\nTo date during 2023, the Company has sold 833,266 bbls of entitlement oil, at an\naverage price of 76.3 USD/bbl, equivalent to USD 63.6 million. This volume\nexceeds the total entitlement oil of 800,177 bbls sold in the whole of 2022 at\nan average price of 91.0 USD/bbl.\n\nPetroNor will provide a production update based on Q2 results on Monday, 10 July\n2023. The Company will release its 1H interim financial statements on 30 August\n2023. \n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria. \n\nUnder the terms of the PNGF Sud licences, a proportion of oil produced is used\nto pay royalties and tax to the Government. The remaining oil produced is\nconsidered \"entitlement oil\" that can be lifted by the Company and sold in the\nmarket.\n"},"extensions":{},"source":"ob"},{"news_id":"a9ddf65e-7cc8-5b18-b019-b50a16114596","group_id":"6117b9d1-0a0d-44a2-92df-01a6b7417977","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-farm-out-of-exploration-licences-in-guinea-bissau-for-up-to-usd-85-million-a9ddf65e","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNORo","XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:insider"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Farm-out of exploration licences in Guinea-Bissau for up to USD 85 million","slug":"petronor-eandp-asa-farm-out-of-exploration-licences-in-guinea-bissau-for-up-to-usd-85-million-a9ddf65e","publish_date":"2023-06-27T17:00:00Z","html":"
("PetroNor" or the "Company") is pleased to confirm the lifting and sale of
270,000 bbls of entitlement production from PNGF Sud on 26 June 2023. The price
realised, based on an average over the following 5 days, was 72.1 USD/bbl,
generating revenue of USD 19.5 million.
To date during 2023, the Company has sold 833,266 bbls of entitlement oil, at an
average price of 76.3 USD/bbl, equivalent to USD 63.6 million. This volume
exceeds the total entitlement oil of 800,177 bbls sold in the whole of 2022 at
an average price of 91.0 USD/bbl.
PetroNor will provide a production update based on Q2 results on Monday, 10 July
2023. The Company will release its 1H interim financial statements on 30 August
2023.
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.
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.
Oslo, 27 June 2023: PetroNor E&P AB, a wholly owned subsidiary of PetroNor E&P","text":"Oslo, 27 June 2023: PetroNor E&P AB, a wholly owned subsidiary of PetroNor E&P\nASA (\"PetroNor\"), has today entered into a binding agreement to farm-out 100 per\ncent of its participating interest in the two exploration licences offshore\nGuinea-Bissau to an SPV owned by Apus Energy DMCC, a subsidiary of Petromal. \n\nAccording to the agreement, which has an effective date of 1 January 2023,\nPetroNor will receive a payment of up to USD 85 million divided into a\ncontribution towards past licence costs of at least USD 25 million at completion\nof the transaction, and a further entitlement to two contingent earnout payments\nof USD 30 million each, subject to government approval of a field development\nplan and achievement of continuous production respectively.\n\n\"Today's agreement marks an important milestone for PetroNor and for\nGuinea-Bissau as completion of the transaction will add significantly to\nPetroNor's balance sheet and lead to the drilling of an exploration well during\nthe first half of 2024,\" says interim CEO Jens Pace. \n\nThe agreement involves the Sinapa (Block 2) and Esperança (Blocks 4A and 5A)\nlicences. The assets will be assigned to Apus Energia Guiné Bissau SA, which is\nowned by Apus Energy DMCC, a Dubai-based joint venture majority owned by\nPetromal LLC. \n\nPetromal LLC is the largest PetroNor shareholder, with an ownership of close to\n34 per cent of the shares. Since the transaction involves a related party, the\nnon-conflicted directors on the board have received an independent assessment\nfrom KWC AS of the fairness of the negotiated terms, which concludes that the\ntransaction is fair.\n\n\"We are happy to have worked with our largest shareholder to conclude this\ntransaction that will create value for all shareholders by strengthening our\nbalance sheet to put us one step closer on our pathway to paying dividends\"\nadded Pace.\n\nPetroNor E&P AB, which holds the Sinapa and Esperança licences was purchased\nfrom Svenska Petroleum Exploration AB in 2021, when PetroNor assumed\noperatorship and an interest of 78.57 per cent in both licences. In 2023, it was\nconfirmed that the remaining 21.43 per cent previously held by FAR Limited had\nbeen transferred to PetroNor.\n\nThe combined licences cover an area of 4,963 square kilometers. According to\nPetroNor estimates, the two main prospects, Atum and Anchova, represent mean\nun-risked prospective resources of 467 MMbbl.\n\nThe signature of the agreement was witnessed by a representative of Petroguin,\nthe national oil company of Guinea-Bissau. The transaction is expected to be\ncompleted in the second half of 2023 pending final government approval of a\nlicence extension, the assignment of interests and operatorship, and\nsatisfaction of certain other closing conditions customary for a transaction of\nthis kind.\n\nIn accordance with §3-19 of the Public Limited Liability Companies Act, the\nnon-conflicted board directors have prepared and signed an Announcement of the\nMaterial Agreement concluded between PetroNor E&P ASA's subsidiary PetroNor E&P\nAB and Apus Energy DMCC. This announcement is available on the company's\nwebsite: \n\nhttps://petronorep.com/investors/results-reports-presentations/ \n\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation and is subject to the disclosure requirements pursuant\nto section 5-12 the Norwegian Securities Trading Act.\n\nThis stock exchange announcement was published by Chris Butler, Group Financial\nController of PetroNor E&P ASA on 27 June 2023 at 19:00 CEST.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\n\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"a81d131c-eb45-566a-b024-64447948027c","group_id":"56afd4da-9023-4a65-b80b-f6d9973c4184","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-registration-of-reverse-share-split-a81d131c","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Registration of Reverse Share Split","slug":"petronor-eandp-asa-registration-of-reverse-share-split-a81d131c","publish_date":"2023-06-16T06:45:00Z","html":"
ASA ("PetroNor"), has today entered into a binding agreement to farm-out 100 per
cent of its participating interest in the two exploration licences offshore
Guinea-Bissau to an SPV owned by Apus Energy DMCC, a subsidiary of Petromal.
According to the agreement, which has an effective date of 1 January 2023,
PetroNor will receive a payment of up to USD 85 million divided into a
contribution towards past licence costs of at least USD 25 million at completion
of the transaction, and a further entitlement to two contingent earnout payments
of USD 30 million each, subject to government approval of a field development
plan and achievement of continuous production respectively.
"Today's agreement marks an important milestone for PetroNor and for
Guinea-Bissau as completion of the transaction will add significantly to
PetroNor's balance sheet and lead to the drilling of an exploration well during
the first half of 2024," says interim CEO Jens Pace.
The agreement involves the Sinapa (Block 2) and Esperança (Blocks 4A and 5A)
licences. The assets will be assigned to Apus Energia Guiné Bissau SA, which is
owned by Apus Energy DMCC, a Dubai-based joint venture majority owned by
Petromal LLC.
Petromal LLC is the largest PetroNor shareholder, with an ownership of close to
34 per cent of the shares. Since the transaction involves a related party, the
non-conflicted directors on the board have received an independent assessment
from KWC AS of the fairness of the negotiated terms, which concludes that the
transaction is fair.
"We are happy to have worked with our largest shareholder to conclude this
transaction that will create value for all shareholders by strengthening our
balance sheet to put us one step closer on our pathway to paying dividends"
added Pace.
PetroNor E&P AB, which holds the Sinapa and Esperança licences was purchased
from Svenska Petroleum Exploration AB in 2021, when PetroNor assumed
operatorship and an interest of 78.57 per cent in both licences. In 2023, it was
confirmed that the remaining 21.43 per cent previously held by FAR Limited had
been transferred to PetroNor.
The combined licences cover an area of 4,963 square kilometers. According to
PetroNor estimates, the two main prospects, Atum and Anchova, represent mean
un-risked prospective resources of 467 MMbbl.
The signature of the agreement was witnessed by a representative of Petroguin,
the national oil company of Guinea-Bissau. The transaction is expected to be
completed in the second half of 2023 pending final government approval of a
licence extension, the assignment of interests and operatorship, and
satisfaction of certain other closing conditions customary for a transaction of
this kind.
In accordance with §3-19 of the Public Limited Liability Companies Act, the
non-conflicted board directors have prepared and signed an Announcement of the
Material Agreement concluded between PetroNor E&P ASA's subsidiary PetroNor E&P
AB and Apus Energy DMCC. This announcement is available on the company's
website:
https://petronorep.com/investors/results-reports-presentations/
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Chris Butler, Group Financial
Controller of PetroNor E&P ASA on 27 June 2023 at 19:00 CEST.
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, 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.
Oslo, 16 June 2023: Reference is made to the stock exchange announcement made by","text":"Oslo, 16 June 2023: Reference is made to the stock exchange announcement made by\nPetroNor E&P ASA (the \"Company\")(OSE: PNOR) on 25 May 2023 regarding the\nCompany's general meeting resolving a reverse share split of the Company's\nshares in the ratio 10:1. \n\nThe reverse share split has now been registered with the Norwegian Register of\nBusiness Enterprises. Following such registration, the share capital of the\nCompany is NOK 1,423,568.55 divided into 142,356,855 shares, each with a nominal\nvalue of NOK 0.01. \n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"ad50e33f-459f-5624-b5b5-aac1db6aabbe","group_id":"05bdb154-cb82-4b03-b8d0-96e32063d721","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-ex-reverse-share-split-today-ad50e33f","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0012942525","NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR","XOSL:PNORo"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Ex. Reverse Share Split Today","slug":"petronor-eandp-asa-ex-reverse-share-split-today-ad50e33f","publish_date":"2023-06-15T06:00:00Z","html":"
PetroNor E&P ASA (the "Company")(OSE: PNOR) on 25 May 2023 regarding the
Company's general meeting resolving a reverse share split of the Company's
shares in the ratio 10:1.
The reverse share split has now been registered with the Norwegian Register of
Business Enterprises. Following such registration, the share capital of the
Company is NOK 1,423,568.55 divided into 142,356,855 shares, each with a nominal
value of NOK 0.01.
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, 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.
Oslo, 15 June 2023","text":"Oslo, 15 June 2023\n\nIssuer name: PetroNor E&P ASA\nEx. date: 15 June 2023\nType of corporate action: reverse share split\nOther information: reverse split ratio - ten (10) old shares give one (1) new\nshare. New par value of NOK 0.01 per share and new ISIN NO0012942525. \n\nThis information is published in accordance with the requirements of the\nContinuing Obligations.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"7c1b9fed-08e2-515c-b99d-e37fbfad1c8e","group_id":"0ed7d7b9-a7ae-45e3-9e20-ffa5543412c8","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-key-information-relating-to-the-reverse-share-split-and-change-of-isin-7c1b9fed","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Key Information Relating to the Reverse Share Split and Change of ISIN","slug":"petronor-eandp-asa-key-information-relating-to-the-reverse-share-split-and-change-of-isin-7c1b9fed","publish_date":"2023-06-13T04:30:00Z","html":"
Issuer name: PetroNor E&P ASA
Ex. date: 15 June 2023
Type of corporate action: reverse share split
Other information: reverse split ratio - ten (10) old shares give one (1) new
share. New par value of NOK 0.01 per share and new ISIN NO0012942525.
This information is published in accordance with the requirements of the
Continuing Obligations.
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, 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.
Oslo, 13 June 2023","text":"Oslo, 13 June 2023\n\nPlease note the following key information for the reverse share split:\n\nDate on which the corporate action was made public: 25 May 2023\nReverse split ratio: ten (10) old shares give one (1) new share\nLast day including right: 14 June 2023\nEx-date: 15 June 2023\nRecord date: 16 June 2023\nDate of approval: 12 June 2023\n\nIn connection with the reverse share split, PetroNor E&P ASA's shares will be\ntransferred to a new ISIN. \n\nPlease note the following key information for the change of ISIN:\n\nIssuer: PetroNor E&P ASA\nPrevious ISIN: NO0011157232\nNew ISIN: NO0012942525\nDate of ISIN change: 15 June 2023\n\nThis information is published in accordance with the requirements of the\nContinuing Obligations.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"ff2684b5-9fc9-5ee2-b714-0e3602306287","group_id":"281ca284-0fff-4cbe-bacc-7de4ee382ffb","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-registration-of-share-capital-increase-ff2684b5","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Registration of Share Capital Increase","slug":"petronor-eandp-asa-registration-of-share-capital-increase-ff2684b5","publish_date":"2023-06-08T11:30:00Z","html":"
Please note the following key information for the reverse share split:
Date on which the corporate action was made public: 25 May 2023
Reverse split ratio: ten (10) old shares give one (1) new share
Last day including right: 14 June 2023
Ex-date: 15 June 2023
Record date: 16 June 2023
Date of approval: 12 June 2023
In connection with the reverse share split, PetroNor E&P ASA's shares will be
transferred to a new ISIN.
Please note the following key information for the change of ISIN:
Issuer: PetroNor E&P ASA
Previous ISIN: NO0011157232
New ISIN: NO0012942525
Date of ISIN change: 15 June 2023
This information is published in accordance with the requirements of the
Continuing Obligations.
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, 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.
Oslo, 8 June 2023: Reference is made to the resolution made by the general","text":"Oslo, 8 June 2023: Reference is made to the resolution made by the general\nmeeting of PetroNor E&P ASA (the \"Company\") (OSE: PNOR) on 25 May 2023 to\nincrease the share capital by NOK 0.007 by issuance of seven (7) new shares,\neach with a par value of NOK 0.001.\n\nThe share capital increase of NOK 0.007 has today been registered with the\nNorwegian Register of Business Enterprises. Following such registration, the\nshare capital of the Company is NOK 1,423,568.55 divided into 1,423,568,550\nshares, each with a par value of NOK 0.001.\n\nThe share capital increase shall facilitate the consolidation of the Company's\nshares (reverse share split) by way of 10 existing shares, each of par value NOK\n0.001, being consolidated to one share with par value NOK 0.01.\n\nThis information is published in accordance with the requirements of the\nContinuing Obligations.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"dc5dcf8f-8335-52c7-b336-7ea27fb5e0c4","group_id":"f7261edd-0021-4348-b663-506ed5eb5a95","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-minutes-from-the-annual-general-meeting-held-on-25-may-2023-dc5dcf8f","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Minutes from the Annual General Meeting held on 25 May 2023","slug":"petronor-eandp-asa-minutes-from-the-annual-general-meeting-held-on-25-may-2023-dc5dcf8f","publish_date":"2023-05-25T11:15:00Z","html":"
meeting of PetroNor E&P ASA (the "Company") (OSE: PNOR) on 25 May 2023 to
increase the share capital by NOK 0.007 by issuance of seven (7) new shares,
each with a par value of NOK 0.001.
The share capital increase of NOK 0.007 has today been registered with the
Norwegian Register of Business Enterprises. Following such registration, the
share capital of the Company is NOK 1,423,568.55 divided into 1,423,568,550
shares, each with a par value of NOK 0.001.
The share capital increase shall facilitate the consolidation of the Company's
shares (reverse share split) by way of 10 existing shares, each of par value NOK
0.001, being consolidated to one share with par value NOK 0.01.
This information is published in accordance with the requirements of the
Continuing Obligations.
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, 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.
Oslo, 25 May 2023: The annual general meeting ("AGM") of PetroNor E&P ASA (OSE","text":"Oslo, 25 May 2023: The annual general meeting (\"AGM\") of PetroNor E&P ASA (OSE\nticker: PNOR, the \"Company\") was held today, 25 May 2023. All resolutions\nproposed to the AGM were adopted.\n\nFurther, the general meeting resolved to increase the share capital by NOK 0.007\nthrough the issuance of 7 new shares and to consolidate the shares in the ratio\nof 10:1 (reverse split), whereby 10 existing shares, each with a nominal value\nof NOK 0.001, shall be consolidated to one share with a nominal value of NOK\n0.01. \n\nThe minutes of the AGM are attached to this announcement and can also be found\non the Company's website www.petronorep.com. \n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\nThis information is subject to the disclosure requirements pursuant to section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"e2da3d5d-d215-5805-9f69-9f1484bcc310","group_id":"4a2fe624-f89f-40f3-992c-770dd4b7865e","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-notice-of-annual-general-meeting-25-may-2023-e2da3d5d","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm","sub:ci:gm:notice"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Notice of Annual General Meeting 25 May 2023","slug":"petronor-eandp-asa-notice-of-annual-general-meeting-25-may-2023-e2da3d5d","publish_date":"2023-05-04T09:30:00Z","html":"
ticker: PNOR, the "Company") was held today, 25 May 2023. All resolutions
proposed to the AGM were adopted.
Further, the general meeting resolved to increase the share capital by NOK 0.007
through the issuance of 7 new shares and to consolidate the shares in the ratio
of 10:1 (reverse split), whereby 10 existing shares, each with a nominal value
of NOK 0.001, shall be consolidated to one share with a nominal value of NOK
0.01.
The minutes of the AGM are attached to this announcement and can also be found
on the Company's website www.petronorep.com.
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, 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.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
PetroNor E&P ASA: Notice of Annual General Meeting 25 May 2023","text":"PetroNor E&P ASA: Notice of Annual General Meeting 25 May 2023\n\nOslo, 4 May 2023: The annual general meeting of PetroNor E&P ASA (OSE ticker:\nPNOR, \"PetroNor\") will be held Tuesday 25 May 2023 at 10:00 CEST. The meeting\nwill be held virtually through the facilities of Lumi.\n\nThe notice of the annual general meeting is attached to this announcement. The\nnotice and enclosures may also be found at: www.petronorep.com.\n\nIt follows from the notice that the board proposes to carry out a reverse stock\nsplit in the ratio 10:1 whereby ten existing shares, each with a nominal value\nof NOK 0.001, will give one share with a nominal value of NOK 0.01. The purpose\nis to comply with Oslo Børs' continuing obligations for listed companies in\nrelation to minimum share price. \n\nShareholders participating must go to the following website:\nhttps://web.lumiagm.com and enter the Meeting ID 140-456-820. Shareholders that\nwish to participate in the general meeting must register their participation by\n4 PM (CEST) on 23 May 2023. Information about registration and participation is\nfurther described in the notice.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\nwww.petronorep.com \n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n\nThis information is subject to the disclosure requirements pursuant to section\n5-12 of the Norwegian Securities Trading Act.\n"},"extensions":{},"source":"ob"},{"news_id":"23d9dbf2-d03c-593d-9ed5-1a31ad44599c","group_id":"1edf5099-0b51-4365-af8b-d3f559237fbd","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-annual-report-2022-23d9dbf2","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim","sub:report:interim:q4"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Annual Report 2022","slug":"petronor-eandp-asa-annual-report-2022-23d9dbf2","publish_date":"2023-04-28T13:30:00Z","html":"
Oslo, 4 May 2023: The annual general meeting of PetroNor E&P ASA (OSE ticker:
PNOR, "PetroNor") will be held Tuesday 25 May 2023 at 10:00 CEST. The meeting
will be held virtually through the facilities of Lumi.
The notice of the annual general meeting is attached to this announcement. The
notice and enclosures may also be found at: www.petronorep.com.
It follows from the notice that the board proposes to carry out a reverse stock
split in the ratio 10:1 whereby ten existing shares, each with a nominal value
of NOK 0.001, will give one share with a nominal value of NOK 0.01. The purpose
is to comply with Oslo Børs' continuing obligations for listed companies in
relation to minimum share price.
Shareholders participating must go to the following website:
https://web.lumiagm.com and enter the Meeting ID 140-456-820. Shareholders that
wish to participate in the general meeting must register their participation by
4 PM (CEST) on 23 May 2023. Information about registration and participation is
further described in the notice.
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, 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.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Oslo, 28 April 2023: PetroNor E&P ASA today releases its annual report for 2022","text":"Oslo, 28 April 2023: PetroNor E&P ASA today releases its annual report for 2022\nincluding financial statements for the Group and the Company.\n\nThe annual report is attached and available in two formats, pdf and European\nSingle Electronic Format (ESEF). The annual report can also be obtained from the\nCompany's website\nhttps://petronorep.com/investors/results-reports-presentations/.\n\nThis announcement is made pursuant to section 5-12 of the Securities Trading\nAct.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"115252ed-1b3f-5f11-b8f3-ab0ef8396226","group_id":"75e77b81-7757-4366-9824-b3e2b815acb3","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-production-increase-of-47-per-cent-year-on-year-in-q1-2023-115252ed","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Production increase of 47 per cent year-on-year in Q1 2023","slug":"petronor-eandp-asa-production-increase-of-47-per-cent-year-on-year-in-q1-2023-115252ed","publish_date":"2023-04-13T05:00:00Z","html":"
including financial statements for the Group and the Company.
The annual report is attached and available in two formats, pdf and European
Single Electronic Format (ESEF). The annual report can also be obtained from the
Company's website
https://petronorep.com/investors/results-reports-presentations/.
This announcement is made pursuant to section 5-12 of the Securities Trading
Act.
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.
Oslo, 13 April 2023: PetroNor E&P ASA (OSE ticker: "PNOR") is pleased to","text":"Oslo, 13 April 2023: PetroNor E&P ASA (OSE ticker: \"PNOR\") is pleased to\nannounce a net average production of 5,206 bopd* in the first quarter of 2023,\nrepresenting an 11 per cent increase compared with 4,688 bopd in the previous\nquarter. This improvement is driven by investment in new well capacity and\ncontinued good performance from the PNGF Sud field complex in Congo over the\npast year which has delivered growth of 47 per cent versus the production rate\nof 3,530 bopd achieved during the corresponding period of 2022.\n\nAt the end of March, the Company had a crude oil stock of 285,960 bbls which\nallowed for the lifting and sale of 260,362 bbl from the Djeno Terminal on 1\nApril 2023, generating USD 21.2 million of cash with a realised price of USD\n81.4 /bbl.\n\nDuring 2023 to date, PetroNor has lifted and sold 578,266 bbl of oil with an\naverage price of USD 78.3 /bbl. This volume is equivalent to 72 per cent of the\ntotal oil lifted in 2022 and 70 per cent of the oil lifted in 2021.\n\n*Preliminary production allocations (PetroNor holds an indirect ownership\ninterest of 16.83 per cent).\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"c9cef546-c22c-56bf-82d0-a55b844732b9","group_id":"b10e1a8c-3068-4d52-96e0-d8ee74c6946b","url":"https://mfn.se/ob/a/petronor-eandp/pnor-financial-calendar-c9cef546","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Financial calendar","slug":"pnor-financial-calendar-c9cef546","publish_date":"2023-04-12T11:24:06Z","html":"
announce a net average production of 5,206 bopd* in the first quarter of 2023,
representing an 11 per cent increase compared with 4,688 bopd in the previous
quarter. This improvement is driven by investment in new well capacity and
continued good performance from the PNGF Sud field complex in Congo over the
past year which has delivered growth of 47 per cent versus the production rate
of 3,530 bopd achieved during the corresponding period of 2022.
At the end of March, the Company had a crude oil stock of 285,960 bbls which
allowed for the lifting and sale of 260,362 bbl from the Djeno Terminal on 1
April 2023, generating USD 21.2 million of cash with a realised price of USD
81.4 /bbl.
During 2023 to date, PetroNor has lifted and sold 578,266 bbl of oil with an
average price of USD 78.3 /bbl. This volume is equivalent to 72 per cent of the
total oil lifted in 2022 and 70 per cent of the oil lifted in 2021.
*Preliminary production allocations (PetroNor holds an indirect ownership
interest of 16.83 per cent).
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.
Financial calendar for PetroNor E&P ASA","text":"Financial calendar for PetroNor E&P ASA\n\nFINANCIAL YEAR 2022\n\n28.04.2023 - Annual Report\n\n\n\nFINANCIAL YEAR 2023\n\n30.08.2023 - Half-yearly Report\n25.04.2024 - Annual Report\n25.05.2023 - Annual General Meeting\n\n\n\nFINANCIAL YEAR 2024\n\n29.05.2024 - Annual General Meeting\n\n\n\n\nInterim financial statements for the half-year period 1 July 2023 to 31 December\n2023 will be released on 21 February 2024.\n\nWith reference to the financial calendar advised on 9 January 2023, only the\nrelease date for the Annual Report 2022 has been amended by three days.\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"d2bca26d-75fc-5d64-8211-b5e113ca41ad","group_id":"fae41057-baca-4761-a14c-ad5532c0ad3f","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-sale-of-pngf-sud-crude-oil-d2bca26d","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Sale of PNGF Sud Crude Oil","slug":"petronor-eandp-asa-sale-of-pngf-sud-crude-oil-d2bca26d","publish_date":"2023-04-05T04:30:00Z","html":"
FINANCIAL YEAR 2022
28.04.2023 - Annual Report
FINANCIAL YEAR 2023
30.08.2023 - Half-yearly Report
25.04.2024 - Annual Report
25.05.2023 - Annual General Meeting
FINANCIAL YEAR 2024
29.05.2024 - Annual General Meeting
Interim financial statements for the half-year period 1 July 2023 to 31 December
2023 will be released on 21 February 2024.
With reference to the financial calendar advised on 9 January 2023, only the
release date for the Annual Report 2022 has been amended by three days.
This information is published pursuant to the requirements set out in the
Continuing obligations.
Oslo, 5 April 2023: PetroNor E&P ASA (the "Company") is pleased to confirm that","text":"Oslo, 5 April 2023: PetroNor E&P ASA (the \"Company\") is pleased to confirm that\n260,884 bbl were lifted from the Djeno Terminal on 1 April 2023. \n\nThe Company will update the market once the realised selling price is confirmed.\n\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"3db3a587-2712-538a-8bfc-f429e770d727","group_id":"50490d90-44ba-4fea-a6e7-dd09e378db71","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-company-update-regarding-recent-media-article-3db3a587","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Company update regarding recent media article","slug":"petronor-eandp-asa-company-update-regarding-recent-media-article-3db3a587","publish_date":"2023-03-02T11:00:00Z","html":"
260,884 bbl were lifted from the Djeno Terminal on 1 April 2023.
The Company will update the market once the realised selling price is confirmed.
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.
Oslo, 2 March 2023: Reference is made to the news article published on","text":"Oslo, 2 March 2023: Reference is made to the news article published on\nInvestigate Europe and in Finansavisen today, 2 March 2023, in which PetroNor\nE&P ASA (\"the Company\") is mentioned.\n\nReference is made to stock exchange announcements issued by the Company 15 and\n16 December 2021, 11 April 2022 and 22 February 2023. In these announcements,\nPetroNor E&P has confirmed that the National Authority for Investigation and\nProsecution of Economic and Environmental Crime in Norway (Økokrim) in December\n2021 opened investigations into criminal charges and allegations of corruption\nbrought against individuals related to the Company. In April 2022, the U.S.\nDepartment of Justice opened a separate investigation into these allegations.\n\nPetroNor E&P takes compliance very seriously and continues to cooperate fully\nwith authorities in order to facilitate an efficient completion of the\ninvestigations. As previously announced, no criminal charges have been brought\nagainst PetroNor E&P ASA nor any of its Group companies.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"28cc3283-105c-5fe6-ace1-f34f4079986d","group_id":"129183cb-e991-41fb-bb7b-6140a5c0e698","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-interim-financial-report-for-the-half-year-ended-31-december-2022-28cc3283","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:report","sub:report:interim"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Interim financial report for the half-year ended 31 December 2022","slug":"petronor-eandp-asa-interim-financial-report-for-the-half-year-ended-31-december-2022-28cc3283","publish_date":"2023-02-22T05:30:00Z","html":"
Investigate Europe and in Finansavisen today, 2 March 2023, in which PetroNor
E&P ASA ("the Company") is mentioned.
Reference is made to stock exchange announcements issued by the Company 15 and
16 December 2021, 11 April 2022 and 22 February 2023. In these announcements,
PetroNor E&P has confirmed that the National Authority for Investigation and
Prosecution of Economic and Environmental Crime in Norway (Økokrim) in December
2021 opened investigations into criminal charges and allegations of corruption
brought against individuals related to the Company. In April 2022, the U.S.
Department of Justice opened a separate investigation into these allegations.
PetroNor E&P takes compliance very seriously and continues to cooperate fully
with authorities in order to facilitate an efficient completion of the
investigations. As previously announced, no criminal charges have been brought
against PetroNor E&P ASA nor any of its Group companies.
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.
Oslo, 22 February 2023: Half-year revenue of USD 108.5 million, compared to USD","text":"Oslo, 22 February 2023: Half-year revenue of USD 108.5 million, compared to USD\n58.3 million in the same period of 2021, was generated as a result of higher oil\nprices combined with more volumes sold. At the entry of 2023, added production\ncapacity from the ongoing infill drilling programme has resulted in achieving\nproduction levels not seen for over a decade.\n\nPetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud\nin Congo, which is the company's core production licence. Total field gross\nproduction from this asset amounted to 26,142 bopd in the second half of 2022,\ncorresponding to a net working interest production to PetroNor E&P of 4,440\nbopd, compared with 3,634 bopd for 1H 2022 and 3,553 bopd in 2H 2021.\n\n\"During 2022, the ongoing infill drilling programme on PNGF Sud field added\ncapacity and is achieving production levels above expectation. Following the\ninitial success on the Litanzi Field, the addition of the two wells on Tchibeli\nNE have meant that December 2022 and January 2023 average production net to\nPetroNor E&P was consistently greater than 5,241 bopd,\" says interim CEO Jens\nPace.\n \nThe well infill drilling program on PNGF Sud has now been paused temporarily and\nis expected to resume towards the end of Q2 2023.\n\nA total of 800,177 bbls were sold in 2022, at an average realised price of USD\n90.99 /bbl. For the full-year period, total revenue of USD 145.3 million (2021:\nUSD 106.5 million) was generated, driven by higher oil prices. This gave EBITDA\nof USD 95.8 million for the year ended 31 December 2022, compared to USD 61.9\nmillion profit in the same period in 2021.\n\nAfter year-end, the board was expanded with two new directors through the\nappointments of Mrs. Azza Fawzi and Mr. Jarle Norman-Hansen.\n\n\"We have had a positive start to 2023, with the sale of 317 thousand barrels of\noil at the start of February, generating a cash inflow of USD 24.1 million.\nAnother lifting is planned before the end of April 2023. The company continues\nto work to finalise elements of the Aje transaction with the operator, YFP.\nMeanwhile work progresses on the Aje field re-development plan as a gas field\nwith partners and potential off-takers,\" Pace concludes.\n \nPlease find enclosed the interim financial report and presentation material for\nthe half-year ended 31 December 2022.\n \nInterim CEO Jens Pace will present the results in a webcast Wednesday, 22\nFebruary at 09:00 CET.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20230222_2/\n\nA recording of the event will be made available on the Company's website after\nthe webcast.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"788b8727-2c7e-5a34-92c0-b5dfad2b1ff1","group_id":"b0099d3a-5dfb-440b-95c5-0236eb5dc6bb","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-invitation-to-presentation-of-the-second-half-year-results-2022-wednesday-22-february-2023-788b8727","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm","sub:ci:gm:notice"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Invitation to presentation of the second half-year results 2022, Wednesday, 22 February 2023","slug":"petronor-eandp-asa-invitation-to-presentation-of-the-second-half-year-results-2022-wednesday-22-february-2023-788b8727","publish_date":"2023-02-20T11:30:00Z","html":"
58.3 million in the same period of 2021, was generated as a result of higher oil
prices combined with more volumes sold. At the entry of 2023, added production
capacity from the ongoing infill drilling programme has resulted in achieving
production levels not seen for over a decade.
PetroNor E&P holds an indirect ownership interest of 16.83 per cent in PNGF Sud
in Congo, which is the company's core production licence. Total field gross
production from this asset amounted to 26,142 bopd in the second half of 2022,
corresponding to a net working interest production to PetroNor E&P of 4,440
bopd, compared with 3,634 bopd for 1H 2022 and 3,553 bopd in 2H 2021.
"During 2022, the ongoing infill drilling programme on PNGF Sud field added
capacity and is achieving production levels above expectation. Following the
initial success on the Litanzi Field, the addition of the two wells on Tchibeli
NE have meant that December 2022 and January 2023 average production net to
PetroNor E&P was consistently greater than 5,241 bopd," says interim CEO Jens
Pace.
The well infill drilling program on PNGF Sud has now been paused temporarily and
is expected to resume towards the end of Q2 2023.
A total of 800,177 bbls were sold in 2022, at an average realised price of USD
90.99 /bbl. For the full-year period, total revenue of USD 145.3 million (2021:
USD 106.5 million) was generated, driven by higher oil prices. This gave EBITDA
of USD 95.8 million for the year ended 31 December 2022, compared to USD 61.9
million profit in the same period in 2021.
After year-end, the board was expanded with two new directors through the
appointments of Mrs. Azza Fawzi and Mr. Jarle Norman-Hansen.
"We have had a positive start to 2023, with the sale of 317 thousand barrels of
oil at the start of February, generating a cash inflow of USD 24.1 million.
Another lifting is planned before the end of April 2023. The company continues
to work to finalise elements of the Aje transaction with the operator, YFP.
Meanwhile work progresses on the Aje field re-development plan as a gas field
with partners and potential off-takers," Pace concludes.
Please find enclosed the interim financial report and presentation material for
the half-year ended 31 December 2022.
Interim CEO Jens Pace will present the results in a webcast Wednesday, 22
February at 09:00 CET.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20230222_2/
A recording of the event will be made available on the Company's website after
the webcast.
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.
Oslo, 20 February 2023: PetroNor E&P ASA (OSE ticker: "PNOR", the "Company")","text":"Oslo, 20 February 2023: PetroNor E&P ASA (OSE ticker: \"PNOR\", the \"Company\")\nwill announce its results for the second half-year of 2022 on Wednesday, 22\nFebruary 2023. \n\nThe interim report and the presentation material will be published on\nwww.newsweb.no and on the Company's website www.petronorep.com at around 06:30\nCET.\n\nAt 09:00 CET on the same day, interim CEO Jens Pace will present the results in\na webcast.\n\nThe presentation and subsequent Q&A session will be held in English and may be\nviewed live at:\nhttps://channel.royalcast.com/landingpage/hegnarmedia/20230222_2/\n\nA recording of the event will be made available on the Company's website after\nthe webcast.\n\nFor additional information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\nwww.petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria\n"},"extensions":{},"source":"ob"},{"news_id":"454c25b3-2740-5e19-b6ed-37dd73264c2c","group_id":"51be872d-0c3d-42a6-9717-1f60d819982b","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-sale-of-pngf-sud-oil-generating-a-cash-inflow-of-usd-24-1-million-454c25b3","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Sale of PNGF Sud oil generating a cash inflow of USD 24.1 million","slug":"petronor-eandp-asa-sale-of-pngf-sud-oil-generating-a-cash-inflow-of-usd-24-1-million-454c25b3","publish_date":"2023-02-17T17:30:00Z","html":"
will announce its results for the second half-year of 2022 on Wednesday, 22
February 2023.
The interim report and the presentation material will be published on
www.newsweb.no and on the Company's website www.petronorep.com at around 06:30
CET.
At 09:00 CET on the same day, interim CEO Jens Pace will present the results in
a webcast.
The presentation and subsequent Q&A session will be held in English and may be
viewed live at:
https://channel.royalcast.com/landingpage/hegnarmedia/20230222_2/
A recording of the event will be made available on the Company's website after
the webcast.
For additional 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, 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
Oslo, 17 February 2023: PetroNor E&P ASA ("PetroNor" or the "Company") confirms","text":"Oslo, 17 February 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") confirms\nthat the 317,904 bbl that were lifted from the Djeno Terminal as announced on 8\nFebruary 2023, generated a cash inflow of USD 24.1 million at a realised price\nof USD 75.89 per barrel.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"27209853-3752-540a-91a4-47ea875c9e03","group_id":"36e357c8-02f8-40c2-aaa9-e23c5ef8c87e","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-first-sale-of-pngf-sud-oil-for-2023-27209853","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: First sale of PNGF Sud oil for 2023","slug":"petronor-eandp-asa-first-sale-of-pngf-sud-oil-for-2023-27209853","publish_date":"2023-02-08T06:00:00Z","html":"
that the 317,904 bbl that were lifted from the Djeno Terminal as announced on 8
February 2023, generated a cash inflow of USD 24.1 million at a realised price
of USD 75.89 per barrel.
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.
Oslo, 8 February 2023: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased","text":"Oslo, 8 February 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") is pleased\nto confirm that 317,904 bbl were lifted from the Djeno Terminal at the start of\nthis week. (An amount equivalent to 40% of the total bbl lifted during 2022.) \n\nThe Company will update the market once the realised selling price is confirmed,\nwhich will be based on the average spot price for a five-day period after the\nlifting and adjusted for a crude price discount to Brent and lifting costs. \n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"fdbbd35b-4336-5868-8c4e-13b979fcb05a","group_id":"5cce2502-57b7-4cc6-9c35-bd82a0e8e3d4","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-resolutions-approved-at-extraordinary-general-meeting-held-on-26-january-2023-fdbbd35b","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Resolutions approved at Extraordinary General Meeting held on 26 January 2023","slug":"petronor-eandp-asa-resolutions-approved-at-extraordinary-general-meeting-held-on-26-january-2023-fdbbd35b","publish_date":"2023-01-26T11:30:00Z","html":"
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.
Oslo, 26 January 2023: PetroNor E&P ASA (OSE ticker: PNOR, the "Company"),","text":"Oslo, 26 January 2023: PetroNor E&P ASA (OSE ticker: PNOR, the \"Company\"),\nannounces the results of its Extraordinary General Meeting (\"AGM\") held today,\n26 January 2023. All resolutions proposed to the EGM were adopted.\n\nThe minutes of the EGM are attached to this announcement and can also be found\non the\nCompany's website www.petronorep.com.\n\nThis information is subject to the disclosure requirements pursuant to section\n5-12 of the Norwegian Securities Trading Act.\n\nFor further information, please contact:\n\nInvestor Relations\nEmail: ir@petronorep.com www.petronorep.com\n\nAbout PetroNor E&P ASA\n\nPetroNor E&P is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P holds\nexploration and production assets offshore West Africa, specifically the PNGF\nSud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"25a197e7-06f5-593c-bde6-bb96d8757ad9","group_id":"8331158c-38b6-4e7e-b807-b404c6c094c8","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-amendment-to-the-agenda-for-the-extraordinary-general-meeting-25a197e7","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Amendment to the agenda for the Extraordinary General Meeting","slug":"petronor-eandp-asa-amendment-to-the-agenda-for-the-extraordinary-general-meeting-25a197e7","publish_date":"2023-01-20T05:00:00Z","html":"
announces the results of its Extraordinary General Meeting ("AGM") held today,
26 January 2023. All resolutions proposed to the EGM were adopted.
The minutes of the EGM are attached to this announcement and can also be found
on the
Company's website www.petronorep.com.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com www.petronorep.com
About PetroNor E&P ASA
PetroNor E&P is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P 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.
Oslo, 20 January 2023: PetroNor E&P ASA ("PetroNor" or the "Company"), refers to","text":"Oslo, 20 January 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\"), refers to\nthe announcement of 4 January 2023 for the Extraordinary General Meeting to be\nheld on 26 January 2023 at 10:00 AM (CET).\n\nThe Board has reconsidered the proposed reversed share split and has decided\nthat this shall be dealt in conjunction with the planned AGM on 25 May 2023. The\nBoard has therefore decided to withdraw item 7 from the proposed agenda of the\nExtraordinary General Meeting. The remaining items on the agenda will be dealt\nwith pursuant to the notice of meeting.\n\nThis information is subject to the disclosure requirements pursuant to section\n5-12 of the Norwegian Securities Trading Act.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com www.petronorep.com\n\nAbout PetroNor E&P\nPetroNor E&P is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P holds\nexploration and production assets offshore West Africa, specifically the PNGF\nSud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"67563bcb-468f-514c-9db4-3f00070288e6","group_id":"69493063-90ba-4d09-87c2-87f144d45f75","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-q4-2022-pngf-sud-production-increase-to-a-decade-high-67563bcb","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Q4 2022 PNGF Sud production increase to a decade high","slug":"petronor-eandp-asa-q4-2022-pngf-sud-production-increase-to-a-decade-high-67563bcb","publish_date":"2023-01-11T05:00:00Z","html":"
the announcement of 4 January 2023 for the Extraordinary General Meeting to be
held on 26 January 2023 at 10:00 AM (CET).
The Board has reconsidered the proposed reversed share split and has decided
that this shall be dealt in conjunction with the planned AGM on 25 May 2023. The
Board has therefore decided to withdraw item 7 from the proposed agenda of the
Extraordinary General Meeting. The remaining items on the agenda will be dealt
with pursuant to the notice of meeting.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com www.petronorep.com
About PetroNor E&P
PetroNor E&P is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P 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.
Oslo, 11 January 2023: Average working interest production for PetroNor E&P ASA","text":"Oslo, 11 January 2023: Average working interest production for PetroNor E&P ASA\n(OSE ticker: \"PNOR\") increased to 4,700* bopd in the fourth quarter of 2022,\ncompared with 4,100 bopd in the previous quarter and 3,700 bopd in the\ncorresponding period of 2021. PetroNor's December production was 5,100* bopd.\nThe improvement is driven by added capacity from the ongoing infill drilling\nprogramme on the PNGF Sud field complex which is achieving production levels not\nseen for over a decade.\n \nFollowing initial success on the Litanzi Field, particular emphasis in the last\nquarter was on Tchibeli NE, where production was added from two wells in both\nthe main Cenomanian reservoir and the newly discovered pre-salt Vanji reservoir\nlate November, yielding production contribution to the quarter.\n\nLooking forward, the infill drilling program will be paused to allow the jack-up\nrig, Petrofor Dagda, to be converted to a permanent production platform. Infill\ndrilling will resume on the Tchibeli field using the jack-up rig Axima,\nscheduled to start in April 2023.\n\nPetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in\nCongo, which is the Company's core production licence. Total gross field\nproduction from this asset amounted to 23,930* bopd in 2022, corresponding to an\naverage working interest production to PetroNor of 4,030* bopd.\n\nAt year-end, the Company had a crude oil stock of more than 240,000 bbls (Q4\n2021: 24,235 bbls).\n \nAs previously communicated, a total of 800,177 bbls were lifted during the\nfourth quarter, of which 466,116 bbls were lifted in October at a realised price\nof USD 92.41/bbl and 334,061 bbls during November at a realised price of USD\n89/bbl. The latter was completed by the PNGF Sud operator on 12 November in\nsettlement of outstanding billings.\n\nThe next lifting has been agreed with the Djeno Terminal operator and is\ncurrently being scheduled at the end of January 2023 for approximately 317,000\nbbls. The final lifting volume and realised selling price will be notified to\nthe market immediately after it has been communicated to the Company, normally a\nfew days after lifting has been completed.\n\n\"We are pleased to finish 2022 with a strong operational performance and an exit\nproduction rate which bodes well for the start of 2023. The infill drilling\nprogramme continues to progress above expectations, including the recent\naddition of Tchibeli NE and its pre-salt discovery,\" says interim CEO Jens Pace.\n\nThe full account of production (including final allocation) will be presented in\nthe interim report for the second half of the year.\n\n*Final production allocation for the months of October and November, preliminary\nproduction allocation for December.\n\nFor further information, please contact:\nInvestor Relations \nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"cda77f42-ae08-5bae-b592-45e2133cfdfc","group_id":"fb49f389-af17-4f85-8ca2-01e87766b8f0","url":"https://mfn.se/ob/a/petronor-eandp/pnor-financial-calendar-cda77f42","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:calendar"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Financial calendar","slug":"pnor-financial-calendar-cda77f42","publish_date":"2023-01-09T21:38:22Z","html":"
(OSE ticker: "PNOR") increased to 4,700* bopd in the fourth quarter of 2022,
compared with 4,100 bopd in the previous quarter and 3,700 bopd in the
corresponding period of 2021. PetroNor's December production was 5,100* bopd.
The improvement is driven by added capacity from the ongoing infill drilling
programme on the PNGF Sud field complex which is achieving production levels not
seen for over a decade.
Following initial success on the Litanzi Field, particular emphasis in the last
quarter was on Tchibeli NE, where production was added from two wells in both
the main Cenomanian reservoir and the newly discovered pre-salt Vanji reservoir
late November, yielding production contribution to the quarter.
Looking forward, the infill drilling program will be paused to allow the jack-up
rig, Petrofor Dagda, to be converted to a permanent production platform. Infill
drilling will resume on the Tchibeli field using the jack-up rig Axima,
scheduled to start in April 2023.
PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in
Congo, which is the Company's core production licence. Total gross field
production from this asset amounted to 23,930* bopd in 2022, corresponding to an
average working interest production to PetroNor of 4,030* bopd.
At year-end, the Company had a crude oil stock of more than 240,000 bbls (Q4
2021: 24,235 bbls).
As previously communicated, a total of 800,177 bbls were lifted during the
fourth quarter, of which 466,116 bbls were lifted in October at a realised price
of USD 92.41/bbl and 334,061 bbls during November at a realised price of USD
89/bbl. The latter was completed by the PNGF Sud operator on 12 November in
settlement of outstanding billings.
The next lifting has been agreed with the Djeno Terminal operator and is
currently being scheduled at the end of January 2023 for approximately 317,000
bbls. The final lifting volume and realised selling price will be notified to
the market immediately after it has been communicated to the Company, normally a
few days after lifting has been completed.
"We are pleased to finish 2022 with a strong operational performance and an exit
production rate which bodes well for the start of 2023. The infill drilling
programme continues to progress above expectations, including the recent
addition of Tchibeli NE and its pre-salt discovery," says interim CEO Jens Pace.
The full account of production (including final allocation) will be presented in
the interim report for the second half of the year.
*Final production allocation for the months of October and November, preliminary
production allocation for December.
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.
Financial calendar for PetroNor E&P ASA","text":"Financial calendar for PetroNor E&P ASA\n\nFINANCIAL YEAR 2022\n\n25.04.2023 - Annual Report\n\n\n\nFINANCIAL YEAR 2023\n\n30.08.2023 - Half-yearly Report\n25.04.2024 - Annual Report\n25.05.2023 - Annual General Meeting\n\n26.01.2023 - Extraordinary General Meeting\n\n\nFINANCIAL YEAR 2024\n\n29.05.2024 - Annual General Meeting\n\n\n\n\nInterim financial statements for the half-year period 1 July 2022 to 31 December\n2022 will be released on 22 February 2023.\n\nInterim financial statements or the half-year period 1 July 2023 to 31 December\n2023 will be released on 21 February 2024.\n\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations.\n"},"extensions":{},"source":"ob"},{"news_id":"6948569b-e765-5d20-88fc-cd97c166be0b","group_id":"3a3761d3-ab79-4ea9-932f-7c70ca2443ec","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-proposal-for-amendment-of-and-appointment-to-the-board-and-notice-of-extraordinary-general-meeting-6948569b","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory","sub:ci","sub:ci:gm","sub:ci:gm:notice"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Proposal for amendment of and appointment to the Board and Notice of Extraordinary General Meeting","slug":"petronor-eandp-asa-proposal-for-amendment-of-and-appointment-to-the-board-and-notice-of-extraordinary-general-meeting-6948569b","publish_date":"2023-01-04T07:00:00Z","html":"
FINANCIAL YEAR 2022
25.04.2023 - Annual Report
FINANCIAL YEAR 2023
30.08.2023 - Half-yearly Report
25.04.2024 - Annual Report
25.05.2023 - Annual General Meeting
26.01.2023 - Extraordinary General Meeting
FINANCIAL YEAR 2024
29.05.2024 - Annual General Meeting
Interim financial statements for the half-year period 1 July 2022 to 31 December
2022 will be released on 22 February 2023.
Interim financial statements or the half-year period 1 July 2023 to 31 December
2023 will be released on 21 February 2024.
This information is published pursuant to the requirements set out in the
Continuing obligations.
Oslo, 4 January 2023: PetroNor E&P ASA ("PetroNor" or the "Company"), announces","text":"Oslo, 4 January 2023: PetroNor E&P ASA (\"PetroNor\" or the \"Company\"), announces\nan Extraordinary General Meeting to take place on 26 January 2023 at 10:00 AM\n(CET). \n\nProposed appointment of two new Directors to the Board\n\nPursuant to recommendation from the nomination committee, the Board is proposing\nto expand the Board of PetroNor with two new Directors, Mrs. Azza Fawzi and Mr.\nJarle Norman-Hansen, taking the Company's Board to a total of six Directors. \n\nMrs. Fawzi is a former Shell finance executive where she worked in various\ncapacities in Qatar, Nigeria, Brazil, US Gulf of Mexico and Mexico. She is an\ninternational oil and gas finance executive with global board, audit and\nexecutive leadership experience. \n\nMr. Norman-Hansen has more than 30 years of experience from the Nordic property\nand capital markets overseeing acquisitions and asset management of multibillion\ninvestments as well as acting as advisor to many of Scandinavia's largest real\nestate capital markets transactions. Mr. Norman-Hansen is a current shareholder\nof PetroNor through his company Ambolt.\n\nThe proposed new candidates are considered to be independent of the Company's\nexecutive management, material business contacts and main shareholders (being\nshareholders holding more than 10% of the shares in the Company).\n\nProposal for a Reverse Share Split\n\nThe Board is furthermore proposing a reverse share split in the ratio 2:1 in\norder to meet the Oslo Børs' requirements of a minimum share value of NOK 1 per\nshare. The Company will issue a separate stock exchange announcement at a later\ndate with the key dates for the share consolidation once such dates are\nestablished.\n\nThe formal notice of the Extraordinary General Meeting is attached to this\nannouncement and can be found on the Company's website at www.petronorep.com.\n\nShareholders participating must go to the following website:\nhttps://web.lumiagm.com and enter the Meeting ID: 113-380-813. Detailed\ninstructions on how to access the online meeting are included in the notice of\nmeeting.\n\nShareholders must pre-register their attendance prior to the Extraordinary\nGeneral Meeting. To register their attendance, shareholders receiving the notice\nof meeting in the post shall follow the link:\nhttps://investor.vps.no/gm/logOn.htm?token=dc6f6c378132f2452e1eb744bf1852dae49e1\n6cb&validTo=1677315600000&oppdragsId=20221223VPO045U0, while shareholders\nreceiving the notice of meeting electronically can also register their\nattendance through investor services.\n\nThis information is subject to the disclosure requirements pursuant to section\n5-12 of the Norwegian Securities Trading Act.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com www.petronorep.com\n\nAbout PetroNor E&P\nPetroNor E&P is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P holds\nexploration and production assets offshore West Africa, specifically the PNGF\nSud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria.\n"},"extensions":{},"source":"ob"},{"news_id":"cb259461-719b-5a95-9132-186bde87f199","group_id":"3435d006-7174-4256-8eb4-ce210bd6c928","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-next-lifting-confirmed-and-drilling-success-results-in-increased-production-capacity-cb259461","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Next lifting confirmed and drilling success results in increased production capacity","slug":"petronor-eandp-asa-next-lifting-confirmed-and-drilling-success-results-in-increased-production-capacity-cb259461","publish_date":"2022-12-05T05:30:00Z","html":"
an Extraordinary General Meeting to take place on 26 January 2023 at 10:00 AM
(CET).
Proposed appointment of two new Directors to the Board
Pursuant to recommendation from the nomination committee, the Board is proposing
to expand the Board of PetroNor with two new Directors, Mrs. Azza Fawzi and Mr.
Jarle Norman-Hansen, taking the Company's Board to a total of six Directors.
Mrs. Fawzi is a former Shell finance executive where she worked in various
capacities in Qatar, Nigeria, Brazil, US Gulf of Mexico and Mexico. She is an
international oil and gas finance executive with global board, audit and
executive leadership experience.
Mr. Norman-Hansen has more than 30 years of experience from the Nordic property
and capital markets overseeing acquisitions and asset management of multibillion
investments as well as acting as advisor to many of Scandinavia's largest real
estate capital markets transactions. Mr. Norman-Hansen is a current shareholder
of PetroNor through his company Ambolt.
The proposed new candidates are considered to be independent of the Company's
executive management, material business contacts and main shareholders (being
shareholders holding more than 10% of the shares in the Company).
Proposal for a Reverse Share Split
The Board is furthermore proposing a reverse share split in the ratio 2:1 in
order to meet the Oslo Børs' requirements of a minimum share value of NOK 1 per
share. The Company will issue a separate stock exchange announcement at a later
date with the key dates for the share consolidation once such dates are
established.
The formal notice of the Extraordinary General Meeting is attached to this
announcement and can be found on the Company's website at www.petronorep.com.
Shareholders participating must go to the following website:
https://web.lumiagm.com and enter the Meeting ID: 113-380-813. Detailed
instructions on how to access the online meeting are included in the notice of
meeting.
Shareholders must pre-register their attendance prior to the Extraordinary
General Meeting. To register their attendance, shareholders receiving the notice
of meeting in the post shall follow the link:
https://investor.vps.no/gm/logOn.htm?token=dc6f6c378132f2452e1eb744bf1852dae49e1
6cb&validTo=1677315600000&oppdragsId=20221223VPO045U0, while shareholders
receiving the notice of meeting electronically can also register their
attendance through investor services.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com www.petronorep.com
About PetroNor E&P
PetroNor E&P is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P 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.
Oslo, 5 December 2022: PetroNor E&P ASA ("PetroNor or the Company"), is pleased","text":"Oslo, 5 December 2022: PetroNor E&P ASA (\"PetroNor or the Company\"), is pleased\nto announce that the second lifting this year of 334,061 bbls of PetroNor's\nentitlement was lifted and realised a price based on an average for Djeno crude\nduring November of $89/bbl. The lifting was completed by the PNGF Sud operator\non 12 November in settlement of outstanding billings. The next lifting has been\nagreed with the Djeno Terminal operator and is currently being scheduled in\nearly 2023.\n\nAs previously communicated, the last two of the four planned Litanzi wells were\nbrought onstream during August. Litanzi daily production averaged more than\n7,870 bopd during October and November producing significantly better than\nexpectations.\n\nThe rig has now completed drilling the two Tchibeli NE development production\nwells which were brought online last week. One well includes an additional\nexploration target in an identified deeper pre-salt structure which has\nencountered an oil column of 75 metres in the Vandji sandstones. The Vandji\nexploration target is currently flowing 37 API oil at 1,300 bopd. Results from\nthe well will be evaluated to understand the future potential of this discovery.\nThe second well is currently flowing 38 API oil at circa 2,500 bopd from the\nCenomanian, expected to increase in the coming week\n\n\"We are pleased to see that the infill drilling programme is progressing well\nand is yielding even better results than expected and a new discovery. With the\nadded capacity from these new wells, the total daily gross field production\nduring December will be close to 30,000 bopd, corresponding to a net to PetroNor\nproduction of 5,000 bopd,\" says interim CEO Jens Pace.\n\nPetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in\nCongo, which is the Company's core production licence. Total gross field\nproduction from this asset amounted to 26,670 bopd during October and November\nof 2022, corresponding to a net working interest production to PetroNor of 4,490\nbopd (preliminary production allocation).\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria."},"extensions":{},"source":"ob"},{"news_id":"78f032d4-120f-58b2-bf0d-8734b55f420a","group_id":"00708b69-ed6d-4790-8f1c-2834b6a8c634","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-petroleum-exploration-development-and-production-licence-agreement-signed-in-the-gambia-78f032d4","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Petroleum, Exploration, Development and Production Licence Agreement signed in The Gambia","slug":"petronor-eandp-asa-petroleum-exploration-development-and-production-licence-agreement-signed-in-the-gambia-78f032d4","publish_date":"2022-11-18T07:30:00Z","html":"
to announce that the second lifting this year of 334,061 bbls of PetroNor's
entitlement was lifted and realised a price based on an average for Djeno crude
during November of $89/bbl. The lifting was completed by the PNGF Sud operator
on 12 November in settlement of outstanding billings. The next lifting has been
agreed with the Djeno Terminal operator and is currently being scheduled in
early 2023.
As previously communicated, the last two of the four planned Litanzi wells were
brought onstream during August. Litanzi daily production averaged more than
7,870 bopd during October and November producing significantly better than
expectations.
The rig has now completed drilling the two Tchibeli NE development production
wells which were brought online last week. One well includes an additional
exploration target in an identified deeper pre-salt structure which has
encountered an oil column of 75 metres in the Vandji sandstones. The Vandji
exploration target is currently flowing 37 API oil at 1,300 bopd. Results from
the well will be evaluated to understand the future potential of this discovery.
The second well is currently flowing 38 API oil at circa 2,500 bopd from the
Cenomanian, expected to increase in the coming week
"We are pleased to see that the infill drilling programme is progressing well
and is yielding even better results than expected and a new discovery. With the
added capacity from these new wells, the total daily gross field production
during December will be close to 30,000 bopd, corresponding to a net to PetroNor
production of 5,000 bopd," says interim CEO Jens Pace.
PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in
Congo, which is the Company's core production licence. Total gross field
production from this asset amounted to 26,670 bopd during October and November
of 2022, corresponding to a net working interest production to PetroNor of 4,490
bopd (preliminary production allocation).
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.
Oslo, 18 November 2022: PetroNor E&P ASA ("PetroNor or the Company") is pleased","text":"Oslo, 18 November 2022: PetroNor E&P ASA (\"PetroNor or the Company\") is pleased\nto provide the following update regarding its A4 licence option in The Gambia.\n\nOn 19 October 2022, PetroNor announced that it had received, from the Government\nof The Gambia, a 30-day extension to the longstop date of the licence option.\nFollowing positive discussions with the Government, PetroNor today announces\nthat it has decided to exercise its right to continue with the Petroleum,\nExploration, Development and Production Licence Agreement (\"PEPLA\") for the A4\nlicence in The Gambia.\n\nPetroNor and Gambia National Petroleum Corporation (\"GNPC\") have also signed a\nJoint Operating Agreement (\"JOA\") for the A4 Licence offshore Gambia. GNPC, as\nGovernment licensee, has been assigned a 10 per cent participating interest in\nthe license. The JOA defines the operational boundaries of the PetroNor - GNPC\nrelationship.\n\nThe terms of the PEPLA have been amended to allow the Company to phase\ncommitments via an extended Initial Exploration Period of three years which is\nsplit into two phases of 18 months each. This allows time for additional\nde-risking technical work prior to commitment to exploration drilling in the\nsecond phase. Signature of the PEPLA commits the Company to a signature bonus of\nUSD 1 million and a minimum work program of USD 1.5 million in the first\n18-month phase. PetroNor will have the option to continue the licence after the\nfirst phase and commit to drilling a well in the following 18-month phase.\n\n\"The PetroNor exploration team have been consistent and passionate advocates for\nthe potential of this part of the Atlantic margin. It is the Company's strategy\nto form a strong partnership with others to explore the identified prospects.\nEncouraging interest received from third parties has supported our discussions\nwith the government of The Gambia to phase commitments and help make the licence\nmore attractive as a farm-in opportunity. It is our shared objective that these\nefforts will lead to a future drilling program,\" says interim CEO, Jens Pace.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licences in Congo Brazzaville, the A4 licence in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria."},"extensions":{},"source":"ob"},{"news_id":"9f8c69be-7253-5787-98e5-55c06fb855b6","group_id":"072c6d18-f715-4ced-bdd7-b37d53e32be1","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-lifting-of-pngf-sud-oil-generating-a-cash-inflow-of-usd-43-1-million-9f8c69be","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Lifting of PNGF Sud oil generating a cash inflow of USD 43.1 million","slug":"petronor-eandp-asa-lifting-of-pngf-sud-oil-generating-a-cash-inflow-of-usd-43-1-million-9f8c69be","publish_date":"2022-11-04T05:30:00Z","html":"
to provide the following update regarding its A4 licence option in The Gambia.
On 19 October 2022, PetroNor announced that it had received, from the Government
of The Gambia, a 30-day extension to the longstop date of the licence option.
Following positive discussions with the Government, PetroNor today announces
that it has decided to exercise its right to continue with the Petroleum,
Exploration, Development and Production Licence Agreement ("PEPLA") for the A4
licence in The Gambia.
PetroNor and Gambia National Petroleum Corporation ("GNPC") have also signed a
Joint Operating Agreement ("JOA") for the A4 Licence offshore Gambia. GNPC, as
Government licensee, has been assigned a 10 per cent participating interest in
the license. The JOA defines the operational boundaries of the PetroNor - GNPC
relationship.
The terms of the PEPLA have been amended to allow the Company to phase
commitments via an extended Initial Exploration Period of three years which is
split into two phases of 18 months each. This allows time for additional
de-risking technical work prior to commitment to exploration drilling in the
second phase. Signature of the PEPLA commits the Company to a signature bonus of
USD 1 million and a minimum work program of USD 1.5 million in the first
18-month phase. PetroNor will have the option to continue the licence after the
first phase and commit to drilling a well in the following 18-month phase.
"The PetroNor exploration team have been consistent and passionate advocates for
the potential of this part of the Atlantic margin. It is the Company's strategy
to form a strong partnership with others to explore the identified prospects.
Encouraging interest received from third parties has supported our discussions
with the government of The Gambia to phase commitments and help make the licence
more attractive as a farm-in opportunity. It is our shared objective that these
efforts will lead to a future drilling program," says interim CEO, Jens Pace.
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 licences in Congo Brazzaville, the A4 licence in The Gambia, the Sinapa
(Block 2) and Esperança (Blocks 4A and 5A) licences in Guinea-Bissau, the
Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in
arbitration) and OML-113 in Nigeria.
Oslo, 4 November 2022: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased","text":"Oslo, 4 November 2022: PetroNor E&P ASA (\"PetroNor\" or the \"Company\") is pleased\nto confirm that 466,116 bbl were lifted from the Djeno Terminal as planned\nduring the last week of October at a realised price of USD 92.41/bbl.\n\nThe realised selling price is based on the average spot price for a period which\nincluded several days after the lifting, and was confirmed to the Company today.\nAdjusted for a crude price discount to Brent and lifting costs, this generates a\ncash inflow of approximately USD 43.1 million to the Company.\n\nSeparately, the Company announced on 11 October 2022 the transfer of 334,061 bbl\nof oil stock entitlement to the PNGF Sud operator in settlement of outstanding\nbillings. The indicative price used to determine the quantity of barrels for\nthis arrangement was USD 95.00/bbl. Although the number of barrels is fixed, the\nprice per barrel will be adjusted to the actual spot price when this oil\nentitlement is physically lifted by the PNGF Sud operator, scheduled for later\nthis month.\n\nTogether, these two arrangements will realise the benefit of selling 800,177 bbl\nfor the year to date period, at an expected average selling price of USD\n93.49/bbl. Last year, a total of 831,089 bbl were lifted at an average selling\nprice of USD 69.31/bbl. The Company will update the market once the price for\nthe settlement-in-kind barrels is confirmed.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria."},"extensions":{},"source":"ob"},{"news_id":"1b808e9d-1d90-5bff-a3c7-3dc9caa3b9e2","group_id":"dc8743c6-c098-43b9-9aca-2cea68219587","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-one-month-extension-of-longstop-date-in-the-gambia-1b808e9d","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: One month Extension of Longstop Date in the Gambia","slug":"petronor-eandp-asa-one-month-extension-of-longstop-date-in-the-gambia-1b808e9d","publish_date":"2022-10-19T04:30:00Z","html":"
to confirm that 466,116 bbl were lifted from the Djeno Terminal as planned
during the last week of October at a realised price of USD 92.41/bbl.
The realised selling price is based on the average spot price for a period which
included several days after the lifting, and was confirmed to the Company today.
Adjusted for a crude price discount to Brent and lifting costs, this generates a
cash inflow of approximately USD 43.1 million to the Company.
Separately, the Company announced on 11 October 2022 the transfer of 334,061 bbl
of oil stock entitlement to the PNGF Sud operator in settlement of outstanding
billings. The indicative price used to determine the quantity of barrels for
this arrangement was USD 95.00/bbl. Although the number of barrels is fixed, the
price per barrel will be adjusted to the actual spot price when this oil
entitlement is physically lifted by the PNGF Sud operator, scheduled for later
this month.
Together, these two arrangements will realise the benefit of selling 800,177 bbl
for the year to date period, at an expected average selling price of USD
93.49/bbl. Last year, a total of 831,089 bbl were lifted at an average selling
price of USD 69.31/bbl. The Company will update the market once the price for
the settlement-in-kind barrels is confirmed.
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.
Oslo, 19 October 2022: PetroNor E&P ASA ("PetroNor" or "the Company"), the","text":"Oslo, 19 October 2022: PetroNor E&P ASA (\"PetroNor\" or \"the Company\"), the\nindependent oil and gas exploration and production company with a focus on\nsub-Saharan Africa, is pleased to provide the following update regarding its A4\nLicense option in The Gambia.\n\nOn 19 October 2021, PetroNor announced that it had received, from the Government\nof The Gambia, a one-year extension to the Longstop date of the Licence option\nuntil 19 October 2022 to enable the Company to progress its ongoing discussions\nwith potential partners.\n\nFollowing positive discussions with the Government, PetroNor today announces\nthat it has received an additional thirty (30) day extension to the Longstop\ndate of the A4 Licence option in order to provide time for finalisation of plans\nregarding the future of the A4 Licence. The Company looks forward to providing\nan update within this time frame.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria."},"extensions":{},"source":"ob"},{"news_id":"3416c9bf-227f-5d96-947c-6f6ccb9197bc","group_id":"60a163d7-5114-477a-b3b4-5a091d181dd8","url":"https://mfn.se/ob/a/petronor-eandp/petronor-eandp-asa-operational-update-for-q3-2022-3416c9bf","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":[":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PetroNor E&P ASA: Operational Update for Q3 2022","slug":"petronor-eandp-asa-operational-update-for-q3-2022-3416c9bf","publish_date":"2022-10-11T04:00:00Z","html":"
independent oil and gas exploration and production company with a focus on
sub-Saharan Africa, is pleased to provide the following update regarding its A4
License option in The Gambia.
On 19 October 2021, PetroNor announced that it had received, from the Government
of The Gambia, a one-year extension to the Longstop date of the Licence option
until 19 October 2022 to enable the Company to progress its ongoing discussions
with potential partners.
Following positive discussions with the Government, PetroNor today announces
that it has received an additional thirty (30) day extension to the Longstop
date of the A4 Licence option in order to provide time for finalisation of plans
regarding the future of the A4 Licence. The Company looks forward to providing
an update within this time frame.
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.
Oslo, 11 October 2022: In the third quarter of 2022, the average net production","text":"Oslo, 11 October 2022: In the third quarter of 2022, the average net production\nto PetroNor E&P ASA (OSE ticker: \"PNOR\") was increased to 4,130 bopd*, resulting\nfrom the benefits of the infill drilling programme on the PNGF Sud license in\nCongo which raised daily net production to over 5,000 bopd during September.\n\nPetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in\nCongo, which is the Company's core production licence. Total gross field\nproduction from this asset amounted to 24,539 bopd in the third quarter of 2022,\ncorresponding to an average net production to PetroNor of 4,130 bopd*.\n\nAt the end of the third quarter, a high volume of crude oil stock of 712,422\nbbls (Q3 2021: 108,917 bbls) has built up due to no liftings thus far this year.\nThe crude oil inventory of USD 21.9 million is valued at cost of USD 30.68/bbl,\nwhile the market value of the oil inventory at 30 September would be\napproximately USD 65.5 million using a brent price/bbl of USD 92.00. PetroNor\nhas agreed to transfer 334,061 bbl of oil stock entitlement to the PNGF Sud\noperator in settlement of outstanding billings and a lifting is scheduled for\nlate October for the remaining available oil stock.\n\nAs no liftings were made in the third quarter, no revenue from sales of\npetroleum products has been recognised for this period.\n\nAs communicated in the half-year report, the last two of the four planned\nLitanzi wells were brought onstream during August. Litanzi daily production\naveraged more than 10,000 bopd during September producing significantly better\nthan expectations. The rig is currently drilling the two Tchibeli NE development\nproduction wells targeting a Cenomanian discovery. One of these wells contain an\nadditional exploration target in an identified deeper pre-salt structure with\nthe potential of adding further reserves if successful. Both wells are scheduled\nto come onstream in the fourth quarter.\n\n\"We are pleased to report the significant additional Litanzi production in the\nthird quarter and that drilling is well underway on Tchibeli NE with the\npotential of adding further production in the fourth quarter. We are working\nwith Djeno terminal operators towards the objective that all available\nentitlement production for the year is lifted during the fourth quarter,\" says\ninterim CEO Jens Pace.\n\nThe full account of production (including final allocation) will be presented in\nthe interim report for the second half of the year.\n\n*Final production allocation for the months of July and August, preliminary\nproduction allocation for September.\n\nFor further information, please contact:\nInvestor Relations\nEmail: ir@petronorep.com\n\nAbout PetroNor E&P ASA\nPetroNor E&P ASA is an Africa-focused independent oil and gas exploration and\nproduction company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA\nholds exploration and production assets offshore West Africa, specifically the\nPNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa\n(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the\nRufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in\narbitration) and OML-113 in Nigeria."},"extensions":{},"source":"ob"},{"news_id":"08d1be62-2413-5251-a6eb-37dbfba8db89","group_id":"d95a30e6-a94d-4eea-9e7c-02b18214e71e","url":"https://mfn.se/ob/a/petronor-eandp/pnor-financial-calendar-08d1be62","author":{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]},"subjects":[{"entity_id":"41f7e4b4-de94-4c50-8f0d-33bfbf425f0f","slug":"petronor-eandp","slugs":["african-petroleum-corporation","petronor-eandp"],"name":"PetroNor E&P","isins":["NO0011157232"],"leis":["261700UAD5KVK8MV7J59"],"tickers":["XOSL:PNOR"]}],"properties":{"lang":"en","tags":["sub:ci","sub:ci:calendar",":regulatory"],"type":"ir","scopes":["NO"]},"content":{"title":"PNOR: Financial calendar","slug":"pnor-financial-calendar-08d1be62","publish_date":"2022-09-22T08:07:47Z","html":"
to PetroNor E&P ASA (OSE ticker: "PNOR") was increased to 4,130 bopd*, resulting
from the benefits of the infill drilling programme on the PNGF Sud license in
Congo which raised daily net production to over 5,000 bopd during September.
PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in
Congo, which is the Company's core production licence. Total gross field
production from this asset amounted to 24,539 bopd in the third quarter of 2022,
corresponding to an average net production to PetroNor of 4,130 bopd*.
At the end of the third quarter, a high volume of crude oil stock of 712,422
bbls (Q3 2021: 108,917 bbls) has built up due to no liftings thus far this year.
The crude oil inventory of USD 21.9 million is valued at cost of USD 30.68/bbl,
while the market value of the oil inventory at 30 September would be
approximately USD 65.5 million using a brent price/bbl of USD 92.00. PetroNor
has agreed to transfer 334,061 bbl of oil stock entitlement to the PNGF Sud
operator in settlement of outstanding billings and a lifting is scheduled for
late October for the remaining available oil stock.
As no liftings were made in the third quarter, no revenue from sales of
petroleum products has been recognised for this period.
As communicated in the half-year report, the last two of the four planned
Litanzi wells were brought onstream during August. Litanzi daily production
averaged more than 10,000 bopd during September producing significantly better
than expectations. The rig is currently drilling the two Tchibeli NE development
production wells targeting a Cenomanian discovery. One of these wells contain an
additional exploration target in an identified deeper pre-salt structure with
the potential of adding further reserves if successful. Both wells are scheduled
to come onstream in the fourth quarter.
"We are pleased to report the significant additional Litanzi production in the
third quarter and that drilling is well underway on Tchibeli NE with the
potential of adding further production in the fourth quarter. We are working
with Djeno terminal operators towards the objective that all available
entitlement production for the year is lifted during the fourth quarter," says
interim CEO Jens Pace.
The full account of production (including final allocation) will be presented in
the interim report for the second half of the year.
*Final production allocation for the months of July and August, preliminary
production allocation for September.
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.
Financial calendar for PetroNor E&P ASA","text":"Financial calendar for PetroNor E&P ASA\n\nFINANCIAL YEAR 2022\n\n25.04.2023 - Annual Report\n\n15.02.2023 - Quarterly Report - Q4\n\nThe financial calendar has been updated, and no interim financial statements\nwill be released for the third quarter ended 30 September 2022.\nHowever, the Company will still provide an operational update for this 3-month\nperiod.\nThe interim financial statements scheduled for release on 15 February 2023 will\nnow cover the half-year period 1 July 2022 to 31 December 2022.\n\nThis information is published pursuant to the requirements set out in the\nContinuing obligations."},"extensions":{},"source":"ob"}]}
FINANCIAL YEAR 2022
25.04.2023 - Annual Report
15.02.2023 - Quarterly Report - Q4
The financial calendar has been updated, and no interim financial statements
will be released for the third quarter ended 30 September 2022.
However, the Company will still provide an operational update for this 3-month
period.
The interim financial statements scheduled for release on 15 February 2023 will
now cover the half-year period 1 July 2022 to 31 December 2022.
This information is published pursuant to the requirements set out in the
Continuing obligations.