Petrolia NOCO AS (PNO) is pleased to announce a new discovery in the Brage field (PL 055), where the company holds a 12.2575% interest.

The discovery was made while drilling the A-15 D production well in Q4 2025. On the way to the reservoir, a 38.5-meter column of hydrocarbons was encountered. Preliminary calculations indicate additional gross recoverable reserves of 3.1 to 9.4 million barrels of oil equivalent (boe) if the discovery is oil, and 2.5 to 5.7 million boe if the discovery is gas.
  
The partners in Brage (PL 055) are operator OKEA ASA (35.2%), Lime Petroleum AS (33.8434%), DNO Norge AS (14.2567%), Petrolia NOCO AS (12.2575%) and M Vest Energy AS (4.4424%).

Contact:
Erik von Krogh, CFO
+47 930 38 075