Bergen, 25 August 2025

Petrolia NOCO AS (PNO) is pleased to announce that it has made commercial oil discoveries in the Talisker exploration well, located in the Brage field (PL 055), where the company holds a 12.2575% interest.

The discoveries were made in the Cook and Statfjord formations, with total preliminary gross recoverable resources estimated to 16 - 33 million barrels of oil equivalents (mmboe).
 
The Talisker exploration well (31/4-A-15 B) was drilled from the Brage platform in the North Sea to a total length of 10 223 meters. Preliminary estimates of gross recoverable resources are 2 – 7 mmboe in the Cook formation and 14 – 26 mmboe in the Statfjord formation. In addition, hydrocarbons were encountered in two thin sandstones in the Brent group which will be further appraised by the upcoming well paths, expected completed during Q4 2025.

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