Oslo, 15 February 2022: PetroNor E&P Limited (OSE ticker: "PNOR") (the
"Company", and together with its consolidated subsidiaries, "PetroNor") is on
track with the process to change domicile from Australia to Norway and be
admitted to listing on the Oslo Stock Exchange main list ("Oslo Børs").
Following the change of domicile, PetroNor E&P ASA ("PetroNor Norway") will be
the ultimate parent of PetroNor and become the listed entity. Reference is made
to the press releases published in relation to PetroNor's contemplated
re-domicile to Norway on each of 11 February 2022, 28 January 2022, 16 December
2022, 9 December 2022, 8 December 2022, 2 December 2022, 29 November 2021, 16
November 2021, 29 October 2021 and 27 October 2021.
  
In relation to the contemplated re-domicile, and in order to transfer all of the
shares held by the Company's shareholders to PetroNor Norway and comply with
Australian court and legal requirements, the last day of trading of the shares
in PetroNor is expected to be Thursday 17 February 2022. This means that after
close of trade on 17 February 2022, no further trading in the Company is
expected to take place (the "Stop in Trading"). The shares in the Company are
subsequently expected to be delisted on 23 February 2022 (the "Delisting"). The
Stop in Trading and Delisting are subject to PetroNor Norway's listing
application being approved by Oslo Børs' listing committee (expected 16 February
2022) and the Australian court's approval of the Scheme (expected 17 February
2022).
 
Holders of shares in PetroNor at the end of trading 17 February 2022, as
evidenced by the VPS register on 21 February 2022 (the "Record Date"), will be
eligible to receive one share in PetroNor Norway for each share registered with
VPS on the Record Date. Effectively, this means that shareholders as at the
record date will exchange their shares in PetroNor trading on Euronext Expand
with an equal number of shares in PetroNor Norway trading on the main list of
Oslo Børs. Shareholders are informed that no further actions by shareholders are
required for this exchange to take place. The shares in PetroNor Norway are
expected to commence trading on Oslo Børs from 28 February 2022 (the "Listing
Date").
 
The new shares in PetroNor Norway will be delivered to the VPS accounts of the
shareholders (either personal accounts or through nominee arrangements) as at
the Record Date as soon as practically possible after registration of such
shares in the Norwegian Register of Business Enterprises. The new shares in
PetroNor Norway will not be tradeable on Oslo Børs before the Listing Date.

The above is subject to the Australian scheme of arrangement being successfully
completed (expected on or about 24 February 2022).

Set out below is an indicative timeline of the re-domicile process. Separate
stock exchange releases will be announced in connection with each of these
milestones:

16 February 2022	Oslo Børs Listing Committee Meeting and conditional approval of
listing application for PetroNor Norway
17 February 2022	Australian Court approval of the Scheme
17 February 2022	Last day of trading of the PetroNor shares after close of
business
23 February 2022	Delisting of shares in PetroNor Australia
24 February 2022	Implementation of Scheme
24 February 2022	Extraordinary general meeting for PetroNor Norway to resolve to
issue shares to shareholders registered with VPS on the Record Date 
25 February 2022	Issue of shares in PetroNor Norway registered and delivered to
VPS accounts 
At the latest prior to 08:00 on the Listing Date	Publication of PetroNor Norway
prospectus
28 February 2022	PetroNor Norway Shares commence trading on Oslo Børs (Listing
Date)

All dates are indicative only. PetroNor has the right to vary any or all of
these dates and times, subject to the approval of such variation by the Court in
Australia and PetroNor Norway, where required. When the term "shares" are used
above as a description of the current securities of PetroNor, it is a reference
to the depository receipts trading on Euronext Expand. 

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P Limited
PetroNor E&P Limited is an Africa-focused independent oil and gas exploration
and production company listed on Oslo Euronext Expand with the ticker PNOR.
PetroNor E&P Limited 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 (subject to completion).