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Regulatory press release

PetroNor E&P ASA: Sale of PNGF Sud oil generating a cash inflow of USD 24.1 million

PetroNor E&P
Oslo, 17 February 2023: PetroNor E&P ASA ("PetroNor" or the "Company") confirms
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.
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