PETRONOR E&P ASA Oslo ,15 March 2022 :PetroNor E&P ASA ("the Company") is continuing with farm-down efforts in order to secure a new partner for the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licence group inGuinea-Bissau . Having acquired a 78.57 per cent operating interest in these licences through the acquisition ofSPE Guinea Bissau AB last year, the Company remains very positive about maturing and drilling the high impact Cretaceous shelf margin Atum prospect within the Sinapa Licence. This is directly analogous to the Woodside operated Sangomar development inSenegal .PetroNor E&P takes note ofFAR Limited's ASX announcement dated15th March 2022 advising ofFAR Limited's intention to withdraw from its interests in thePetroNor E&P operated Sinapa and Esperança exploration licences. In its capacity as operator of the Sinapa and Esperança licencesPetroNor E&P is awaiting formal correspondence regarding the intended withdrawal. For additional information, please contact: Investor Relations Email: ir@petronorep.com www.petronorep.com AboutPetroNor E&P ASA PetroNor E&P ASA is anAfrica -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 offshoreWest Africa , specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in TheGambia , the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses inGuinea-Bissau , the Rufisque Offshore Profond and Senegal Offshore Sud Profond inSenegal (in arbitration) and OML-113 inNigeria (subject to completion).
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