30 June 2021 PetroNor E&P Limited ("PetroNor " or the "Company") PetroNor Announces Further Extension of Long Stop Date for Purchase of AjePetroNor (OSE ticker: "PNOR"), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, announces that the Company andPanoro Energy ASA ("Panoro") have agreed on a further extension of the completion long stop date for the previously announced purchase of Panoro's fully-owned subsidiaries that hold 100% of the shares inPan Petroleum Aje Limited ("Pan Aje ") (the "Transaction"). The original date was initially extended to the30 June 2021 per the announcement on31 December 2020 . However, due to persistent challenges related to the COVID-19 pandemic, the progress has taken longer than expected. As such the Company and Panoro have agreed a three month extension to gain the required authorisation of theNigerian Department of Petroleum Resources and the consent of the Nigerian Minister ofPetroleum Resources to complete the transaction. The amended long stop date to complete the Transaction is now30 September 2021 . All other terms and conditions of the Transaction remain unchanged. ***** For further information, please contact: Knut Søvold, Chief Executive OfficerChris Butler , Group Financial Controller info@petronorep.com Media Contacts:Buchanan Ben Romney Tel: +44 207 466 5000 AboutPetroNor E&P PetroNor E&P Limited is a sub-Saharan focused independent oil and gas exploration and production company listed on Oslo Euronext Expand with the ticker PNOR.PetroNor 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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