16 September 2021

PetroNor E&P Limited
("PetroNor" or the "Company")

Gambia Update 

Preliminary Extension of Longstop Date

PetroNor (OSE ticker: "PNOR"), the independent oil and gas exploration and
production company with a focus on sub-Saharan Africa, is pleased to provide the
following update regarding its A4 license in The Gambia. 

As set out in the announcement on 19 September 2020, in which the Company
announced a settlement agreement with The Gambia resulting in the reinstatement
of the A4 license to PetroNor, the Company had a period of one year, ending 18
September 2021, to process data and progress farm-out discussions. PetroNor
today announces that it has received from the Government a thirty (30) day
extension to the Longstop date of the Licence. The Company now awaits the
Government's response to its request for a full year extension to the Longstop
date, which will enable the Company to progress its ongoing discussions with
potential partners.

*****

For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com

Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000

About PetroNor 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 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).

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