Oslo ,30 December 2021 :PetroNor E&P Limited (OSE ticker: "PNOR", the "Company"), 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 per cent of the shares inPan Petroleum Aje Limited ("Aje") (the "Transaction"). The long-stop date was extended to the31 December 2021 per the announcement on30 November 2021 . However, the process of obtaining statutory government approvals continues to take longer than expected. As such the Company and Panoro have agreed a further one-month extension to the long-stop date. The amended long-stop date to complete the Transaction is now31 January 2022 . All other terms and conditions of the Transaction remain unchanged. For further information, please contact:Jens Pace , Interim Chief Executive OfficerChris Butler , Group Financial Controller info@petronorep.com AboutPetroNor E&P Limited PetroNor E&P Limited is anAfrica -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 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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