PETRONOR E&P ASA Oslo ,10 October 2023 :PetroNor E&P ASA ("PetroNor " or the "Company") is pleased to confirm that 337,221 bbls of oil were lifted and sold from theDjeno Terminal on4 October 2023 . This brings the total 2023 net entitlement volumes lifted to 1,170,487 bbls and sets a new record for the annual volume forPetroNor . The Company will update the market once the realised selling price is confirmed.PetroNor still is holding 120,000 bbls of net entitlenment oil in current inventory which was not lifted due to operational constraints. The company is working with the Djeno terminal operators to establish if an additioinal lifting is possible close to year end 2023 when inventory is forecast to be over 450,000 bbls. For further information, please contact: Investor Relations Email: ir@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 . Under the terms of the PNGF Sud licences, a proportion of oil produced is used to pay royalties and tax to the Government. The remaining oil produced is considered "entitlement oil" that can be lifted by the Company and sold in the market.
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