Oslo, 15 May 2024: PetroNor E&P ASA ("PetroNor or the Company") is pleased to
provide the following update regarding its A4 licence in The Gambia.

On 18 November 2022, PetroNor and its partner, The Gambia National Petroleum
Corporation ("GNPC"), exercised rights to continue with the Petroleum,
Exploration, Development and Production Licence Agreement ("PEPLA") for the A4
licence in The Gambia. The terms of the PEPLA comprised two phases of 18 months
period in the Initial Exploration Period.

PetroNor is pleased to announce that it has agreed with the Government of The
Gambia to extend the first phase of the Initial Exploration Period from 18
months to 36 months. A reduced cost for rental, training and minimum work
program has been agreed for the extended period.

At the end of the extended period by 13 November 2025, the Company will have the
option to continue into the second phase of the Initial Exploration Period with
a commitment to drill an exploration well or exit the agreement.

It remains the Company and GNPC's strategy to form a strong partnership with
others to drill the identified prospects. The results of the nearby exploration
program in Guinea-Bissau focused on a similar play concept expected to be
drilled during 2024 are awaited with interest.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-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 offshore West Africa, specifically the
PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113
in Nigeria.