PetroNor E&P ASA

Report Publication Announcement • Apr 30, 2018

AUDITED ANNUAL FINANCIAL REPORT - 31 DECEMBER 2017

AUDITED ANNUAL FINANCIAL REPORT - 31 DECEMBER 2017

African Petroleum Corporation Limited ("African Petroleum" or the "Company"), an independent oil and gas exploration company operating high impact exploration licences offshore West Africa, today releases its Audited Annual Financial Report for the year ended 31 December 2017.

For further information, please contact:

Jens Pace, Chief Executive Officer

Stephen West, Chief Financial Officer

Tel: +44 20 3655 7810

Angeline Hicks, Company Secretary

Tel: + 61 401 489 883

Media Contacts:

Buchanan

Ben Romney/Chris Judd

Tel: +44 207 466 5000

About African Petroleum

African Petroleum is an independent oil and gas exploration company with licence interests in offshore West Africa (Senegal, The Gambia and Sierra Leone). The Company's assets are located in proven hydrocarbon basins in the West African Transform Margin and the Atlantic Margin, where several discoveries have been made in recent years.

For more information about African Petroleum, please see www.africanpetroleum.com.au