PetroNor E&P ASA

Report Publication Announcement • May 17, 2017

2016 ANNUAL REPORT AND ACCOUNTS (GLOSSY VERSION)

2016 ANNUAL REPORT AND ACCOUNTS (GLOSSY VERSION)

African Petroleum Corporation Limited ("African Petroleum"),

an independent oil and gas exploration company with equity

interests in eight licences in four countries offshore West

Africa, is pleased to release the glossy version of its

annual report and accounts for the year ended 31 December

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 an equity interest in eight licences in four

countries offshore West Africa (Senegal, The Gambia, Côte

d'Ivoire 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