PetroNor E&P ASA

Legal Proceedings Report • May 3, 2017

SENEGAL ROP UPDATE

SENEGAL ROP UPDATE

African Petroleum Corporation Limited ("African Petroleum" or

the "Company") notes the press release by Total on 2 May 2017

where it states that it has entered into an agreement with

the Republic of Senegal that "...involves an exploration and

production sharing agreement for the Rufisque Offshore

Profond block". The Company reiterates its positon that it

holds a 90 per cent operated position in the ROP production

sharing agreement ("ROP PSC"). Under the terms of the ROP

PSC, the block remains active unless and until a termination

procedure is enacted by the Republic of Senegal. To date, the

Republic of Senegal has not validly enacted such termination

procedure, and accordingly the Company reserves its rights

under the ROP PSC.

The Company notes that the Heads of Terms announced on 18

April 2017 in relation to Senegal and The Gambia is in

relation to the Senegal Offshore Sud Profond PSC ("SOSP PSC")

in Senegal, and not the ROP PSC. Accordingly, regardless of

the Company's confidence in reserving its rights under the

ROP PSC, the Heads of Terms announced on 18 April 2017

related to the Company's SOSP PSC in Senegal and the A1 and

A4 blocks in The Gambia, is unaffected by the speculation

surrounding the ROP PSC.

Further, the Company notes that it does not intend to use any

of the proceeds raised in the Private Placement announced on

2 May 2017 for the ROP PSC.

For further information, please contact:

Jens Pace, Chief Executive Officer Angeline Hicks,

Company Secretary

Stephen West, Chief Financial Officer Tel: + 61 401 489 883

Tel: +44 20 3655 7810

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, Cote

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. The Company is working with

its partner Ophir Energy (operator) on the CI-513 licence in

Côte d'Ivoire to drill an exploration well in H2 2017.

For more information about African Petroleum, please see

www.africanpetroleum.com.au