PetroNor E&P ASA

Regulatory Filings • May 2, 2017

AYAME-1X WELL SPUD

AYAME-1X WELL SPUD

African Petroleum Corporation Limited ("African Petroleum" or

the "Company") is pleased to announce that the Ayamé-1X

exploration well, offshore Côte d'Ivoire, was spudded on

Saturday 29 April 2017 using the Seadrill West Saturn

Drillship.

The well, operated by Ophir Energy, is located on the CI-513

licence. African Petroleum holds a 45% interest in the

licence, with Ophir Energy holding 45% and PETROCI the

remaining 10%.

The Ayamé -1X well will target Santonian and Turonian

turbidite channel complexes through a water depth of 2,835

metres, with planned total depth ("TD") at 5,459 metres. The

well is expected to reach TD in approximately 30 days from

spud.

Commenting on the news, CEO Jens Pace said: "This is a

material milestone for the Company and one which we have been

working towards with our partners since Ophir Energy joined

the licence in March 2016. Since this time, the partnership

has carried out technical work to decide on the best location

for this well. The Ayamé West prospect that we are targeting

has a significant resource number and a commercial discovery

will be truly transformational for African Petroleum. We look

forward to updating the market with the outcome of this

exciting event."

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, 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 May 2017.

For more information about African Petroleum, please see

www.africanpetroleum.com.au