PetroNor E&P ASA

2015 ANNUAL REPORT AND ACCOUNTS (GLOSSY VERSION)

African Petroleum Corporation Limited, an independent

oil and gas exploration company with equity interests

in ten licences in five countries offshore West

Africa, is pleased to release the glossy version of

its annual report and accounts for the year ended 31

December 2015.

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:

For UK and International media - Buchanan

Ben Romney/Helen Chan

Tel: +44 207 466 5000

For Norwegian media - First House

Geir Arne Drangeid

Tel: +47 913 10 458

About African Petroleum

African Petroleum is an independent oil and gas

exploration company with an equity interest in ten

licences in five countries offshore West Africa. 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. With a combined net

acreage position of 27,797km2 through its licences

in Côte d'Ivoire, Liberia, Senegal, Sierra Leone and

The Gambia, the Company has matured its

portfolio through the acquisition of more than

18,500km2 of 3D seismic data and successfully drilling

three deep-water wells, one of which was the first

hydrocarbons discovery in the offshore Liberian -

Sierra Leone Basin.

For more information about African Petroleum, please

see www.africanpetroleum.com.au

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