PetroNor E&P ASA

Report Publication Announcement • Feb 8, 2016

INVESTOR PRESENTATION - OSLO, 15 FEBRUARY 2016

INVESTOR PRESENTATION - OSLO, 15 FEBRUARY 2016

African Petroleum Corporation Limited ("African

Petroleum" or the "Company")(OSX: APCL), an

independent oil and gas exploration company operating

ten licenses in five countries offshore West Africa,

will host an investor presentation in Oslo on 15

February 2016 for investors, analysts and members of

the press.

The investor presentation will take place from 4:00pm

local time at:

Hotel Continental

Stortingsgaten 24/26

0117 Oslo

Meeting Room: "Salen"

The event will provide the opportunity for investors

to learn more about the Company's corporate strategy

and receive an update on the Company's current

activities.

To register for the investor presentation please send

an email to dd@firsthouse.no

Commenting on today's announcement, Stephen West, CFO

of African Petroleum said:

"We believe that African Petroleum is well positioned

for 2016, despite the current challenging business and

investment environment in the energy sector. As an

exploration company, African Petroleum is positioning

itself to unlock the value of over 12.5 billion

barrels of unrisked prospective resources at a time

when the cost of drilling has reduced by over 50%. We

are essentially a play on the future oil price, which

we believe will be significantly higher in two to

three years' time.

With the recent US$16.9m transaction with Ophir Energy

in Cote d'Ivoire and the significant cost cutting

initiatives implement in Q4 2015, we are now focussed

on completing further farm-out transactions in our

world class acreage position during H1 2016 to fund

our forward well drilling programme for next 18-24

months."

The presentation is available at

www.africanpetroleum.com.au in the section:

Investor Relations/Analyst, Reports and

Presentations/Corporate Presentation.

No new material information will be presented.

For further information, please contact:

Stephen West, Chief Financial Officer

Tel: +44 20 3761 6900

Angeline Hicks, Company Secretary

Tel: +61 401 489 883

Media Contacts:

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 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

28,448km2 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