PetroNor E&P ASA

Report Publication Announcement • Jul 31, 2015

STATEMENT RE NSX QUARTERLY ACTIVITIES REPORT

STATEMENT RE NSX QUARTERLY ACTIVITIES REPORT

African Petroleum Corporation Limited ("African

Petroleum" or the "Company"), an independent oil

and gas exploration company operating ten licences

in five countries offshore West Africa, advises

that the National Stock Exchange of Australia

(the "NSX") has approved the removal of the

requirement to issue NSX compliant Quarterly

Activity Reports with effect from 31 July 2015.

Accordingly, the Company will no longer issue NSX

compliant Quarterly Activity Reports. The Company

remains fully compliant with its NSX listing

obligations and confirms that Oslo Axess compliant

quarterly reports will continue to be lodged by the

Company simultaneously on both Oslo Axess and on

NSX within two months of the end of each relevant

quarter, with agreement from NSX.

******

For further information, please contact:

Stuart Lake, Chief Executive Officer

Stephen West, Finance Director

Tel: +44 20 3761 6900

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

Geir Gjervan

Tel: +47 908 79 108

About African Petroleum Corporation

African Petroleum Corporation is a dynamic,

independent oil and gas exploration company

operating ten licences in five countries offshore

West Africa. The Company's assets are located in

fast-emerging hydrocarbon basins, principally the

West African Transform Margin, where several

discoveries have been made in recent years,

including African Petroleum Corporation's Narina-1

discovery in February 2012, which proved a working

hydrocarbon system in the Liberian basin. With a

combined net acreage position of 30,378km2 through

its licences in Côte d'Ivoire, Liberia, Senegal,

Sierra Leone and The Gambia, the Company has

matured its portfolio rapidly, acquiring more than

18,500km2 of 3D seismic data and successfully

drilling three wells, one of which was the first

hydrocarbons discovery in the offshore Liberian

deep-water basin.

For more information about African Petroleum

Corporation, please see www.africanpetroleum.com.au