PetroNor E&P ASA

Board/Management Information • Nov 30, 2015

DIRECTOR RESIGNATIONS

DIRECTOR RESIGNATIONS

Further to the announcement by African Petroleum

Corporation Limited ("African Petroleum" or

the "Company") on 18 November 2015 regarding the

restructuring of the Board, African Petroleum

announces the resignation of Non-Executive Directors

Mr Gibril Bangura and Mr Jeffrey Couch with effect

from 30 November 2015. These resignations are part

of the Company's on-going focus on capital discipline

and cost reduction.

African Petroleum will continue its activities with a

highly experienced and dedicated Board of Directors,

which is now more streamlined to reflect the size of

the Company and the current challenging market

conditions.

Following the changes announced today, the Board is

comprised of seven Directors:

Charles Matthews, OBE Chairman

Jens Pace, Chief Executive Officer and Executive

Director

Stephen West, Chief Financial Officer and Executive

Director

David King, Non-Executive Director

Bjarne Moe, Non-Executive Director

Timothy Turner, Non-Executive Director

Anthony Wilson, Non-Executive Director

Commenting on today's announcement, Charles Matthews,

Chairman of African Petroleum said:

"On behalf of the Board I would like to thank Gibril

Bangura and Jeffrey Couch for their contributions

towards the Company over the years. We wish them

every success in the future.

The Board is fully focussed on reducing costs whilst

also ensuring we have in place an effective and

efficient management team and Board capable of

successfully executing our growth plans."

For further information, please contact:

Jens Pace, Chief Executive Officer

Stephen West, Chief Financial Officer

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

About African Petroleum

African Petroleum is an independent oil and gas

exploration company operating 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

30,378km2 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