PetroNor E&P ASA

Board/Management Information • Nov 18, 2015

BOARD RESTRUCTURE

BOARD RESTRUCTURE

African Petroleum Corporation Limited ("African

Petroleum" or the "Company") is pleased to announce

the appointment of Mr Jens Pace and Mr Stephen West as

Executive Directors to the Board of the Company with

effect from 18 November 2015. Mr Pace was recently

appointed as Chief Executive Officer on 30 September

2015 having previously served as Chief Operating

Officer since October 2012, and Mr West has served as

Chief Financial Officer since October 2013. Together

these appointments bring a wealth of technical,

operational and financial experience onto the Board,

to fully support the Company's future growth and

development.

Additionally, and as part of the Company's on-going

focus on capital discipline and cost reduction,

African Petroleum announces the resignation of Non-

Executive Director Mr Mark Ashurst with effect from 18

November 2015.

Commenting on today's announcement, Charles Matthews,

Chairman of African Petroleum said:

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

Ashurst for his contribution towards helping to

develop the Company and its exciting portfolio of

assets over the years. We wish Mark every success in

the future.

At the same time, I would like to welcome Jens Pace

and Stephen West to the Board which comes at an

important time in the Company's development as we seek

to conclude value enhancing transactions in the near

future. I am confident that the Board has the

experience and skillset required to fulfil African

Petroleum's future growth ambitions."

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