CONGO: PetroNor Announces Production Increase in Q3 2023

PetroNor E&P provides the following update on the Congo operations related to the PNGF Sud field complex.

Third quarter net to PetroNor production was 5,118 bopd, compared with 4,130 bopd in the same period
in 2022, yielding an average YTD production of 5,119 bopd (subject to final allocation adjustments). These
numbers include 10 days of additional production from the Tchibeli infill drilling programme.

All five Tchibeli infill wells have now been drilled, completed and stimulated, two have been put on
production with initial rates at or above expectation and one on water injection. The two last wells will be
put on production within the next few days.

Fourth quarter production is therefore forecasted to see an additional increase in production.

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