Petrolia Noco AS (49.9 % owned) announces today that it has signed an agreement with Vår Energi ASA to acquire VårEnergi's 12.2575% participating interest in the Brage field on the Norwegian Continental Shelf with effective date1 January 2023 . Net production (12.2575% WI) from the Brage field in the first half of 2023 was 1.0 kboed and remaining net reserves at year-end 2022 was 1.9 mmboe. The transaction is subject to normal regulatory approval and is expected to be completed in Q4 2023. For further information, please contact:Morten Stenhaug , CEOPetrolia NOCO AS +47 911 92 908 orErik von Krogh , CFO Petrolia NOCO AS +47 930 38 075 This notice contains information which is considered inside information pursuant to the European Market Abuse Regulation. The notice has been published by Mr. Sølve Nilsen at18:55 CEST on5 October 2023 . The notice is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Limassol5 October 2023
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