Petrolia NOCO AS announced that it has entered into two farm down agreements with Equinor Energy AS. PL1013 and PL1013B: Petrolia NOCO will farm down a 40% participating interest of its 60% interest in its two exploration licenses PL1013 and PL1013B, where the exploration well Rafiki is planned to be drilled in 2023. As a part of the agreement Equinor Energy AS will assume operatorship of the licenses from Petrolia NOCO AS.

PL935: Petrolia NOCO will farm down a 10% participating interest of its 20% interest in PL935 where the exploration well Bounty is due to be drilled in the first half of 2022. Both agreements are subject to license and regulatory approvals.