Petrolia NOCO confirms significant oil discovery at the Dugong well (PL882) operated by Neptune Energy
Reference is made to the stock notices on 17 June, 3 July and on 9 July.

Please find attached the stock notice issued by Petrolia NOCO AS announcing that the drilling of the Dugong well (PL 882) on the Norwegian Continental Shelf (NCS) has resulted in a commercial discovery. Petrolia SE is the major shareholder (49.9%) in Petrolia NOCO. Petrolia SE has also given an exploration loan of NOK 100 million to Petrolia NOCO.

Petrolia SE is listed with ticker “PSE” on Oslo Stock Exchange (www.ose.no) and its activities are within E&P and Oil Services. Petrolia NOCO AS is listed on the NOTC (www.notc.no) in Oslo with ticker “PNO”.

Limassol 4 August 2020

08:00 PSE: Petrolia NOCO confirms significant oil discovery at the Dugong well (PL882) operated by Neptune Energy https://newsweb.oslobors.no/message/510599