Reference is made to the announcement made by African
Petroleum Corporation Limited ("African Petroleum" or
the "Company") on 16 January 2017 regarding issuance
of 10,670,000 new ordinary shares (the "New Shares")
which were allocated in the private placement.
The Company advises that the Delivery-Versus-Payment
settlement towards investors who were allocated the
New Shares is now completed.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.
For further information, please contact:
Jens Pace, Chief Executive Officer
Stephen West, Chief Financial Officer
Tel: +44 20 3655 7810
Lead Manager:
Mirabaud Securities LLP
Peter Krens
Tel: +44 20 7878 3362
Media Contacts:
Buchanan
Ben Romney/Chris Judd
Tel: +44 207 466 5000
About African Petroleum
African Petroleum is an independent oil and gas
exploration company with an equity interest in eight
licences in four countries offshore West Africa
(Senegal, The Gambia, Côte d'Ivoire and Sierra Leone).
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. The Company is working with its
partner Ophir Energy (operator) on the CI-513 licence
in Côte d'Ivoire to drill an exploration well in Q2
2017.
For more information about African Petroleum, please
see www.africanpetroleum.com.au
This information is subject to disclosure requirements
pursuant to section 5-12 of the Norwegian Securities
Trading Act.