Badger Explorer ASA - Mandatory Notification of Trade

Reference is made to the announcement from Badger Explorer ASA (the "Company") on 9th January 2017 regarding the Extraordinary General Meeting.

As previously disclosed, CFO Gunnar Dolven, through his wholly owned investment company Dalvin Rådgivning AS, was allocated 2,400,000 shares in the private placement. Prior to the private placement, Mr. Dolven owned 434,872 shares. Following completion of the private placement, Mr. Dolven owns 2,834,872, which corresponds to an ownership of 0.75% of the outstanding shares in the Company after the private placement.

CEO Roald Valen was allocated 2,400,000 shares in the private placement, which corresponds to an ownership of 0.63% of the outstanding shares in the Company after the private placement.

Stavanger, 9th January 2017

For further information, please contact:
Gunnar Dolven, CFO, cell phone +47 908 53 168
Marcus Hansson, COB, cell phone +44 782 4460 691

www.bxpl.com

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About Us

The Badger Explorer is a technology for exploring and mapping hydrocarbon resources. The tool is equipped with logging sensors and communication solutions. The tool drills into and buries itself in the underground. It operates at a lower risk, lower costs and less complexity than a drilling rig.

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