Badger Explorer ASA - Tradable shares

Reference is made to previous announcements from Badger Explorer ASA regarding the private placement of 360,000,000 new shares conducted on 6th December 2016 (Private Placement I). These 360,000,000 new shares were issued on 16th January 2017 on a separate ISIN pending the publication of a listing prospectus.

The new shares pertaining to the Private Placement I have been transferred to the Company's ordinary ISIN and are now tradable on Oslo Axess. Consequently all of the company's 378,537,288 shares are tradable on Oslo Axess.

Information concerning the shares to be issued in connection with the Private Placement II, Subsequent Offering I and Subsequent Offering II as described in the prospectus dated 14th February 2017 will be provided in due course.

Stavanger, 23rd February 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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