Extraordinary General Meeting on 9 January 2017

The Extraordinary General Meeting in Badger Explorer ASA took place today on 9th January 2017 at 09:00 CET. All resolutions were passed in accordance with the proposals set out in the Notice for the Extraordinary General Meeting.

The minutes of the EGM is attached to this announcement and are also available on the Company's website (www.bxpl.com).

The listing of the shares in the private placement, as well as the offer and listing of the shares in the subsequent offering, is subject to a prospectus being approved by the Financial Supervisory Authority of Norway and published by the Company. The prospectus, expected to be published medio January 2017, will contain further details about the Subsequent Offering.

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.