Badger Explorer ASA – Annual Accounts for 2012 Approved

Today, the Board of Directors of Badger Explorer ASA has approved the Annual Accounts for 2012. There are no material changes compared to the preliminary results, which were presented in connection with the Company’s 4Q 2012 Report on 26th February 2013.

The Board of Directors' Report for 2012, the 2012 financial statements and notes as well as the auditor's report are attached to this stock exchange notification.

Stavanger, 20th March 2013

For further information, please contact:
David Blacklaw, CEO, cell phone +47 406 44 010, office +47 52 97 45 50
Gunnar Dolven, CFO, cell phone +47 908 53 168, office +47 52 97 45 40

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.