Badger Explorer ASA employs Sr. VP Business Development & Strategy

Stavanger, 9 September 2009: Mr. Kjell Markman joins Badger Explorer ASA as Senior Vice President Business Development & Strategy. Mr. Markman has 30 years experience from the oil & gas industry and will strengthen Badger Explorer's commercial capabilities. Badger Explorer ASA develops a revolutionary exploration technology for the global oil & gas industry. It is the Company's objective to launch its first commercial services by the end of 2010. Through the recruitment of Mr. Markman the Company takes an important step in preparing for the commercial phase. Kjell Markman (55) holds a MSc in Mechanical Engineering from the Norwegian University of Science and Technology (NTNU) of Trondheim, Norway. He has held senior management positions in companies like Baker Hughes Inteq, National Oilwell, Hitec and Statoil. Since 2004 Markman has been partner in the Norwegian venture company Procom Venture. "We will soon enter the pre-commercial phase, a closer cooperation with our client partners, ExxonMobil, Shell and StatoilHydro, will be of vital importance and a critical success factor. With Kjell Markman we get extensive relevant industry experience and insight that will add significant commercial strength to our organization" says Badger Explorer ASA's CEO, Kjell Erik Drevdal. Mr. Markman will take on his new position on 1 October 2009. Kjell Markman currently owns 229.422 shares in Badger Explorer ASA. For further information: Kjell Erik Drevdal, CEO, tel + 47 52 97 45 15 Gunnar Dolven, CFO, tel + 47 52 97 45 40 About Badger Explorer ASA Badger Explorer ASA is developing a revolutionary method for exploration and verification of oil and gas prospects, called Badger Explorer. Badger Explorer drills down and buries itself in the underground, equipped with numerous sensors, which measure and register vital formation and physical data. The method provides a substantially lower risk, cost and complex operation compared to utilizing an expensive conventional drilling rig. The crushed formation cuttings are transported through the tool, deposited and compressed in the void behind the unit. Potential excess volume is injected into fractures generated by Badger Explorer. The unit is connected to a combined power and signal cable which again is connected to the surface. The unit is powered by electricity and transmits data signals to the surface through the cable. The company headquarter is in Stavanger, Norway. The company's shares has since spring 2007 been listed on the Oslo Axess.

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