Roald Valen Appointed New CEO In Badger Explorer ASA

The Board of Directors of Badger Explorer ASA (BXPL) announces today the appointment of Roald Valen as the new Chief Executive Officer in BXPL, succeeding Øystein Larsen, who will step down to pursue opportunities outside of BXPL. Mr. Valen will start in the position on 22nd August 2016, and Mr. Larsen will continue to work for BXPL in a transition period.
 
Mr. Larsen said: “I had an active role in recruiting my successor, and I am confident that Roald Valen will be a great resource for BXPL, given his broad experience from similar companies”.
 
Mr. Valen previously held positions in ABB Robotics, Robotic Drilling Systems and Zaptec, and has broad experience of managing and engineering advanced robotic solutions. “We are delighted Mr. Valen has accepted the position as the new CEO. His significant and relevant experience will contribute to BXPL reaching commercial operations as soon as possible.”, said Marcus Hansson, Chairman of the Board of BXPL.
 
“I look forward to leading BXPL”, said Mr. Valen. “The Company has taken significant steps lately, and I look forward to solving the remaining challenges together with the rest of the team”.  
 
Stavanger, 15th August 2016

For further information, please contact:
Marcus Hansson, Chairman of the Board, cell phone: +44 782 446 0691, mail: lmh@bxpl.com



www.bxpl.com

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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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