Independent Oil & Resources ASA has on the 10th October taken delivery of 3.300.000 shares in Petrojack ASA.
After this transaction Independent Oil & Resources ASA controls 11.566.328 shares in Petrojack ASA, including
a forward contract of 3.000.000 shares with delivery 27.11.2008 , equal to 17.8 per cent of the shares outstanding.

Bergen/Oslo, 13 October 2008.

About Us

PetroJack ASA is registered on business address in Oslo and administration offices in Bergen. The company was established in October 2004. The group comprises the parent company Petrojack ASA and the subsidiaries Petrojack I Pte Ltd and Petrojack III Pte Ltd, all registered and localised in Singapore.