FINAL AGREEMENT ON CALIDUS ENG. LTD. ACQUISITION EXTENDED S.E. NOTIFICATION
Badger Explorer ASA entered into final agreement on the acquisition of a controlling 50 percent stake in Calidus Engineering Ltd. for a total consideration of NOK 8.5 million on Friday December 7th 2007. An extended stock exchange notification, compliant with OSE circular 5/2007, including financial accounts for the previous 3 years follows herein. Please find extended stock exchange notification enclosed. For further information please contact: Kjell Erik Drevdal, President and CEO, Badger Explorer ASA, tel +47 51 57 75 10 Gunnar Dolven, CFO, Badger Explorer ASA, tel +47 51 57 75 21 About