COURT DECISION REGARDING DISPUTE WITH THE PETROMENA ASA BANKRUPTCY ESTATE
Oil Tools Supplier AS (formerly Petrolia Services AS), a subsidiary of Petrolia SE, has received the decision from Oslo District Court regarding the claim from the PetroMENA ASA bankruptcy estate. As informed in the fourth quarter report 2012, the Estate of PetroMENA ASA, 51 % owned by Petrolia SE, is seeking to invalidate an equipment purchase of 13 November 2008 whereby Oil Tools Supplier AS purchased drilling equipment for USD 34.7 million from PetroMENA ASA. Oslo District Court has ruled in favor of the PetroMENA ASA estate for USD 14 million. Oil Tools Supplier AS finds it