15/05-2008 (BXPL.OAX) MANDATORY NOTIFICATION OF TRADE

Mr Gunnar Dolven, CFO - chief financial officer of Badger Explorer ASA has today purchased 5 000 shares in Badger Explorer ASA through his company Dalvin Rådgivning AS at an average price of NOK 24,40 per share. Mr Dolvens holding after this transaction is 291 872 shares, equivalent to 1,6 % of the total number of shares. The shares are hold through his company Dalvin Rådgivning AS.