Badger Explorer ASA – Annual Accounts for 2011 Approved

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Today the Board of Directors of Badger Explorer ASA has approved the Group's annual financial statements for 2011. There are no material changes compared to the preliminary results, which were presented on 14th February 2012 in connection with the 4Q 2011 Report.

The Board of Directors' Report for 2011, the financial statements and notes as well as the auditor's report are attached to this stock exchange notification.

Stavanger, 20th March 2012

For further information, please contact:
David W. Blacklaw, CEO, cell phone +47 406 44 010, office +47 52 97 45 50
Gunnar Dolven, CFO, cell phone +47 908 53 168, office +47 52 97 45 40

www.bxpl.com

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