(BXPL) Annual overview for BXPL

Issuers of listed transferable securities are, according to the Securities Trading Act section § 5-11 required to provide Oslo Stock Exchange with a document listing all relevant information they have made available to the public over the preceeding 12 months in compliance with their legal obligations. Attached is an overview for BXPL from 31 March 2007 until 1 April 2008 For further information, please contact Kjell Erik Drevdal, CEO, 91643552 Gunnar dolven, CFO, 90853168 About Badger Explorer ASA Badger Explorer ASA is developing a revolutionary method for exploration and verification of oil and gas prospects, called Badger Explorer. Badger Explorer drills down and buries itself in the underground, equipped with numerous sensors, which measure and register vital formation and physical data. The method provides a substantially lower risk, cost and complex operation compared to utilising an expensive conventional drilling rig. The crushed formation cuttings are transported through the tool, deposited and compressed in the void behind the unit. Potential excess volume is injected into fractures generated by Badger Explorer. The unit is connected to a combined power and signal cable which again is connected to the surface. The unit is powered by electricity and transmits data signals to the surface through the cable. In addition, the wholly owned Badger Plasma Technology AS subsidiary has an exclusive licence to exploit the patented plasma channel drilling (PCD) technique developed at Britain`s University of Strathclyde. The solution is removing scale and other obstructions in production/injection wells with the aid of sparks generated at high electrical voltages. www.bxpl.com BXPL Annual overview for BXPL