FINANCIAL CALENDAR 2008

Badger Explorers interim reports will be published at the following dates: 27.02.2008 - 4th quarter 2007 31.03.2008 - Annual result 2007 23.04.2008 - 1st quarter 2008 15.05.2008 - Annual General Meeting 2007 20.08.2008 - 2nd quarter 2008 22.10.2008 - 3nd quarter 2008 Presentations will be held the following day in Oslo and/or Stavanger. All the presentations will be announced on the company`s web page and through a stock exchange notice. The presentations are open for all interested parties. For further information please contact: Gunnar Dolven - CFO, mob: +47 908 53 168 * * * 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. Badger Explorer ASA has the ambition of launching a commercial service in the market late 2008. 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