NOTICE OF EXTRAORDINARY GENERAL MEETING

An Extraordinary General Meeting of Badger Explorer ASA will be held at the office of the company in Forusbeen 78, 4067 Stavanger Wednesday 5th of December 2007 at 10:00 CETThe notice dated 19. November 2007 was sent via mail to all registered shareholders. The General Meeting will be opened by the Chairman of the Board of Directors. The Board of Directors proposes the following agenda: 1 ELECTION OF A CHAIRMAN OF THE MEETING 2 APPROVAL OF THE NOTICE AND AGENDA OF THE GENERAL MEETING 3 ELECTION OF A PERSON TO SIGN THE MINUTES TOGETHER WITH THE CHAIRMAN OF THE MEETING 4 ELECTION OF NEW BOARD MEMBER In order to comply with the Public Limited Companies Act (Allmennaksjeloven § 6-11A) regarding female representation in the Board of Directors, one additional female board member must be elected. The nomination and remuneration committee will propose one candidate which will be disclosed in the meeting. 5 ELECTION OF NEW NOMINATION AND REMUNERATION COMMITTEE The board will make a proposal to the General Meeting in respect of a new composition of the nomination and remuneration committee as Stig Hetlevik now has become CEO of Badger Plasma Technology AS. 6 NEW AGREEMENT WITH PROCOM VENTURE AS The Board of Directors view it as orderly to provide the General Meeting with a summary of a new agreement entered into with Procom Venture AS for consultancy services. **** If you wish to attend the General Meeting we request your return of the enclosed slip of attendance. Shareholders may be represented by proxy, in which case a written proxy form must be duly completed and dated, preferable by using the attached attendance and proxy form. Please submit your attendance and proxy forms as soon as possible and no later than on Monday 3rd of December 2007 to:Badger Explorer ASA, attn/Kenneth O. Rosén, P.O. Box 367, 4067 Stavanger Fax: 51 57 75 20 - E-mail: kor@bxpl.com Tel: 51 57 75 25 * * * Stavanger, 19. November 2007 For the Board of Directors of Badger Explorer ASA Rolf E Ahlqvist Chairman