PETROJACK ASA CONSIDERS STRATEGIC OPPORTUNITIES

The Board of Directors of Petrojack ASA (”Petrojack”) has engaged ABG Sundal Collier Norge ASA as financial advisor to explore strategic opportunities regarding Petrojack' non-operating assets, including the possible divestment of Petrojack’s 25% ownership interest in Petrolia Drilling ASA. For further information, please contact : Erik Solheim, Chairman of the Board of Directors of Petrojack ASA, Phone: +47 91 15 20 31. Bergen/Oslo, 3 February 2010.