EXTRAORDINARY GENERAL MEETING 19 APRIL 2010

Reference is made to announcement by Petrolia Drilling ASA on 25 March 2010 with respect to item 4, election of a new Board of Directors, on the agenda for the Extraordinary General Meeting to be held on 19 April 2010. Independent Oil & Resources ASA owns 26.6% of the shares in the Company. Petrolia Drilling ASA faces several challenging tasks in the coming periods. Some of the current board members have been on the Board for a long time. Independent Oil & Resources ASA therefore feels it appropriate that these are replaced with candidates which both have the experience from the industry, as well as having experience from similar challenging operations. Independent Oil & Resources ASA proposes the following candidates for a new Board of Directors: - Berge Gerdt Larsen, new member, with extensive experience from the oil and drilling industry. - Erik J. Frydenbø, new member, lawyer, Chairman of Petromena ASA, with extensive experience from the drilling industry. - Unni Tefre, existing member. Current Board of Directors totals five members. It is our opinion that the Board of Directors should be amended and strengthened with two more members to be elected on the Company’s ordinary general meeting in June 2010. We consequently encourage other shareholders to propose appropriate candidates for this election. Stavanger/Bergen 13 April 2010 Independent Oil & Resources ASA