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NEW SHARE CAPITAL REGISTERED

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Reference is made to our announcement yesterday.

The new share capital of NOK 12 083 138.52 (302 078 463 shares at NOK 0.04 each) has now been registered at the Norwegian Register of Business Enterprises.


Bergen/Oslo 30 March 2012


Contact

Sølve Nilsen, Finance Manager (solve.nilsen@petrolia.no) / +47 951 79 269