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PDR ASA - NOTIFICATION OF TRADE

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Independent Oil & Resources ASA has on 11 June 2008
sold 54,382,000 shares in Petrolia Drilling ASA
(PDR).

At the same time Independent Oil & Resources ASA
has bought a forward contract of 54,382,000 shares
with 10. September 2008 delivery.

After this transaction, Independent Oil & Resources
ASA controls 224.902.747 shares in PDR,
corresponding to 22,22 percent of the shares
outstanding in PDR.

Bergen/Stavanger, 11 June 2008