PETROLIA DRILLING ASA - ANNUAL REPORT 2009

Ref. stock exchange announcement on 18th February 2010. The Board of Directors of Petrolia Drilling ASA has in a board meeting approved the annual accounts for 2009. After the release of the preliminary and unaudited accounts for the fourth quarter of 2009, small adjustments have been made in the Group’s accounts for 2009. Net result after tax for 2009 is USD 120.386.000. The main difference in the result compared with preliminary report for 4th Quarter is impairment of drilling equipment with mUSD 8,5. See further details in the annual report for 2009 enclosed. The annual report for 2009 can also be downloaded from the company's web site : www.petrolia.no . Bergen/Oslo, 30 April 2010. Board of Directors