PETROLIA NORWAY AWARDED LICENSE IN APA 2013

Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, has been awarded a new license in the 2013 Award in Predefined Areas (APA) in Norway.

- Petrolia Norway is pleased to have been awarded 20 per cent of license PL 739S in APA 2013. This was the only license we applied for of the licenses awarded and we look forward to cooperate with the operator Statoil and the license partner Petoro to identify the potentials of the license. The license is stratigraphic divided and valid for post Jurassic strata, says Managing Director Vidar Bergo Larsen in Petrolia Norway.

The PL 739S license is located south of the Oseberg South field and encompass´ parts of the blocks 26/1, 31/10 and 31/11. Statoil Petroleum AS is the operator with a 50 per cent share and Petoro AS holds the remaining 30 per cent of the license.

The work program is to acquire a 3D seismic survey before a drill or drop decision within the next 3 years.

Limassol/Bergen, 21 January 2014.

For further information, please contact:

Vidar Bergo Larsen

Managing Director

Petrolia Norway AS

Phone: +47 90 86 60 41

E-mail: vidar.bergo.larsen@petrolia.no

About Petrolia Norway AS

Petrolia Norway AS maximizes field potential through innovative exploration in mature areas on the Norwegian Continental Shelf, leveraging on the extensive industry experience of the Petrolia Norway team. Petrolia Norway AS is qualified as a licensee on the Norwegian Continental Shelf. The company currently holds 20 per cent of the PL739S license, 50 per cent of the PL674 license, 30 per cent of PL 506S, PL 506BS, PL 506CS, PL 506DS, 10 per cent of PL 628 and 10 per cent of PL 546, pending approval from the authorities. The company has offices in Oslo, Bergen and Stavanger and is fully owned by Petrolia SE.

About Petrolia SE

Petrolia SE has three business segments: E&P, Drilling & Well Technology and OilService and is listed on Oslo Stock Exchange under the ticker code PDR. The core activity includes Petrolia Norway AS, an independent oil & gas company approved as a licensee on the Norwegian Continental Shelf, and a group of leading rental equipment companies for the global oil industry. Petrolia SE employs a staff of around 350 highly competent employees worldwide.