SPUD OF THE PL 628 TASTAVEDEN WELL

Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, announces that drilling of Well 25/9-4 Tastaveden in PL 628 has commenced. The well, which is located approximately 35 km northeast of the Grane Field, will test a prospect adjacent to the Utsira High.

Well 25/9-4 Tastaveden will be drilled with the semi-submersible rig Ocean Vanguard.

Statoil Petroleum AS is the operator of the PL 628 license with 50 % interest. Partners are Petoro AS (20 %), Repsol Exploration Norge AS (20%), and Petrolia Norway AS (10 %).

Limassol/Bergen, 11 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 50 per cent of the PL674 license, 30 per cent of PL 506S, PL 506BS, PL 506CS, PL 506DS and 10 per cent of PL 628. The company is fully owned by Petrolia SE, listed on the Oslo Stock Exchange, and has offices in Oslo, Bergen and Stavanger.

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. In addition, Petrolia SE owns Independent Oil Tools Group, a leading rental equipment company for the global oil industry. The company employs a staff of around 350 highly competent employees worldwide.

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.