PROPOSAL FOR NEW BOARD OF DIRECTORS IN PETROMENA ASA

Reference is made to the stock exchange notices on 10 and 11 November 2009. Petrolia Drilling ASA, as the largest shareholder in PetroMENA ASA, has proposed following Board of Directors for the Extraordinary General Meeting scheduled on 03 December 2009 : Erik Frydenbø Torill Tysnes Lund Joar Terjesen. Bergen/Oslo, 02 December 2009 Board of Directors of PetroMENA ASA