(BXPL) Annual overview for BXPL

4/21/2008, 12:12 PM (Source: GlobeNewswire)
Issuers of listed transferable securities are, according to the
Securities Trading Act section § 5-11 required to provide Oslo Stock
Exchange with a document listing all relevant information they have
made available to the public over the preceeding 12 months in
compliance with their legal obligations.
 
Attached is an overview for BXPL from 31 March 2007 until  1 April
2008
 
For further information, please contact
Kjell Erik Drevdal, CEO, 91643552
Gunnar dolven, CFO, 90853168
 
About Badger Explorer ASA
Badger Explorer ASA is developing a revolutionary method for
exploration and verification of oil and gas prospects, called Badger
Explorer. Badger Explorer drills down and buries itself in the
underground, equipped with numerous sensors, which measure and
register vital formation and physical data. The method provides a
substantially lower risk, cost and complex operation compared to
utilising an expensive conventional drilling rig.
The crushed formation cuttings are transported through the tool,
deposited and compressed in the void behind the unit. Potential
excess volume is injected into fractures generated by Badger
Explorer. The unit is connected to a combined power and signal cable
which again is connected to the surface. The unit is powered by
electricity and transmits data signals to the surface through the
cable.
 
In addition, the wholly owned Badger Plasma Technology AS subsidiary
has an exclusive licence to exploit the patented plasma channel
drilling (PCD) technique developed at Britain`s University of
Strathclyde. The solution is removing scale and other obstructions in
production/injection wells with the aid of sparks generated at high
electrical voltages.
www.bxpl.com

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