BADGER EXPLORER ASA - Plasma Channel Drilling Demo2000 test project concluded

6/19/2008, 3:20 PM (Source: GlobeNewswire)
Badger Explorer ASA subsidiary Badger Plasma Technology AS has
concluded its Demo2000 test project for the use of the Plasma Channel
Drilling (PCD) technology. In addition other applications have been
identified which will be investigated further due to promising
results.

"We are pleased with the results achieved during the Demo2000 test
programme and with the encouraging results from the scale removal
tests. Yet, there are remaining challenges, and Badger Explorer will
continue to evaluate the commercial viability of the PCD technology
and the future strategy for Badger Plasma Technology AS, expected to
be concluded within the first quarter of 2009", says CEO Kjell Erik
Drevdal of Badger Explorer ASA.

Removing different obstructions in production/injection wells are
applications which the PCD technology has been tested for with
interesting results. In addition the technology has been tested for
various other applications which will be investigated further. The
study, however, has concluded that the PCD-technology is not a viable
alternative to the current drill bit solution in the Badger Explorer
design.

Badger Explorer ASA in November 2006 concluded a licence agreement
with the University of Strathclyde, Scotland which has developed the
Plasma Channel Drilling (PCD) technology and holds the patent. On the
basis of the licence agreement and financial support from the
Research Council of Norway`s Demo2000 programme, a demonstration
project was launched in December 2006. The objective this project was
to demonstrate the suitability of PCD for use in drilling for oil and
gas under downhole conditions.

The PCD project has been undertaken by Badger Explorer ASA's
wholly-owned subsidiary Badger Plasma Technology AS. An agreement of
full financing of the PCD project was concluded by Badger Explorer
with Shell Technology Norway and Statoil in April 2007. The Demo2000
test has now been concluded and final project report has been
presented to the project steering committee and to the board of
Directors of Badger Explorer ASA.

Badger Explorer ASA will continue to assess the PCD technology, yet
considerable work remains with regards to fully model and understand
the plasma physics and to design robust down-hole tools. Until the
future strategy for Badger Plasma Technology AS has been fully
revised, Badger Explorer ASA CEO Kjell Erik Drevdal will remain in
charge of the subsidiary as acting CEO.

Badger Explorer ASA develops a revolutionary method/tool for
petroleum exploration, named Badger Explorer, and this project will
continue to be the company's main priority.

Further information, please contact:
Kjell Erik Drevdal, CEO, Badger Explorer ASA, tel +47 529 74515, mob
+ 47 916 43552
Gunnar Dolven, CFO, Badger Explorer ASA, tel+47 529 74540, mob
+47 908 53168

Or visit:
www.bxpl.com
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