MANDATORY NOTIFICATION OF TRADE - CEO & Board Member

12/22/2008, 2:36 PM (Source: GlobeNewswire)
Mrs Kristine Holm, Board member of Badger Explorer ASA - BXPL- has
today purchased 10.000 bxpl-shares at NOK 7,00 via Invest OK AS. Mrs
Holms total holding of bxpl-shares after this transaction is 15.000
shares, all held via Invest OK AS.

Mr Kjell Erik Drevdal, CEO of Badger Explorer ASA - BXPL - has today
via his investment company
5K International AS purchased 10.000 bxpl-shares at an average price
of NOK 7,187.
Mr Drevdal's total holding of bxpl-shares after this purchase is
232.600 shares (1,26 % of the total number of outstanding
bxpl-shares)


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