BADGER EXPLORER ASA - APPROVED ANNUAL ACCOUNTS FOR 2008

3/25/2009, 6:11 PM (Source: GlobeNewswire)
The Board of Directors of Badger Explorer ASA has today approved the
financial statements for 2008, which are identical to the preliminary
financial statements as previously presented on 18 of February 2009.

For further information, please contact:
Kjell Erik Drevdal, CEO, +47 916 43 552
Gunnar Dolven, CFO, +47 908 53 168

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.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.