Promising Initial Phase of Badger Explorer’s Self-Burial Test

12/17/2009, 9:11 AM (Source: GlobeNewswire)
Badger Explorer ASA has completed the initial phase of the full scale testing of
the Badger Explorer drilling tool with promising results. The pioneering work of
this phase involves comprehensive verifications and valuable adjustments.Due to
the need for documentation and to ensure the success of the pioneering efforts
during the initial phase, the ongoing full scale self-burial testing will
stretch into January 2010. A successful self-burial will be a proof of the
patented Badger Explorer technology.

Throughout 2009 Badger Explorer ASA has worked towards the completion of the
prototype phase and the next milestone - the full scale self-burial test. In
addition to development and improvements of the drilling tool extensive efforts
have been made to identify and find a suitable location for the testing of the
full scale prototype of the Badger Explorer. The test site is established and
the work of the previous months has yielded results that support an optimistic
view on the upcoming self-burial test.

In order to ensure positive self-burial test results, several start-up holes
will be drilled during the coming weeks. Launch and compaction tubes that
provide the drilling tool with a starting position are installed. This is a
value adding element and the experience gained will provide input for the
development of a similar solution for the use in future seabed operations of the
tool.

“We have chosen to extend the testing by pre-drilling several 13-15 meter wells
and to prepare these with launch and compaction tubes. In addition to providing
relevant operational experience, this is carried out because of the force
generated by the compaction module which requires anchoring and counterweight.
This is important because it confirms the tool’s capabilities and the concept’s
ability as indicated through previous tests”, says Kjell Erik Drevdal, CEO of
Badger Explorer ASA.

“We have had significant progress over the past months. However it has been time
consuming to carry out the mobilization, technical adjustments and verification
of processes and functionalities. The adjustments we have made will strengthen
our ability to carry out a successful self-burial test. I consider the
self-burial as the end of the prototype phase and the transition into the
pre-commercial phase.” Kjell Erik Drevdal concludes.

The Badger Explorer is a revolutionary new method/device for detailed mapping of
oil and gas reserves at a substantially lower risk, cost and complexity than
utilizing an expensive drilling rig. Compared to the existing exploration
methods the Badger Explorer will also lower the risk of environmental pollution
and will greatly reduce the disturbances commonly associated with exploration
activities. The Badger Explorer project arose great attention from oil companies
and  the oil service industry.  The Company has entered into partner agreements
with the oil companies ExxonMobil, Shell and Statoil.

The prototype version (previously known as the Demo50) is a robotic
electro/hydraulic prototype tool that is steered by a PC based SCADA system via
a 50 meter cable. All primary functions are tested and verified.

The Badger Explorer project is fully financed until its commercialization
including the technical, operational and financial assistance from client
partners. The activity level of the markets Badger Explorer aims to serve is
high and the Company experiences significant interest in the concept. Combined
with the anticipated test results Badger Explorer is looking forward to 2010 -
an eventful year for the Company with a high activity level, further development
and improvement of the Badger Explorer drilling tool and preparations for the
commercial launch of services.

For further information, please contact:

Kjell Erik Drevdal, CEO, Badger Explorer ASA, office +47 529 74515, mob +
47 916 43552
Gunnar Dolven, CFO, Badger Explorer ASA, office +47 529 74540, mob +47 908 53168

www.bxpl.com


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