EXTREME COLD EFFECTS THE BADGER EXPLORER FULL SCALE TESTING

1/14/2010, 5:55 PM (Source: GlobeNewswire)
The extreme cold of Northern Europe during the last month has had effects on the
progress of the full-scale test of the Badger Explorer. Therefore it has become
necessary to implement extraordinary technical, operational measures as well as
health and safety measures related to personnel which all together have
complicated and delayed the testing. There will be operational limitations until
the temperatures allow full progress of the full scale test again.

"The Badger technology and in particular the test operations contain several
uncertainty factors as well as risk elements. Operating in the extreme cold
would result in additional risk elements which have to be avoided at this stage
and which are not in the interest of the Company, our partners and our
shareholders. Because of the current weather conditions we have decided to
proceed in a controlled and responsible manner to avoid any harm to personnel
and the Badger Explorer prototype", says Kjell Erik Drevdal, CEO of Badger
Explorer ASA.

The completion of the full-scale test will depend on a positive development in
the weather and temperature conditions. Extensive compensatory actions are
evaluated and considered to be introduced in case the cold stretches into
February.


For further information, please contact:

Kjell Erik Drevdal, CEO, Badger Explorer ASA
Tel: +47 52 97 45 15
Mob: +47 91 64 35 52


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 utilizing 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.

www.bxpl.com


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1373691]







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.