Badger Explorer ASA - Application for Support Approved by the Research Council of Norway

Badger Explorer ASA - Application for Support Approved by the Research
Council of Norway

The Research Council of Norway announced that BXPL's application through
the Demo2000 program for the support of the Badger Explorer Seismic
Field Demonstrator project has been approved. The project is planned to
commence in January 2012 with duration of three years. 

The project's main goal is to qualify the Badger technology required to
implement the first commercial Badger application and to use the Badger
tool as a carrier for seismic and/or EM transmitters and receivers to
map novel resources and monitor the exploitation of resources in mature
fields.

Stavanger, 11 November 2011

For further information, please contact:
David W. Blacklaw, CEO, cell phone +47 406 44 010, office +47 52 97 45
50
Gunnar Dolven, CFO, cell phone +47 908 53 168, office +47 52 97 45 40