PRELIMINARY REPORT AS PER 1ST QUARTER 2011

Please find attached the preliminary report as per 1st quarter 2011 for
Petrolia ASA.

For further information, please contact:

Mr. Kjetil Forland, Managing Director:
kjetil.forland@petrolia.no (kjetil.forland@petrolia.no)

Mr. Sølve Nilsen, Finance Manager:
solve.nilsen@petrolia.no (solve.nilsen@petrolia.no)

Bergen/Oslo, 31.May 2011

Board Of Directors

Petrolia ASA