Notification

Notification

Reference is made to the notification earlier today where focus was the
private placement transaction.

Berge Gert Larsen, chair of the board of Petrolia ASA, together with his
son controls two companies that own Petrolia ASA shares:

Company New shares New Balance % of shares
Larsen Oil & Gas AS 8 558 951 19 479 220 11,66 %
Increased Oil Recovery AS 435 000 0,26 %
Sum 8 558 951 19 914 220 11,92 %

Total shares once new shares are registered 167 078 463 100,00 %

Bergen/Oslo 9 September 2011