Petrolia Drilling ASA - Mandatory Notification Of Trade

Petrolia Drilling Norwegian Oil Company AS 100% controlled by Mr. Lars Moldestad, Managing Director of Petrolia Drilling ASA, has today, due to tax payment, sold 2.000.000 shares in Petrolia Drilling ASA at a price of nok 2,60 per share.

Following this Mr. Moldestad controls 2.003.201 shares in Petrolia Drilling ASA, representing a total of 0,20% of the shares outstanding in Petrolia Drilling ASA.

Bergen, 13 June 2008.

Petrolia Drilling

http://www.petrolia.no

ISIN: NO0003075301

Stock Identifier: OSE.PDR