The Board of Directors of Badger Explorer ASA (BXPL) announced the appointment of Øystein Larsen as the new Chief Executive Officer effective from 20th January 2016. Mr. Larsen has previously held the position as Chief Technical Officer of BXPL and has been working for the Company since 2009. Mr. Larsen succeeds Steinar Bakke, who after having lead the Company for the last 2.5 years, will retire after reaching the age of 67.

Mr. Bakke will assume the position as Senior Advisor focusing on Sponsoring Partners and Industrial Partnerships.