PetroJack Recieves Unsolicited Offers

Reference is made to Petrojack ASA's stock exchange notice of March 19, 2006 regarding the Marketing and Purchase Option Agreement with Transocean that expired March 15, 2006.

Petrojack ASA has subsequently received unsolicited offers to purchase 1 or all 3 Petrojack Rig owning companies. The offers are subject due diligence and certain conditions.

The indicated price level for the rigs is on average just above USD 200 mill per rig in the received offers.

Petrojack ASA is pleased with the interest in its rigs.

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