Petrolia Drilling ASA to Increase Shareholding in Petromena AS

Petrolia Drilling ASA has extended a forward contract of 25,000,000 shares in Petromena AS. New delivery date for the Petromena AS shares is October 3, 2006.

After the above mentioned transaction, Petrolia Drilling ASA controls 121,228,300 shares in Petromena AS, including the 25 million shares held under the forward contract with October 3, 2006 delivery, corresponding to 41.7% of the shares outstanding in Petromena AS.