EXTRAORDINARY GENERAL MEETING 19 APRIL 2010

Reference is made to announcement by Petrolia Drilling ASA on 25 March

2010 with respect to item 4, election of a new Board of Directors, on

the agenda for the Extraordinary General Meeting to be held on 19 April

Independent Oil & Resources ASA owns 26.6% of the shares in the Company.

Petrolia Drilling ASA faces several challenging tasks in the coming

periods. Some of the current board members have been on the Board for a

long time. Independent Oil & Resources ASA therefore feels it

appropriate that these are replaced with candidates which both have the

experience from the industry, as well as having experience from similar

challenging operations.

Independent Oil & Resources ASA proposes the following candidates for a

new Board of Directors:

- Berge Gerdt Larsen, new member, with extensive experience from the

oil and drilling industry.

- Erik J. Frydenbø, new member, lawyer, Chairman of Petromena ASA,

with extensive experience from

the drilling industry.

- Unni Tefre, existing member.

Current Board of Directors totals five members. It is our opinion that

the Board of Directors should be amended and strengthened with two more

members to be elected on the Company's ordinary general meeting in June

2010. We consequently encourage other shareholders to propose

appropriate candidates for this election.

Stavanger/Bergen 13 April 2010

Independent Oil & Resources ASA

This information is subject of the disclosure requirements acc. to §

5-12 vphl (Norwegian Securities Trading Act)

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