Ability Drilling Listing on Oslo Axess

FOR IMMEDIATE RELEASE

August 28, 2007

Ability Drilling – Listing on Oslo Axess

Ability Drilling ASA (“the Company”) has today sent an application for listing on Oslo Axess.

Contact person:

HANS PETTER EIKELAND, CEO e-mail: [email protected]

Ability Drilling ASA, Mail Box 242, N-5342 STRAUME NORWAY www.ability-drilling.no

Ability Drilling ASA is a Norwegian based onshore drilling contractor. The founders have extensive experience from the offshore drilling market with the ambition to transfer new drilling technologies developed offshore to the onshore drilling market, which has experienced limited technology development during recent decades.

The Middle East and North Africa region is the core market as this area represents 67% of proven oil reserves and 45% of proven gas reserves world-wide, and most of the reserves are located onshore.

Ability Drilling ASA has presently a manufacturing program for 42 state of the art 4 th generation drilling rigs and 42 work-over rigs. 4 drilling rigs and 2 work-over rig are under construction. The new drilling concept consists of a compact designed drilling package based on the rack and pinion principle. The constructor Sense EDM, aided by the experienced team from Ability Drilling ASA, have implemented all of the lessons learnt related to efficiency and health safety and environment (E-HSE) during drilling in the Norwegian North Sea over the last twenty years.

Our vision is to become the preferred land rig drilling contractor and to deliver excellent performance to our clients, exceeding their expectations of operational efficiency and safety standards.