Milestones

2012
Dec Letter of intent signed to fund U.S. drilling
2011
Dec South Greene Field enters development phase
May Fram discovers oil in Williston Basin, USA
Apr Fram Exploration seeks Oslo Axess listing
2010
Oct First oil sale from Inniss-Trinity field
Jul First oil sold from Whitewater Field (Mansur 33-1-K well)
Jul Oil discovered in Whitewater Field
Jun US Bureau of Land Management certifies Siminoe 32-2-J as paying well, issues notice indefinitely extending all Whitewater leases
Feb Signed Eastern Fields Incremental Production Service contract with Petrotrin
2009
Oct Acquired 12,400 acres in the Williston Basin
Aug Drilled the first two horizontal wells on the Whitewater lease
May Increased ownership of the Whitewater lease to 95%
May Raised USD $10 Million in a private placement of the company’s shares
Apr Increased ownership of the Whitewater lease to 45.6% and assumed operatorship
Mar Submitted bid for two fields in 2009 licensing round onshore Trinidad & Tobago
2008
Oct Pre-qualified in 2009 licensing-round in Trinidad & Tobago
Sep Purchased 30% of Whitewater lease, Colorado, USA, with option to increase to 75%
2007
Nov Company founded in Trondheim, Norway
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