The new Board of Directors in Aladdin Oil & Gas Company ASA (AOGC) is registered in the Norwegian Trade register (Foretaksregisteret) and the new shares is issued and distributed.
(Oslo, August 4th. 2010) Aladdin Oil & Gas Company ASA has now registered the equity issue and conversion of debt of July, in the Norwegian Trade Register - Foretaksregisteret. The shares will be issued as soon as possible.
(Oslo, July 29th. 2010) Last Tuesday Aladdin Oil & Gas Company ASA (AOGC) held an extraordinary general meeting, and a full financial restructuring plan was resolved. A share capital increase of NOK 30 mill were guaranteed.
Norwegian Trustee has notified the cancellation of its bond issues of NOK 115 million, plus accrued interest, if the Extraordinary General Meeting tomorrow not adopts the proposed restructuring.
Aladdin Oil & Gas Company ASA (AOGC) has renewed licenses in Ukhta. Gas production has been temporarily suspended to allow replacement of a valve and a wellhead. Field development plans have been approved in Orenburg.
At 19th of May, Aladdin Oil & Gas Company ASA (AOGC)'s XGM decided to raise minimum NOK 30 mill in new equity. The subscription period ended yesterday at 4 PM.
Aladdin Oil & Gas Company (AOGC) had due interest payments on two if its bonds, Monday 3rd May, totaling NOK 7,5 million. AOGC is in a dialogue with the bondholders regarding a re-structuring of the debt.
