Latest News

14
Jul
2008
General News - 14 July, 2008
(Oslo, 1st of July 2008). Aladdin Oil & Gas Company ASA has carried out the first part of the test of the upper zone on the gas well 1C on the MS license in Timan-Pechora.
20
Jun
2008
General News - 20 June, 2008
(Oslo, 16th June 2008). Aladdin Oil & Gas Company ASA has completed the first part of the testing of the latest gas well on the MS-license in Timan-Pechora. The test results so far are promising and show excellent production properties.
13
Jun
2008
Announcements - 13 June, 2008
(Oslo, June 12th, 2008). Aladdin Oil & Gas Company ASA has drilled another successful gas well on the MS-license in Timan-Pechora. The well indicates that the structure is larger and the gas zone is thicker than previously thought.
23
May
2008
General News - 23 May, 2008
(Oslo, 22 May 2008) Aladdin Oil & Gas Company ASA reported an operating loss of NOK 6.2 million in the first quarter of 2008, following the investments and operating activities on the company's Russian licences. The company expects the existing fields in Orenburg to produce 500 to 700 bopd by the end of 2008.
20
May
2008
General News - 20 May, 2008
(Oslo, May 13 2008) Aladdin Oil & Gas Company ASA has entered into a letter of intent to acquire 80 percent of four Russian oil licences in the Orenburg-area for USD 17, 5 million. One of the licences is presently in production and produces approximately 250 barrels of oil per day. The total reserves, C1 and C2, are estimated to 25 million barrels.
18
Apr
2008
Announcements - 18 April, 2008
(Oslo, 18. April 2008) Aladdin Oil & Gas Company ASA has succeeded in raising NOK 45 million in the previously announced Private Placement. The Private Placement was at NOK 10,50 per share. The new equity will be used to finance the company's capital expenditure program at licences in Russia. NOK 40 millions was guaranteed by a consortium of existing shareholders at NOK 10, 50 per share
09
Apr
2008
Announcements - 09 April, 2008
(Oslo, April 9th, 2008) The Board of Directors of Aladdin Oil & Gas Company ASA (“Aladdinâ€) has resolved to conduct a Private Placement of up to NOK 50 million to finance the company's program on licences in Russia. The Private Placement will be directed towards institutional and professional investors. NOK 40 million has been guaranteed by a consortium of existing shareholders to price NOK 10.50.
01
Apr
2008
Announcements - 01 April, 2008
(Oslo, 31 March 2008) Aladdin Oil & Gas Company ASA has completed re-activation of Well #65 on the Bogdanovskaya license in Orenburg. The well is now being tested and produces over 100 barrels per day. The production rate is expected to increase further through the perforation of additional zones as well as by pumping
25
Mar
2008
General News - 25 March, 2008
(Oslo, 25 March 2008) The processing and interpretation of Aladdin Oil & Gas Company ASA's recent 3D seismic on the Bogdanovskaya-license in Orenburg has revealed the existence of a substantial reef structure. The structure covers approximately 5 sq.kms and has the potential of holding 200 Million barrels of oil in place. This is a promising development.
18
Mar
2008
Announcements - 18 March, 2008
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