Aladdin Oil & Gas Company ASA (AOGC) has of today arranged a bondholders meeting in Oslo.

During the bond holders meeting this morning, representatives of the UK financial firm Waterford put forward an offer of purchasing of the various bonds issued by Aladdin Oil & Gas Company ASA.

If Waterford obtain an acceptance of the majority of the bonds, the firm will then subscribe to the private placing of 93 mill. shares for a total amount of NOK 46.5 mill. The company will also commit to further NOK 30 mill. at the same conditions.

For futher information, please contact
COB Einar Askvig, (+34 666 508 510)

Aladdin Oil & Gas Company ASA is a Norwegian based exploration and production company, head quartered in Oslo, with its shares traded on the OTC list under the ticker code AOGC. The company owns the Russian oil company OOO Geotechnologia which holds two licenses in the Timan-Pechora province in Northwest Russia, as well as 6 licenses through our companies ZAO Orneftegaz and OOO Veselovskoye in the Orenburg area.