Aladdin Oil & Gas Company ASA finished an extensive multi rate test on production well 1C in the MS license on the gas field scheduled for production-start in September 2009. The well proves sufficient production capacity and commercial gas rates.

After having completed this test of the gas production well 1C in the Middle Sedolskaya (MS) license, AOGC can conclude with sufficient production capacity of up to 150.000 kubic meter og gas pr.day, or about 1000 barrels oil equivalents. Results show that the well alone has capacity to deliver committed sales volumes to Gazprom.

“The fact that we have proved sufficient gas production from one out of total tree wells in this structure proves that the wells have sufficient production capacity and the structure sufficient volumes, quotes Managing Director Pål Nedrelid”

For more information, please contact:
Managing Director Pål Nedrelid (+47 906 08 168)

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.