In February, Aladdin Oil & Gas Company ASA (AOGC) issued shares totalling NOK 41 million. The payment deadline expired yesterday.

When AOGC issued 41 million shares in February, Telfor Intervest Ltd. (Telfor) was one of the subscribers. Telfor has failed to make the payment within the deadline.

AOGC communicates with Telfor in order to find a solution, and also with several other parties regarding this matter.

For further information, please contact:
Chairman of Board Einar Askvig (+ 34 666 508 510)

Aladdin Oil & Gas Company ASA is a Norway-based E&P company. Aladdin’s head office is located in Oslo, and the company is listed on the NOTC list of the Norwegian Securities Dealers Association (ticker code AOGC). The company owns the Russian oil company OOO Geotechnologia, which holds two oil licences for the Timan Pechora province in north-west Russia, as well as Company ZAO Orneftegaz and OOO Veselovskoye, which together hold six oil licences for the Orenburg region.