Aladdin Oil & Gas Company ASA (AOGC) has agreed on a NOK 50 million placement towards Highmoor Business Corporation Ltd. (HBC). The payment deadline expired yesterday.

AOGC has not received the agreed amount, and consequently HBC has failed to make the payment within the deadline.

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.