Yesterday a meeting was held with the holders of one of the bonds to Oil & Gas Company ASA (AOGC).

The Loan Trustee has extended the grace period. This allows the company time to perform financial restructuring.

This is for the bond with ISIN NO 001040032.8

For further information, please contact
CFO Jørn Barkenes (+47 91727440)

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.