In December 2012 the Board has initiated a strategic review of the Company’s business plan to identify appropriate actions for the Company.

The strategic review will examine and consider the alternatives available to the Company, both near and long term, with a view to enhancing business viability and realizing value of the Company assets.

Management and the Board are committed to acting in the best interests of the Company and its shareholders.

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 three licenses in the Timan-Pechora province in Northwest Russia, as well as 5 licenses through our company OOO Veselovskoye in the Orenburg area.