Operational update

Aladdin Oil & Gas Company ASA is pleased to announce that on 25th of November, AOGC has reached its planned 2013 production target of 303 693 boe.

Current daily production rate is at circa 660 boepd. Temporary production decrease is caused by planned workover of well 57 in Orenburg.

Sredne-Sedyelskiy Exploration license was recently extended up to 31/12/2014.

Management update

Board of directors and management of the company continue to work on strategic review, and search for investors, that will enable the company to accelerate its current development plans.

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