OOO Geotechnologia, a subsidiary of Aladdin Oil & Gas Company ASA, is granted a 20 years production license for the gas field on the MS-license in Ukhta.

OOO Geotechnologia is granted a 20 years production license for the gas field #1 area on the MS license near Ukhta in the Komi Republic, Russia. This is a major achievement for the company and secures the company’s interest in the license for the next 20 years. The license was issued a week ago by KomiNedra.

The fact that Geotechnologia has finalized this very important process with success, confirms the operational, technical and administrative skills of the company and adds crucial expertise and experience to the management, says COO Espen Glende

For further information, please contact:
COO, Espen Glende (90 60 54 34)

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.