During the past few days, there has been significant transactions of Aladdin Oil & Gas Company ASA-shares in the OTC-market. There has also been unusual high activity for buying shares outside the OTC-market as well.

Aladdin Oil & Gas Company ASA (AOGC) avail of information to the effect that there is significant activity for buying shares in the Company outside the OTC-market. A number of our shareholders have been contacted by two Norwegian stockbrokers, with an offer to buy their shares. Apparently, there is one foreign buyer, who intends to buy a significant stake in the Company. The reason why the shares are bought outside the OTC-market, is to avoid the share price to increase on the stock exchange.

The Board of Directors recommends all shareholders to wait with an eventually accept of the bid until the extra ordinary shareholders meeting have taken place tomorrow, Thursday 18th of February. The Board have reason to believe that the actual buyer will be present or represented at tomorrow’s shareholders meeting, and is then expected to give an orientation of the background for buying of shares in AOGC.

For futher information, please contact
COB Einar Askvig, (+34 666 508 510)

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.