Aladdin Oil & Gas Company ASA’ subsidiary OOO Veselovskoe has been granted a 20 years extension of Voinskoe oilfield production license. The field was discovered in 1980 by drilling of the well #96. The field is located around 20km near the railway station Zaglyadino, Orenburg region.

The Chairman comments:

“To be granted this 20 years production license extension is an important step in developing Company assets and reducing license risk.”

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