Aladdin Oil & Gas Company ASA’s daughter company OOO Geotechnologia has been granted an extension of the MS exploration license until 31.12.2013.

This extension allows the company to further explore and develop the license in the coming years.

The Chairman comments:

“I am very pleased this important license has been extended. The license has proven its prospectivity and has further upside potential. The license is also key component in further development of the Ukhta gas business.”

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.