After the successful reactivating of well 5LK the Company has as earlier announced been working over well 4VKD. The work over is now completed successfully. The well is presently cleaning out to improve the production parameters and improve pressure.

Gas from both well 5LK and 4VKD is now being sent into the salesline. Combined production from the 2 wells is around 50.000m3/day.

The Company is currently working on sending gas from well 7VDE into the salesline to enhance production.

Statement from the Chairman:

“I am pleased that both well 4VKD and 5LK are back producing again and generating cash for the Company. This is a small step in the right direction and hopefully we will se production from well 7VDE into the salesline shortly as well to increase the production and cashflow further.”

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.