As previously announced the Company has been working over well 5LK in order to restart gas production. The work over is now completed successfully and the well tested 20.000-25.000 m3 of gas per day. The well is presently cleaning out to improve the production parameters and build up necessary pressure to start producing gas into the sales line. Due to the different pressures at wells 5-LK and 7-VDE the flow rates are being adjusted to ensure simultaneous gas deliveries from the both wells into the sales line.

A work over has now started on well 4VKD which is planned to be completed during January. The result of this work will be announced at the earliest opportunity.

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.