19.10.2011

Aladdin Oil & Gas Company announces that gas well 7VDE on the gas field in Ukhta has been put on stream. The production is still in an early phase so the company will confirm production rates at a later stage.

The well was drilled and tested earlier this year. Since then the Company has been working on infrastructure which now is completed.

The work over is still ongoing for wells 4VKD and 5LK on the gas field. Production is expected from these wells in December.

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.