Aladdin Oil & Gas Company ASA’ daughter company OOO Geotechnologia has increased gas production from earlier level around 100.000m3/day to around 125-130.000m3/day at current levels. This equals around 800 boepd.

The oil production in Orenburg is stable around 160-170 bopd.

Total production for the group companies is just below 1000 boped at current stage.

The Chairman comments:

“I am pleased to see production and revenue stream increasing from our assets. We are close to pass a milestone by producing above 1000 boped.”

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