(Oslo 14. April 2009) Aladdin Oil & Gas Company ASA has confirmed a gas discovery following perforation of the interval 570-575m in well #14A on Structure 14.

One interval in well #14A which was reported drilled to TD on 7th April this year has been perforated and resulted in a steady stream of gas to the surface over some time before the well was shut in for testing of shallower zones. Structure 14 is located approximately 20km southwest of Structure 1 and is a separate structure. This supports the assumption that there is a North-South running gas trend on the eastern part of the block.

This is in line with the company’s expectations. Further zones of interest in the well will be tested in the coming days. Thereafter a testing program will be conducted to determine if this is a commercial discovery.

Because of the spring thaw the company has decided to postpone testing of well #7A until later in the summer or winter, depending on accessibility.

- The drilling of a successful exploration well on a new structureand confirmed gas is exciting. Testing will determine if these are commercial volumes. The development of Structure 14 will be decided after the completion of a testing program, says General Manager Hans-Axel Jahren

For further information, please contact:
CEO, Hans-Axel Jahren (+47 900 70 873)

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 two licenses in the Timan-Pechora province in Northwest Russia, as well as the company ZAO Orneftegaz.