(Oslo, 7. April 2009) Aladdin Oil & Gas Company ASA has now completed the drilling of the exploration wells 7A and 14A on the MS-license in Ukhta.

Aladdin Oil & Gas Company ASA (AOGC) has completed the drilling of the wells 7A and 14A. The operations were successful and according to plan. Both wells have clear indications of hydrocarbons, and the logs and data from the wells are now being analyzed. Total depth well 7A: 629m, well 14A: 621m. Both wells terminated in basement.

The results from the analyses are expected to be ready by end of April.

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 in the Orenburg area.