The operational update is available on www.aogc.no

For further information please contact:
Chief Executive Officer Espen Glende, telephone # (+47) 906 05 434

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. The company has around 100 employees and is planning an Oslo Axess listing during 2008.