Aladdin Oil & Gas Company ASA

Orenburg Seismic Program• 2D seismic (200 km) in Veselovskoye license Objective to: Obtain info about existing 4 discoveries Convert resources to reserves Prove up additional prospects mapped earlier Search for mid/deep Devonian Concept:• Depocenter just south ofVes license. No wells in this area havepenetrated the deep Devoinian Good potential for the license based on16 leadsand 4 known structures penetrated by wells. 8,5mln prelim 2P reserves ~50 mln prospective resources 60 km from Karachaganak field 6 wells - all discovered oil/condensate Crude oil founded 40-65 API degree. TNK BP fields Lebyazinskoye and Zagorskoye just3-5 km outside the license border. Excellent flowrates up to 2000 boepd17