Saga Oil ASA (OSL:SAGA.OTC) (Stavanger, 7 November, 2008)

SAGA Oil ASA sold 5 591 barrels of oil in October.

About SAGA Oil ASA

SAGA Oil ASA was established in October 2005 to focus on exploration, development and production of oil and gas assets in Russia. SAGA Oil currently holds two production licenses in Orenburg region through its Russian subsidiary.

SAGA Oil has it's headquarter in Stavanger, Norway, and has around 60 employees in Norway and Russia. The company's shares are listed at the OTC market (Over the Counter-List) in Oslo, Norway.

For further information, please contact:

SAGA Oil ASA - CFO Lasse K Fjell, +47 51 63 08 00, email: lf@sagaoil.no

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/137028/R/1267807/279839.pdf

Saga Oil ASA

http://www.sagaoil.no/

ISIN: NO0010298318

Stock Identifier: OSE.SAGA.OTC

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