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News from an active fall season

Bonner # 1, Lafayette Co. Arkansas. A new potential discovery. This well lays ground for additional drilling in this type of trap.

Searcy # 2, Lafayette Co. Arkansas. The well will according to the operator start producing around Dec 10. This acceleration well will substantially increase production from this reservoir while adding a small amount of reserves.

Ledbetter # 1, Lafayette Co. Arkansas. The well will commence drilling approximately Dec 7.

Mestayer # 1, Iberia Parish, Louisiana. The well has reached a depth of 12 040 feet with total depth projected to 14 000 feet. Two oil and gas zones have been indicated so far. They have to be analysed further to assess productivity. When the drill string was being lifted in order to set intermediate casing it got stuck and currently work is being done to get it unstuck.

Little Village, Jefferson Parish, Louisiana. A drilling rig is being built that should be ready during firs quarter of 2006. It’s first drilling will be at Little Village prospect. Century Exploration is operating the well.

Ohio. Our first seismic shoot is ready and we are satisfied with the data quality. Leasing will commence in the most promising areas after analysis of the seismic. First drilling can be expected mid 2006.

Other. Stevens 3-d shoot in Arkansas will start in February 2006. Leasing have started in two areas where 2-d seismic will be shot within a month. Despite production interruption due to hurricanes, we estimate to show a profit for 2005.

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Emission in Ginger Oil AB Oversubscribed
Ginger Oil AB (publ) has successfully conducted an emission of 2,141,788 new shares in the company at a share price of 6.50 SEK. Total monies received by Ginger were 13,921,622 SEK. The offering was actually oversubscribed by 370%. Total subscription monies offered were 51,300,000 SEK.

After the emission, Ginger will have a share capital of 1,285,072.90 SEK. The share capital of the company is comprised of 11,350,729 B-shares and 1,500,000 A-shares at 0.10 SEK per share.

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Searcy #2, Bonner #1 and Ledbetter #1 to be drilled consecutively
Weiser Brown Oil Co, Ginger's operator in Arkansas has signed a contract with Mike Driscoll Drilling Co to drill three wells in Lafyette Country, Arkansas.

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Iberia Field - Drilling Rig Contract Signed
Ginger's operator in Iberia field has signed a contract with Grey Wolf Drilling Company, concerning the drilling of two wells in Iberia Parish, Louisiana.

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Desision Regarding New Emisson
Ginger Oil AB is today a profitable company. In order to expand in a
satisfactory manner we are offering existing shareholders the
opportunity to subscribe to new shares in the Company. The reason
for the new emission is to finance development of existing oil and gas
reserves and to acquire new projects.

Read our press release for more information.

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Effects of Hurricane Katrina
Hurricane Katrina has caused some changes in the drilling schedule.

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Project "Domino"
Operations continue in one of Ginger Oil's larger investments, the Domino area.

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