RE: $$$$$NEWS$$$$UPDATE$$$$$Nordic Reports Successful New Well at Lloydminster11/27/2009 1:01 PM - Canada NewsWire
WINNIPEG, Nov. 27, 2009 (Canada NewsWire via COMTEX News Network) --
Logs show three metres of pay; rig moving to second location today
DonaldBenson, President & CEO of Nordic Oil and Gas Ltd. ("the Company"or" Nordic") announced today that drilling and casing have beencompleted at the Company's 12-14-50-2W 4M well in Lloydminster,Alberta, and that the interpretation of the logs indicate there arethree meters of pay in the Sparky zone.
"The completion of thiswell will bring to nine the number of wells on production atLloydminster and more importantly, will add to our reserves report tobe completed at year-end," Mr. Benson stated.
The rig will be moving today to the next location, where drilling of the second well will commence tomorrow.
About Nordic Oil and Gas Ltd.
NordicOil and Gas Ltd. is a junior oil and gas company engaged in theexploration and development of oil, natural gas and Coal Bed Methane inAlberta and Saskatchewan. The Corporation is listed on the TSX VentureExchange and trades under the symbol NOG.
<< Neither theTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of the contents of thisNews Release. >>
This press release containsforward-looking statements with respect to Nordic Oil and Gas Ltd.properties, and matters concerning the business, operations, strategy,and financial performance of Nordic. These statements generally can beidentified by use of forward-looking words such as "may", "will","expect", "estimate", "anticipate", "intends", "believe" or "continue"or the negative thereof or similar variations. Such forward-lookingstatements are qualified in their entirety by the inherent risks anduncertainties surrounding future expectations, including that theestimates and projections regarding the properties are realized.Forward-looking statements are based on a number of assumptions whichmay prove to be incorrect. Unless otherwise stated, all forward lookingstatements speak only as of the date of this press release and Nordicdoes not undertake any obligation to update such statements except asrequired by law.
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SOURCE: Nordic Oil & Gas Ltd.