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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.


NYSE:NOG - Post by User

Bullboard Posts
Comment by Wortepon Nov 27, 2009 1:26pm
307 Views
Post# 16530731

RE: $$$$$NEWS$$$$UPDATE$$$$$

RE: $$$$$NEWS$$$$UPDATE$$$$$
Nordic Reports Successful New Well at Lloydminster
11/27/2009 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.

%SEDAR: 00015188E

SOURCE: Nordic Oil & Gas Ltd.

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