Let's Share the News!!Nordic's Makes Exploration Discovery in Dina Zone at Second New Lloydminster Well12/2/2009 9:20 AM - Canada NewsWire
WINNIPEG, Dec. 2, 2009 (Canada NewsWire via COMTEX News Network) --
Logs show potential for three metres of pay in both Dina & Sparky zones
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 second new well in Lloydminster, Alberta,and that the interpretation of the logs indicate there are severalmetres of pay in both the Dina and Sparky zones.
Michael Mann,Nordic's Geologist, has reviewed the logs for the 10B-22-50-02 W4 welland double checked them with the logging company's wireline analyst,and states: "They have agreed with me that both the Dina and Sparkyzones look prospective and that we should perforate the upper part ofthe Dina oil zone consisting of 3 metres. In addition, the Sparky alsolooks to have about 3 metres of pay there."
"This represents anexploration discovery for Nordic in the Dina zone where there should bevirgin pressures and the possibility of substantial production," Mr.Benson stated. "We are moving a service rig onto the well and willperforate the Dina zone and test the well's production capability."
Thecompletion of this well will bring to 10 the number of wells to be onproduction at Lloydminster, "and should substantially add to ourreserves report to be completed at year-end," added Mr. Benson.
The rig has been moved as is currently at the next location, where drilling of the third well commenced on Monday.
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 the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of the contents of thisNews Release.
This press release contains forward-lookingstatements with respect to Nordic Oil and Gas Ltd. properties, andmatters concerning the business, operations, strategy, and financialperformance of Nordic. These statements generally can be identified byuse of forward-looking words such as "may", "will", "expect","estimate", "anticipate", "intends", "believe" or "continue" or thenegative thereof or similar variations. Such forward-looking statementsare qualified in their entirety by the inherent risks and uncertaintiessurrounding future expectations, including that the estimates andprojections regarding the properties are realized. Forward-lookingstatements are based on a number of assumptions which may prove to beincorrect. Unless otherwise stated, all forward looking statementsspeak only as of the date of this press release and Nordic does notundertake any obligation to update such statements except as requiredby law.
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SOURCE: Nordic Oil & Gas Ltd.
DonBain, Corporate Secretary, Nordic Oil and Gas Ltd., Tel. (204)943-1810, Fax. (204) 943-1829, E-mail: donbain1@mts.net,www.nordicoilandgas.com