News OutNordic Continues its Efforts to Line-up Services for Acid Job at Endeavour Well; Company Plans to Drill Second Endeavour Well Using Nitrogen
Three New Wells to be Drilled at Lloydminster
WINNIPEG, Manitoba - (February 8, 2011) – Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the “Company” or “Nordic”), (TSXV: NOG) announced today that the Company has been delayed in its attempts to arrange all the services for the acid job at its 4-11-35-4 W2 well site in Endeavour, Saskatchewan.
“We have been anxious to commence the acid squeeze at the well, however we must be patient as services will be hard to come by until break-up next month,” Mr. Benson stated.
“We remain positive and upbeat regarding the potential of this well and the project in general given the report provided to us by Paul Lafleur*, P.Eng, President of Petro-Find Geochem (“Petro-Find”),” he added. “Analysis of 11 fluid samples exhibit significantly high concentrations of benzene indicative of oil accumulations. Of particular significance is swab PB26Z (combined swab for intervals 937-939.5, 927-930, 917-920.5), which shows a benzene level of 2.55 ppm plus significant concentrations of toluene, ethyl benzene, and xylene. As such, it is Mr. Lafleur’s belief that the well penetrated either a new, or the edge of a new oil pool in the Red River Formation. The abnormally high concentration of C8-C10 (2.8 ppm) in this sample further supports this finding.”
In his report dated January 16, 2011, Mr. Lafleur stated: “The oil found in the Preeceville/Endeavour area may indicate a new Petroleum System not seen elsewhere.”
With regard to the Company’s second well in the Endeavour region located at 12-22-35-4 W2, Mr. Benson also announced today that the Company is planning to amend its previously received well license to allow it to drill the well using nitrogen.
“Nitrogen gas is often used in the drilling process to avoid damaging fragile shales. This will allow us to test for gas inflow during the drilling of the shallow portion of the well,” he said. “Once we are through the Colorado Shales, we will revert to a mud system while