RE: RE: RE: News from Don,.I'm a little curious about the real situation here regarding well # 1 - Here is Don Bain's response: "Hey Don I just wanted to give you a shout in regards to Well #1. In the press release you mentioned spring break up. Are we going to have to wait until the spring thaw happens? This was not really well clarified in the press release.THAT IS POSSIBLE, BUT AS I HAVE SAID IN THE PAST IT ALL DEPENDS ON THE AVAILABILITY OF THE REQUIRED SERVICES. SEEMS LIKE THE BIG COMPANIES HAVE A LOT OF THEM TIED UP FOR A PERIDO OF TIME AND IT'S DIFFICULT GETTING A FOOT IN THE DOOR. - IMO the real reason NOG is having problems completing this well is they have to pay debts with shares. Feb. 17, 2011 (Canada NewsWire Group) --
WINNIPEG, Feb. 17 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG) announced today that Nordic has entered into debt settlement agreements with four un-related parties for trade services, whereby debt of $23,181.00 will be settled through the issuance of 136,358 Class A Common Shares of the Company at a deemed price of
.17 per share. I'm not bashing here - I'm just trying to get the truth. Cheers and GL - K