Old NRLooking at the results of the POP well where it appears they might have discovered a new pool i would like to post this old company NR from Mr. Benson. I usually try not to post old NR's as it can be construed by some to be pumping. I will highlight the paragraph that i feel is very pertinent and perhaps the similarities that i see can be seen by others.
New Series of Oil Slicks Discovered on Nordic Land at Endeavour
5/16/2011 11:08 AM - Canada NewsWire
WINNIPEG, May 16, 2011 (Canada NewsWire via COMTEX News Network) --
Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. ("Nordic"), (TSXV: NOG) announced today that Petro-Find Geochem Ltd. ("Petro-Find"), the Company that discovered oil seeps on the Nordic land in Preeceville in 2007, has encountered a new series of oil slicks at Endeavour, in close proximity to the Company's exploration well drilled this past winter.
Paul Lafleur(1), P. Eng., President of Petro-Find says that the most significant oil slick is located approximately a mile-and-a-half from Nordic's 4-11 well drilled in December. Another oil slick is located on the northern border of Township 35, which is the Nordic land.
Two other locations where oil slicks were encountered are at the confluence of the Lillian River and Kop Creek at the south end, just outside on township 35.
"Based on this evidence, it is safe to say that oil slicks on Lillian River are derived from Kop Creek, which may be the surface representation of a fault," Mr. Lafleur stated.
Mr.Lafleur further states that he is referring to this latest discovery as "oil slicks" rather than "oil seeps", "because we don't know their exact origin."
"This latest discovery by Mr.Lafleur further reinforces our belief that the Endeavour/Preeceville area of east-central Saskatchewan is a region of great promise and potential," said Mr. Benson. "Given this exciting news, we are anxious to return to the 4-11 well site to complete the acid squeeze and determine if we need to frac the well."
Analysis of 11 fluid samples taken from the 4-11 well back in January exhibited significantly high concentrations of benzene, indicative of oil accumulations, Mr. Lafleur stated.
"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," he added. "It is believed that the well penetrated either a new pool, or the edge of an oil pool in the Red River Formation. The abnormally high concentration of C8-C10 (2.8 ppm) in this sample supports this finding."
Still photographs of this latest discovery of oil slicks at Endeavour can be seen later today on the Nordic website: www.nordicoilandgas.com.
ABOUT NORDIC OIL AND GAS LTD. Nordic Oil and Gas Ltd. is a junior oil and gas company engaged in the exploration and development of oil, natural gas and Coal Bed Methane in Alberta
I am certainly no authority on drilling, wells or pretty much anything underground but i feel that given this data NOG might very well have found something significant.
Regards