*Nordic Oil and Gas Ltd. is an independent oil and gas company actively engaged in the exploration, development and production of oil, natural gas and Coal Bed Methane (CBM) in Alberta and Saskatchewan.

*The 10B-22-50-2-W4 well, the second of the seven new wells drilled over the past several weeks, has been placed on production. In addition, a second new well, 15B-6-50-1-W4 (the fifth of the seven wells drilled) is expected to come on production before the end of December. The remaining five new recently completed wells will be brought on production in the coming weeks.

*Furthermore, an additional three wells will be drilled in Lloydminster during the first quarter of 2010, thereby completing the Company’s 10-well program.

*With the addition of these two new wells, Nordic now has a total of 10 wells on production at Lloydminster.

*Company Highlights*

*Engineering report credits Nordic's Net Present Value at $17.5 million

*Approximately $2 million raised in flow-through offferings in 2009

*Approximately $500,000 raised in debenture financing in 2009

*10 heavy oil wells on production at Lloydminster

*5 new heavy oil wells coming on production at Lloydminster

*Share price is currently being held down till final PP is closed expecting it to close anytime now. Just Closed 11:50 a.m.

Worth keeping an eye on it here is a company already in production and bringing in revenue as always do your own DD.