WINNIPEG, May 16 /CNW/ - 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 Lafleur1, 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
"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
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 and Saskatchewan. The Corporation is listed on the TSX Venture
Exchange and trades under the symbol NOG. Nordic was one of the "2008
TSX Venture 50" companies, a ranking of the top 10 public venture
capital companies in five industry sectors listed on the TSX Venture
(1) Paul Lafleur is a graduate Geological Engineer from the Colorado School
of Mines and a graduate of the University of Western Ontario. He has
many years of experience practicing his Profession as a geologist,
engineer and mineral economist. During the last eight years, Mr.
Lafleur has been engaged as a Geological Engineer to conduct
geochemical soil gas surveys for oil and gas. Currently, he is the
President of Petro-Find Geochem Ltd. of Saskatoon SK.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of the contents of
this News Release.
This press release contains forward-looking statements with respect to
Nordic Oil and Gas Ltd. properties, and matters concerning the
business, operations, strategy, and financial performance of Nordic.
These statements generally can be identified by use of forward-looking
words such as "may", "will", "expect", "estimate", "anticipate",
"intends", "believe" or "continue" or the negative thereof or similar
variations. Such forward-looking statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations, including that the estimates and projections regarding
the properties are realized. Forward-looking statements are based on a
number of assumptions which may prove to be incorrect. Unless otherwise
stated, all forward looking statements speak only as of the date of
this press release and Nordic does not undertake any obligation to
update such statements except as required by law.
SOURCE Nordic Oil
For further information:
Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.