Nordic Expands its Land Base with Acquisition of New P & NG Leases in Virden Oil Field in Manitoba

WINNIPEG, Nov. 23, 2011 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company" or "Nordic"), announced today that the Company has obtained its first property in Manitoba through the acquisition of the Petroleum & Natural Gas rights on four contiguous quarter sections of land in the Virden Oil Field in the southwestern region of the province.

Nordic will be seeking to acquire existing seismic to identify the best location for the first of four wells that will be drilled in 2012. The Company will be exploring in the Mississippian formation for Lodgepole production, and from the Three Forks Group, which includes the Bakken zone.

"As a Winnipeg-based company, we are delighted to have made our first acquisition of land here in Manitoba," Mr. Benson stated. "The Virden Oil Field is the most prolific in the province and the town of Virden has become known as the 'Oil Capital of Manitoba'".

The majority of Manitoba's current oil production is located in the southwest region of the province, along the northeastern flank of the Williston Basin, a sedimentary basin that also occupies portions of southern Saskatchewan, North Dakota, South Dakota and Montana.

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 Exchange.

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.
Tel. 204-229-7751
Fax: 204-943-1829                       
E-mail: donbain1@mts.net
www.nordicoilandgas.com

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