Nordic Oil and Gas and Desoto Resources Seeking Expedited Trial Date in Litigation with Encana Corporation

Seeking ratification of freehold leases, plus $111 million in overall damages, including $100 million in punitive damages

WINNIPEG, Nov. 22, 2011 /CNW/ - Lawyers representing Nordic Oil and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG), and its joint venture partner, Desoto Resources Limited ("Desoto"), along with lawyers representing Encana Corporation ("Encana") appeared in Court of Queen's Bench of Alberta on Monday, November 21, 2011 and have agreed to file a Standard Case Litigation Plan, thereby moving the matter between the two parties to trial.

"Both parties agreed on a Litigation Plan and we will be making application to the trial coordinator for an expedited trial date," stated Donald Benson, President and CEO of both Nordic and Desoto. "As such, it is anticipated that the trial will take place in early 2012."

Nordic Management Ltd. ("Nordic Management"), a company controlled by Mr. Benson and another officer of the Company, has entered into an agreement with Nordic Oil and Gas Ltd. and Desoto Resources Limited whereby Nordic Management will provide financial assistance to the two companies with regard to the legal fees associated with this matter.

The setting of the trial date comes after it was announced last April that the Alberta Court of Appeal ruled in favour of Nordic and Desoto in regard to setting aside a Summary Judgment previously received by Encana. The matter at hand relates to the validity of numerous freehold leases in Joffre, Alberta, which were issued by Pan Canadian Petroleum Limited, a predecessor to Encana.

"These valued lands consist of 2.5 sections, which have been proven for the production of both Natural Gas and Coal Bed Methane ("CBM")," Mr. Benson stated. "Current spacing allows for as many as 12 CBM wells and 12 Belly River Natural Gas wells to be drilled.

"Perhaps the sweetest highlight of these leases is the fact that they are subject to only a 15% royalty," he added.

In addition to the ratification of the leases, Nordic and Desoto are also seeking damages totaling $111 million, of which $100 million are in the form of punitive damages.

Furthermore, the Nordic/Desoto lawyers will also be making an application to the Court with respect to the Court of Appeal Bill of Costs that have yet to be returned to Nordic and Desoto following the April 1, 2011 judgment in their favour.

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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