2nd of Seven New Wells to be on Production by Year-End
WINNIPEG, Dec. 23 /CNW/ - The first of the new Nordic Oil and Gas Ltd. ("the Company" or "Nordic") heavy oil wells in Lloydminster is now on production!
Nordic President & CEO, Donald Benson, announced today that 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.
"We are pleased to bring these first new wells on production before the end of the year," Mr. Benson stated. "This sets the stage for what we feel will be a strong and exciting start to the New Year for Nordic Oil and Gas."
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.
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 & Gas Ltd.
For further information: For further information: Don Bain, Corporate Secretary, Nordic Oil and Gas Ltd., Tel. (204) 943-1810, Fax. (204) 943-1829, E-mail: firstname.lastname@example.org, www.nordicoilandgas.com