WINNIPEG, May 25, 2011 /CNW/ - Donald Benson, Chairman and CEO of Nordic
Oil and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG), is pleased
to announce that the Company has licensed a new natural gas well at
Joffre, Alberta. The well, located at 11-18-38-24 W4 will be drilled
off the 5-18-38-24 W4 well pad. Once the second well is drilled and
completed, both wells will be tied in to the existing pipeline system.
In addition, the Company will also be completing a minor workover on its
16-20 well. It is anticipated that this will be completed by the end of
the second quarter.
When these initiatives are completed, this will bring to 12 the number
of natural gas and Coal Bed Methane wells on production at Joffre.
Furthermore, Mr. Benson also stated that two other wells in Joffre - the
6-24-38-25 W2 and the 10-12-38-24 W4 - will undergo further testing
"We are pleased to be moving forward with these initiatives in the
coming weeks, and look forward to significantly increasing our
production from the Joffre area by mid-year," he added.
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
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.