WINNIPEG, Sept. 10 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or, the "Company"), today
announced that the Company now has four wells on production at Lloydminster,
Alberta, with a further two expected to come on production shortly.
In addition, three new well locations have been identified at
Lloydminster and surveying is set to begin shortly, with drilling to follow
At Joffre, Alberta, the Company's new Belly River well has been drilled,
cased and logged and will come on production in the coming weeks. "We expect
this to be a strong producing well for us and will significantly impact our
production from the Joffre area," Mr. Benson said. Furthermore, the Company
will be licensing three new wells at Joffre shortly.
"We now have 10 wells on production in Alberta," stated Mr. Benson. "With
two more expected in Lloydminster and another four in Joffre, this will bring
to 16 the number of wells we will have on production by the fall, resulting in
significant increases in both our production volumes and revenue totals."
At Preeceville, Saskatchewan, the drilling rig is expected to be on site
in the next few days and weather permitting, the 14-14 well, which was
initially drilled to 400 metres in 2005, will be spud next week.
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.
The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this News Release.
This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
Company expects to occur, are forward looking statements. Forward looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may
differ materially from those in forward looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking
statements include market prices, exploration and drilling success, continued
availability of capital and financing and general economic, market or business
conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
Forward-looking statements are based on the beliefs, estimates and opinions of
the Company's management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other factors,
For further information:
For further information: Donald Benson, Chairman & CEO, Nordic Oil & Gas
Ltd., Tel: (204) 956-5042, Fax: (204) 897-7154, E-mail: email@example.com,