Company Soon to Have Eight Heavy Oil Wells on Production in Lloydminster
WINNIPEG, Sept. 8 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("the Company" or "Nordic"), announced
today that the Company has completed drilling a new heavy oil well on its
Llolydminster, Alberta property. The 16-6-50-1 W4 well was drilled and cased
over the past week-end and will be perforated later this week.
The well was TD'd ('Total Depth drilled') in the General Petroleum (GP)
zone, "and the logs have indicated that we have pay in both the Sparky and GP
zones," said Mr. Benson. The Company will be testing two intervals in the
Sparky and one in the GP, with Mr. Benson adding, "This is the first time we
have had any shows in the GP zone."
In addition, Nordic will also be re-perforating its 10-22-50-2 W4 well in
Lloydminster later this week. "When this job is completed, and when we bring
the new well on stream, we will have eight heavy oil wells on production in
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
This press release contains forward-looking statements with respect to
Nordic Oil and Gas Ltd. Lloydminster property, 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 Lloydminster property 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.
For further information:
For further information: Donald Benson, Chairman & CEO, Nordic Oil and
Gas Ltd., Tel: (204) 956-5042, Fax: (204) 897-7154, E-mail: email@example.com;
Don Bain, Corporate Secretary, Nordic Oil & Gas Ltd., Tel. (204) 229-7751,
Fax: (204) 943-1829, E-mail: firstname.lastname@example.org; www.nordicoilandgas.com