Alberta Court of Appeal Rules in Favour of Nordic and Desoto Resources Regarding Summary Judgment Previously Received by Encana Corporation

WINNIPEG, April 1 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG), and its joint venture partner, Desoto Resources Limited ("Desoto"), are ecstatic to announce that the Alberta Court of Appeal has ruled in favour of Nordic and Desoto in regard to setting aside a Summary Judgment previously received by Encana Corporation ("Encana").

"This represents a significant decision in our favour, which will now allow us to proceed to trial in the matter of the validity of numerous freehold leases in Joffre, Alberta, which were issued by PanCanadian Petroleum Limited, a predecessor to Encana," Mr. Benson stated.

These valued lands consist of 2.5 sections, which have been proven for the production of both Natural Gas and Coal Bed Methane (CBM). 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," Mr. Benson said

"This matter has been a burden to both Nordic and Desoto since 2003 and we are now looking forward to a final resolution from the courts," he added.

Nordic and Desoto are seeking damages, including $100 million in punitive damages.

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. 204-956-5042
Cell 204-229-7751
Fax: 204-943-1829

Profil de l'entreprise

Nordic Oil & Gas Ltd.

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