Nordic Acquires New Land in Lloydminster, Including Existing Fully Equipped Well Bore

WINNIPEG, April 7 /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 acquired from an arm's length vendor, a 100% interest in the natural gas rights to a section of land in Lloydminster, Alberta known as 04-50-3-W4M. As part of this purchase, Nordic has also acquired a fully equipped standing well bore already tied-in to a nearby pipeline system.

"Our geological team has determined that the well can be perforated at a new interval," Mr. Benson stated. "With this in mind, we expect to have the workover on the well completed shortly and the well on stream by the end of April."

In addition, Nordic has also obtained a seismic option for the oil rights to this particular section. "Over the next four months or so, we will acquire trade data or perhaps shoot new seismic, or do both," Mr. Benson said.

This section of land that the Company has acquired is approximately 1 mile from Nordic's existing production in Lloydminster.

"We are very pleased with this new acquisition and believe that in addition to natural gas production, this could very well lead to substantial heavy oil development in the not-to-distant future for Nordic Oil and Gas," Mr. Benson 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 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                       


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Nordic Oil & Gas Ltd.

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