Company Remains Optimistic and Upbeat About its Endeavour Well
WINNIPEG, Jan. 19 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil
and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG) announced that
two key elements with regard to the Company's 4-11-35-4 W2 well site in
Endeavour, Saskatchewan have been posted on the Nordic website - www.nordicoilandgas.com.
The first item on the site is excerpts from the report prepared by Paul
Lafleur, P.Eng, President of Petro-Find Geochem ("Petro-Find").
"Mr. Lafleur is an experienced geologist who is highly respected in his
field," Mr. Benson stated. "His opinions are sought by many companies
in the energy sector and as we stated in our News Release on January
18, 2011, his report on "Oil Potential Based on Benzene Concentrations
in Formational Brines of Well 04-11-035-04W2 in Endeavor, Saskatchewan"
is very positive and encouraging."
The second item posted on the Company's website is a link to a video of
the well shot through the use of down-hole camera equipment, along with
a selection of still shots. Both provide high resolution visuals of the
four intervals that were perforated and swabbed.
"In every zone the video clearly shows in-flow from some of the
perforations," Mr. Benson said. "However, in the majority of cases,
perforations which were adjacent or nearby to those showing in-flow,
appeared to be plugged."
This is one of reasons the Company intends to acidize the well. Well
acidizing is achieved by pumping acid into the well to dissolve
limestone, dolomite and calcite cement between the sediment grains of
the reservoir rocks.
Discussions are now taking place with a highly regarded company that
specializes in this type of work, and the Company will mobilizing the
equipment to perform the acid squeeze as soon as it becomes available.
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.