Nordic Continues its Efforts to Line-up Services for Acid Job at Endeavour Well; Company Plans to Drill Second Endeavour Well Using

Three New Wells to be Drilled at Lloydminster

WINNIPEG, Feb. 8 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG) announced today that the Company has been delayed in its attempts to arrange all the services for the acid job at its 4-11-35-4 W2 well site in Endeavour, Saskatchewan.

"We have been anxious to commence the acid squeeze at the well, however we must be patient as services will be hard to come by until break-up next month," Mr. Benson stated.

"We remain positive and upbeat regarding the potential of this well and the project in general given the report provided to us by Paul Lafleur*, P.Eng, President of Petro-Find Geochem ("Petro-Find")," he added. "Analysis of 11 fluid samples exhibit significantly high concentrations of benzene indicative of oil accumulations. Of particular significance is swab PB26Z (combined swab for intervals 937-939.5, 927-930, 917-920.5), which shows a benzene level of 2.55 ppm plus significant concentrations of toluene, ethyl benzene, and xylene. As such, it is Mr. Lafleur's belief that the well penetrated either a new, or the edge of a new oil pool in the Red River Formation. The abnormally high concentration of C8-C10 (2.8 ppm) in this sample further supports this finding."

In his report dated January 16, 2011, Mr. Lafleur stated: "The oil found in the Preeceville/Endeavour area may indicate a new Petroleum System not seen elsewhere."

With regard to the Company's second well in the Endeavour region located at 12-22-35-4 W2, Mr. Benson also announced today that the Company is planning to amend its previously received well license to allow it to drill the well using nitrogen.

"Nitrogen gas is often used in the drilling process to avoid damaging fragile shales. This will allow us to test for gas inflow during the drilling of the shallow portion of the well," he said. "Once we are through the Colorado Shales, we will revert to a mud system while drilling our oil targets."

In other news regarding the Company's Lloydminster, Alberta initiatives, Mr. Benson further announced today that Nordic and its partners in the region will be undertaking the drilling of three new wells in the area - C6-24-050-02W4, 3D-11-050-02W4 and C7-14-050-02W4. The project is to drill, complete, equip and bring onto production each of the three wells. When completed, this will bring to 17 the number of wells on production at Lloydminster, and will have a positive impact on the production totals coming from this area. Nordic has a 33 1/3% interest in all of the wells at Lloydminster.

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.

* Paul Lafleur is a graduate Geological Engineer from the Colorado School of Mines and a graduate of the University of Western Ontario. He has many years of experience practicing his Profession as a geologist, engineer and mineral economist. During the last eight years, Mr. Lafleur has been engaged as a Geological Engineer to conduct geochemical soil gas surveys for oil and gas. Currently, he is the President of Petro-Find Geochem Ltd. of Saskatoon SK.

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.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.