WINNIPEG, May 27, 2011 /CNW/ - Donald Benson, Chairman and CEO of Nordic
Oil and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG) announced
today that services are being lined up to undertake the acidization of
the Company's 4-11-35-4 W2 well drilled this past December in
"We are now in the 'queue' with the acid pumper and we are arranging for
the other services for the work to begin by the end of June," Mr.
Benson stated. "We are anxious to get back to the well site and move
forward as quickly as possible."
In January of this year, analysis of 11 fluid samples from the well
exhibited significantly high concentrations of benzene indicative of
oil accumulations. Following his interpretation of these samples, Paul
Lafleur, P. Eng.*, President of Petro-Find Geochem ("Petro-Find"), the
Company that made the discovery of the initial oil seeps back in 2008,
stated: "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, along with an abnormally high concentration of C8-C10 (2.8
Nordic also shot a video of the well, along with a selection of still
shots through the use of down-hole camera equipment, which provided
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."
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
* 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.