WINNIPEG, Nov. 16 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) ("Nordic" or, "the Company"),
announced today that the laboratory analysis on the oil seeps discovered in
Preeceville, Saskatchewan, Canada has confirmed the presence of oil in the
first samples received. Analysis of additional samples is currently being
completed and results from these tests are expected shortly.
Commenting on the analysis received to date, Paul Lafleur, P. Eng.,
President of Petro-Find Geochem Ltd., the company hired by Nordic to undertake
hydrocarbon soil gas surveys in its two most northerly townships in
Preeceville, and who made the discoveries of the oil seeps said: "It is my
belief that all of the seeps encountered are from crude oil in a yet to be
The initial samples from the Geo-Chem survey indicated the presence of
methane, ethane and propane, along with a strong concentration of butane.
Looking ahead, Mr. Benson stated that the Company looks forward to
receiving the complete results of the Geo-Chem survey and the further analysis
of the oil seeps, "at which time we will be able to correlate this information
with our existing seismic we have already completed over these lands.
"If necessary, a small seismic survey may also be required prior to the
drilling of a well," he 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.
This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
Corporation expects to occur, are forward looking statements. Forward-looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Corporation believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may
differ materially from those in forward looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking
statements include market prices, exploration and drilling success, continued
availability of capital and financing and general economic, market or business
conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements. Forward
looking statements are based on the beliefs, estimates and opinions of the
Corporation's management on the date the statements are made. The Corporation
undertakes no obligation to update these forward-looking statements in the
event that management's beliefs, estimates or opinions, or other factors,
The TSX Venture Exchange has not reviewed nor accepts responsibility for
the adequacy or accuracy of the contents of this News Release.
For further information:
For further information: Donald Benson, Chairman & CEO, Nordic Oil & Gas
Ltd., Tel: (204) 956-5042, Fax: (204) 897-7154, email:email@example.com,