Licensed received for second well in area; drilling to commence shortly
WINNIPEG, Dec. 15 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil
and Gas Ltd. (the "Company" or "Nordic"), (TSXV: NOG) is pleased to
announce that drilling activities have now commenced in Endeavour,
Saskatchewan where the first of two new exploration wells has been
spud. Drilling is expected to take approximately four to five days to
This is the first of two exploration wells planned before year-end in
the Endeavour region of east-central Saskatchewan. Toward this end, Mr.
Benson also announced today that the Company has received its well
license from the Saskatchewan government, for the second well located
at 12-22-35-4 W2. The lease is currently being prepared and the Company
plans to commence drilling this second new exploration well at
Endeavour following the completion of the 4-11 well.
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 & Gas Ltd.
For further information: For further information:
Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.