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 complete.
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 Exchange.
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.
For further information: For further information:
Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.
E-mail: [email protected]