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Message: Nordic plans new test well at Preeceville, SK utilizing specialized equipment

Nordic plans new test well at Preeceville, SK utilizing specialized equipment

posted on Jan 28, 2010 10:32AM

Nordic plans new test well at Preeceville, Saskatchewan utilizing specialized equipment

	    WINNIPEG, Jan. 28 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("the Company" or "Nordic"), is pleased to
provide an update on several of the Company's properties and the initiatives
that are either underway or being planned:


	    Back in July of last year, the Company, along with its Joint Venture
partner, Western Warner Oils Ltd., entered into a strategic development
agreement with a major international oil company, whereby Nordic has the
opportunity to earn an interest in six townships which that company owns in
Preeceville. Plans call for new 3-D seismic in the region to be processed and
interpreted, which will provide Nordic with key information and data in the
selection of its next well location.
	    "When we first began exploring this region, we were searching for what is
known as the Prairie Evaporate Salt Collapse Edge'," Mr. Benson stated. "We
now believe we have found the Salt Collapse Edge on our original holdings and
these six townships contain a salt cap, which is acting as a trap for oil
and/or gas.
	    "We further believe that with new drilling technology available to us, we
will be successful in unlocking the enormous reserves of natural gas that
industry consultants have confirmed are in the region, he added. "The test
well that we will be drilling will be utilizing specialized equipment on the
drilling of the shallower portion of the well, thereby allowing the gas, which
we know to be there, to flow."
	    The Company continues to be bullish about its Preeceville lands, and, "we
eagerly anticipate getting back to this region and drilling our test well,"
Mr. Benson added. "We were certainly buoyed by the fact that we discovered so
many oil seeps in the region and although our initial exploration drilling
activities in the area did not result in a commercially productive well, the
findings that we uncovered gave us considerable optimism for a return to


	    The Company's property near Talbot Lake in the Peace River Arch region of
northwest Alberta is comprised of 7,040 acres of P&NG leases. The lands have
been evaluated by independent geological and geophysical consultants and based
on this evaluation the Company is very excited about the potential in the
	    "Various consultations are currently ongoing and we anticipate drilling
our first well at Talbot Lake before break-up occurs in the region," he added.
"Our interpretation of the seismic suggests that the location of the 1,500
metre-deep test well that we are planning correlates directly with an historic
oil well drilled just two miles to the south of us."


	    As was noted in the Company's News Release dated January 21, 2010, Nordic
plans to drill seven new heavy wells at Lloydminster. Seven wells were drilled
at Lloydminster prior to the end of 2009, and the first two are now on
production. The remaining five wells from this group will be placed on
production during the first quarter.
	    "We have had a strong success rate in our drilling initiatives thus far
at Lloydminster," Mr. Benson said. "Of the wells to date, 15 of 16 have been
	    Also at Lloydminster, processing and interpretation of new 3-D seismic
will be completed in the first quarter, "following which we expect to identify
a location for our first horizontal well in the region. It is our hope that
this will be the first of several new horizontal wells for the Company in
	    Industry sources suggest that horizontal wells in this region will
produce between 125 to 250 barrels of oil per day.

	    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.

	    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

	    * The projections in this new release are consistent with the Company's
	        current Reserves and Engineering Report prepared by Chapman Petroleum
	        Engineering Ltd.

	    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: Don Bain, Corporate Secretary, Nordic Oil and
Gas Ltd., Tel. (204) 832-7717, Fax. (204) 943-1829, E-mail: [email protected]
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