WINNIPEG, Manitoba - November 21, 2012 - Further to its News Release dated October 25, 2012, Donald Benson, President & CEO of Nordic Oil and Gas Ltd. ("the Company" or Nordic"), provided the following update with regard to the activities taking place at the Company's 4-11-35-4 W2 well at Sturgis/Preeceville/Endeavour in Saskatchewan:
"We are planning to bring a service rig back on to the well site and shutting off the lowest of the four intervals that were previously perforated. Furthermore, we are also contemplating fracking the other three perforated zones."
In other news, Mr. Benson also announced today the passing of long-time Nordic Board member, Michael Mann, P.Geol. Mr. Mann had been a Director since 2002, and was also the Company's consulting geologist.
"Mike was with us from the very early days prior to Nordic's Qualifying Transaction that led to our listing on the TSX Venture Exchange," Mr. Benson said. "He played an integral role in the Company and his experience and expertise will be missed."
Mr. Mann owned and operated Michael Mann & Associates Limited since 1994, and was actively engaged for many years in performing wellsite supervision for major oil companies. Mr. Mann was also a member of the Board of Directors of Nordic's "sister company", Western Warner Oils Ltd., a company that was established in 1926.
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.
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 additional information, contact:
Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.
E-mail: [email protected]