New Series of Oil Slicks Discovered on Nordic Land at Endeavour
For Immediate Release
WINNIPEG, MB. (May 16, 2011) -Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (“Nordic”), (TSXV: NOG) announced today that Petro-Find Geochem Ltd. (“Petro-Find”), the Company that discovered oil seeps on the Nordic land in Preeceville in 2007, has encountered a new series of oil slicks at Endeavour, in close proximity to the Company’s exploration well drilled this past winter.
Paul Lafleur, P. Eng., President of Petro-Find says that the most significant oil slick is located approximately a mile-and-a-half from Nordic’s 4-11 well drilled in December. Another oil slick is located on the northern border of Township 35, which is the Nordic land.
Two other locations where oil slicks were encountered are at the confluence of the Lillian River and Kop Creek at the south end, just outside on township 35.
“Based on this evidence, it is safe to say that oil slicks on Lillian River are derived from Kop Creek, which may be the surface representation of a fault,” Mr. Lafleur stated.
Mr.Lafleur further states that he is referring to this latest discovery as “oil slicks” rather than “oil seeps”, “because we don’t know their exact origin.”
“This latest discovery by Mr.Lafleur further reinforces our belief that the Endeavour/Preeceville area of east-central Saskatchewan is a region of great promise and potential,” said Mr. Benson. “Given this exciting news, we are anxious to return to the 4-11 well site to complete the acid squeeze and determine if we need to frac the well.”
Analysis of 11 fluid samples taken from the 4-11 well back in January exhibited significantly high concentrations of benzene, indicative of oil accumulations, Mr. Lafleur stated.
“Of particular significance is swab PB26Z (combined swab for intervals 937-939.5, 927-930, 917-920.5) which shows a benzene level of 2.55 ppm plus significant concentrations of toluene, ethyl benzene, and xylene,” he added. “It is believed that the well penetrated either a new pool, or the edge of an oil pool in the Red River Formation. The abnormally high concentration of C8-C10 (2.8 ppm) in this sample supports this finding.” Still photographs of this latest discovery of oil slicks at Endeavour can be seen later today on the Nordic website: www.nordicoilandgas.com.
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. TheCorporation 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.
Paul Lafleur is a graduate Geological Engineer from the Colorado School of Mines and a graduate of the University of Western Ontario. He has many years of experience practicing his Profession as a geologist, engineer and mineral economist. During the last eight years, Mr. Lafleur has been engaged as a Geological Engineer to conduct geochemical soil gas surveys for oil and gas. Currently, he is the President of Petro-Find Geochem Ltd. of Saskatoon SK.
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 additional information, contact:
Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.