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April 20 , 2007

NORDIC RECEIVES 2006 ENGINEERING REPORT

Total Proved Reserves Up Significantly; Number of New Drillable Locations Total 56

WINNIPEG, MB. (April 20, 2007) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) (“Nordic” or “the Company”), today announced that the Company has received its 2006 Engineering Report and that it will be filing its Statement of Reserves and Other Oil and Gas Information on SEDAR shortly. The Report provides an independent evaluation of certain Nordic oil and gas assets in Joffre, Alberta, Canada, as at December 31, 2006.

The Report states that for conventional gas, Total Proved Reserves were up substantially to 244.7MMcf as opposed to 185.5MMcf at the end of 2005. In evaluating the Company’s CBM reserves, Total Proved, as at December 31, 2006, was 611.9MMcf, compared to nil at the end of last year; and, for Natural Gas Liquids, Total Proved at the end of 2006 was 0.8Mbbl, compared to 0.4bbl at the end of 2005. This translated into 143.6Mboe* as at the effective date versus 31.3Mboe* at the start of the year.

The Report also indicates that the Company’s Proved plus Probable Additional for Coal Bed Methane (CBM) had risen sharply to 1,102.7MMcf as at the effective date, compared to 107.8MMcf at the end of 2005, however the Proved plus Probable Additional for Natural Gas had declined to 585.3MMcf from 1,955.6MMcf at the end of last year.

Furthermore, the Report includes 56 new locations of wells to be drilled in the Joffre area as follows:

While these new locations were noted in this year’s Report, the engineers also removed a number of former locations that had appeared in previous year’s Reports, citing the fact that no new wells had been drilled at these locations in 2006. This is due to the fact that these lands are currently involved in litigation with the lessor of the free-hold leases, which has prevented the Company from drilling any wells on the lands.

“While we are obviously delighted to see our Total Proved Reserves increase this past year along with the number of new locations now available to us for drilling, we are nevertheless disappointed that these other locations have been dropped,” commented Mr. Benson

At present, Nordic Oil and Gas Ltd. has six producing wells in the Joffre area, along with three Coal Bed Methane wells and one Belly River well drilled and cased. It is anticipated that these wells will be on production in the second quarter of 2007.

Nordic Oil and Gas is a junior oil and gas exploration company, which is listed on the TSX Venture Exchange and trades under the symbol NOG.

For additional information, contact:

Donald Benson
Chairman & CEO  
Nordic Oil & Gas Ltd.
Tel: 204-956-5042
Fax: 204-897-7154
E-mail: dbenson57@shaw.ca