Growth Through Successful Exploration and Drilling Strategies







Company Profile

Established in 2000, Nordic Oil and Gas Ltd. is a Manitoba corporation that is publicly traded on the TSX Venture Exchange under the symbol NOG.

Nordic’s assets consist of 4,480 gross acres of Petroleum and Natural Gas (P & NG) leases in Joffre, a proven oil and gas region of central Alberta. At Joffre, the Company currently produces approximately 500 mcf/d from seven natural gas wells. In addition, the Company also has a 42.5% interest in three Coal Bed Methane (CBM) wells, which are awaiting tie-in and another Belly River well. When all wells are on production, the Company will have 11 producing wells at Joffre.

In addition to its Joffre property, Nordic also has newly received two five-year P & NG leases over 6,720 gross acres at Preeceville, Saskatchewan. These leases were earned over the last five years as a result of exploration on the first of three Exploration Permits for petroleum and natural gas. The two remaining permits cover 101,760 gross acres at Preeceville.

The Company is currently drilling for oil in the region.

In 2007, the Company acquired approximately 8,000 acres of land in the Lloydminster and Peace River Arch areas of Alberta. It hopes to begin drilling in Lloydminster by early 2008.

The Company's strategy is to focus on properties that will provide long-term reserves, which will generate revenue and cash flow in both the near- and long-term. Since inception, Nordic has focused on low-risk development drilling aimed at increasing production and reserves in core areas. Nordic Oil and Gas will continue to increase its reserves and production base through land acquisitions, exploratory and development drilling, along with corporate mergers and acquisitions that will contribute to the overall growth and development of the Company and enhance shareholder value.

Nordic Oil and Gas Ltd. trades on the TSX Venture Exchange under the symbol NOG.

 

 

 

Growth Strategies

EXPLORATION

  • Oil discovered at Preeceville
  • Shale Gas and Coal Bed Metane
  • Conventional shallow gas at Joffre
  • Heavy Oil at Lloyminster
  • Properties with long-term reserves
  • Maintaining a high working interest in all regions where we are active

DEVELOPMENT

  • Properties with high drilling success rates
  • Maintaining a base of land for preserving an inventory of drillable prospects

Financings

In 2007, the Company had seven successful closings of new Private Placement Financings, six of which offered Flow-Through Shares plus Warrants, while the other was for Non-Flow-Through Shares. In total, Nordic issued 12,203,799 Flow-Through Units for gross proceeds of $4.34 million, and 600,000 Units of Non-Flow-Through, Class A Common Shares for the gross proceeds of $102,000.

In 2008, the Company has had three successful closings to date, for both Flow-Through and Non-Flow-Through Shares. Thus far, the Company has issued 5,880,267 Flow-Through Units for gross proceeds of $2.5 million and 266,750 Non-Flow-Through Units for gross proceeds of $106,700.