Growth Through Successful Exploration and Drilling Strategies
May 26, 2008 NEWS RELEASE
Nordic Oil and Gas Signs Contract for Drilling Rig;
Rig to be on Site at Preeceville Today
WINNIPEG, MB. (May 26, 2008) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (“Nordic” or the “Corporation”), announces that the Corporation has signed a contract with a drilling company to commence drilling the first of two wells on Nordic’s Preeceville, Saskatchewan property. Transportation of the rig began early this morning and it should be at the first well site today.
Weather permitting, the first well will be spud either late today or on Tuesday, May 27. As stated previously, it is expected that drilling will take between four and five days to complete. The rig will then be moved to the second site, where clearing and preparation is now being completed.
“We have secured one of the best rigs available as we intend to drill to the basement, which is about 1,200 metres in depth,” Mr. Benson stated. “Again, weather permitting, we should have both wells drilled by June 9, 2008.”
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.
The TSX Venture Exchange has not reviewed nor accepts responsibility for the adequacy or accuracy of the contents of this News Release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Nordic’s periodic reports including the annual report. Nordic undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events
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