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November 5, 2007 NEWS RELEASE  For Immediate Release Fluid Lift System Installed on Nordic’s 15-12-38-25 W4 Well Well Producing at 150 MCF/Day WINNIPEG, MB. (November 5, 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’s 15-12-38-25 W4 well in Joffre, Alberta, Canada, which has been awaiting the installation of a fluid lift system, has now been placed on production. The well was originally drilled and cased in November 2006 into the Basal Belly River formation and a month later, Nordic announced that the initial interpretation of the analysis on the well indicated a presence of multiple gas zones gas in the Belly River formation. “We are pleased to finally have the fluid lift system in place, allowing us to bring this new well into production,” Mr. Benson stated, adding that this now brings to seven the number of wells in Joffre that Nordic has on production. This follows the announcement last week that a fluid lift system had been installed at the Company’s 16-20-38-24 W4 well, also in Joffre. Current production at the 15-12 well is 150 MCF/day, bringing the total production in Joffre to 625 MCF/day, which equates to 105 BOE/d/.* “We await the tie-in of four standing wells, which we believe based on test results, are capable of doubling our current production,” Mr. Benson said. “These tie-ins are to be completed during this quarter, if all goes as planned.” Gas volumes are currently restricted by line pressure, “however we anticipate that future installation of compression will substantially enhance our production,” Mr. Benson added. 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 term BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploration and drilling success, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Corporation’s management on the date the statements are made. The Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. The TSX Venture Exchange has not reviewed nor accepts responsibility for the adequacy or accuracy of the contents of this News Release. 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