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November 14 , 2005

NORDIC OIL AND GAS LTD. ANNOUNCES FARM-OUT AGREEMENT WITH MAJOR EXPLORATION COMPANY

Nordic Secures Rig to Drill 14-14-39-5 W2 Well at Preeceville                                   

WINNIPEG, MB. (November 14, 2005) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., today announced the Company has signed an Agreement with a major Calgary-based exploration company specializing in Coal Bed Methane, to farm-out certain interests on two sections of land in the Joffre area.

The Agreement calls for two new Coal Bed Methane (CBM) wells to be drilled on sections 18-38-24 W4 and 24-38-25 W4.

It is anticipated that the first well will be drilled no later than January 2006 and the cost of drilling and completion of the first two wells will be for the account of the exploration company. Subsequent well costs will be shared on a 50-50 basis between the two companies.

“There is potential for up to 8 new wells to be drilled on these two sections as part of this Agreement,” Mr. Benson stated. “This is a very positive step for the Company and we look forward with great anticipation to advancing our CBM initiatives in the Joffre region.”

Nordic has an interest in 11 sections of land on its Joffre property, which contain coal seams in the Horseshoe Canyon formation at a depth of approximately 500 metres. It is thought that the Coal Bed Methane wells are capable of producing 200 to 300 thousand cubic feet per day (MCFD).

In addition to this news, Mr. Benson also announced today that Nordic Oil and Gas and its Joint Venture partner Western Warner Oils, have secured a rig to commence drilling the 14-14-39-5 W2 well in Preeceville. The Companies will have use of the rig for a seven-day period from November 23 to November 30 and the well will be spud during this timeframe. The well will be drilled down to the basement to a depth of approximately 350 metres.

On a further note, Mr. Benson also stated that Trident Exploration Corp. has received approval for the tie-in of the Trident/Nordic CBM well at 5-20-38-24 W4 in Joffre, and it is expected that this will take place in the next few weeks.

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.

The TSX Venture Exchange has neither approved nor disapproved the contents of this 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