Growth Through Successful Exploration and Drilling Strategies

Operations Nordic Oil and Gas operations are focused in Alberta, one of Canada's primary areas for oil and gas exploration, and in east-central Saskatchewan. Alberta accounts for just over 80 per cent of the natural gas produced in Canada - itself the world's third-largest supplier of the gas - and exports about three-quarters of its production outside the province's boundaries. Nordic’s assets in Alberta and Saskatchewan consist of the following: An 85% interest in 4,480 gross acres of land in Joffre, Alberta, Canada, approximately 30 kilometres east of Red Deer. At present, the Company has nine wells on production on its Joffre lands – four Belly River wells, one Viking well and four CBM wells. An 80% interest in 31,999 gross acres of petroleum & natural gas leases, with rights to the basement, in the Preeceville/Endeavour region of east-central Saskatchewan.  There is no production coming from this region at present. A 33 1/3% interest in approximately 1,000 acres in the Lloydminster region of Alberta. At present, there are nine heavy oil wells on production at Lloydminster averaging approximately 110 BBL/d A 100% ownership position in three sections - approximately 1,920 acres - in the Peace River Arch region of northwestern Alberta. Although this land has yet to be developed, the Company has licensed three wells in the region and expects to drill each of them by the end of 2010. Currently, there is no production at Talbot Lake. The Company, in conjunction with its joint venture partner, Western Warner Oils Ltd., owns 3,856 hectares (9,528 acres) of coal leases located at Drumheller, Alberta. Currently, there is no production at Drumheller.

The Joffre Property • Coal Bed Methane The Preeceville Property The Peace River Arch Property The Lloydminster Property The Drumheller Property Underground Coal Gasification