New Well Comes on Production at Lloydminster; Three Others to Follow Shortly

Nordic's production could Rise to 90 bbls/day when all wells completed

WINNIPEG, Sept. 24 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company), (TSXV: NOG), is pleased to announce that the first of the five standing cased wells at Lloydminster that were drilled last December has been placed on production. The newly completed well, located on 10-6-50-1 W4M, is producing approximately 40 bbls/day of heavy oil (13 bbls/day net to Nordic) from the Sparky formation.

Pending weather conditions, the operator of the wells  expects to complete three of the remaining four standing cased wells by the end of September, with production rates from each anticipated to approximate the 10-6 well of 40 bbls/day gross (13 bbls/day net each to Nordic). This would result in a total estimated production from the four wells of approximately 160 bbls/day gross (53 bbls/day net to Nordic).

"Our share of the production from the 10-6 well means that Nordic's production from the Lloydminster wells should increase to approximately 50bbls/day," Mr. Benson stated. "When we factor in the next three wells, our production could increase by a further 40 bbls/day, bringing our overall total to approximately 90 bbls/day from the Lloydminster wells."

Mr. Benson added that Nordic and its partners in the region are planning to drill two new wells in Lloydminster before the end of this year, and have identified two wells for re-entry. As such, when all wells are on production, Nordic will have a 1/3 interest in 18 wells at Lloydminster by the end of 2010.

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. Nordic was one of the "2008 TSX Venture 50" companies, a ranking of the top 10 public venture capital companies in five industry sectors listed on the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

This press release contains forward-looking statements with respect to Nordic Oil and Gas Ltd. properties, and matters concerning the business, operations, strategy, and financial performance of Nordic. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the estimates and projections regarding the properties are realized. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and Nordic does not undertake any obligation to update such statements except as required by law.

%SEDAR: 00015188E

For further information:

Don Bain, Corporate Secretary.     
Nordic Oil and Gas Ltd.     
Tel. [phone]     
Fax: [phone]   
E-mail: [email protected]
www.nordicoilandgas.com