Nordic Oil and Gas Ltd. - Second of Five Previously Drilled Nordic Wells
Producing 35 Barrels of Oil/Day at Lloydminster; Third Well Also Now on
Production

WINNIPEG, Oct. 12 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company), (TSXV: NOG), is pleased to announce that the  second of the five standing cased wells which Nordic drilled in late 2009 located at 15-14-50-2 W4, which was placed on production last week, is averaging approximately 35 gross barrels of oil per day. This translates into approximately 12 barrels of oil per day net to Nordic.

In addition, the third well from this group of five, the 4-24-50-2 W4 well, has also been placed on production, but has encountered some initial sand issues. Nevertheless, the well is still producing approximately 20 barrels of oil per day gross, and this is expected to increase when the sand issues have been addressed. Completion of the fourth well is scheduled for mid-October, with the fifth standing cased well expected to be completed later this quarter.

Further updates on the new wells will be issued later this week when the Company receives additional and new information from the operator at Lloydminster.

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.

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For further information:

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