Nordic Oil and Gas Provides Update on Drilling Activities at Endeavour, SK
WINNIPEG, Dec. 13 /CNW/ - An unforeseen difficulty in securing the services of a cementing company has resulted in a short delay to the start of drilling Nordic Oil and Gas Ltd.'s (the "Company" or "Nordic"), (TSXV: NOG) new exploration well in the Endeavour/Preeceville area of east-central Saskatchewan. However, the problem has now been resolved, the required services have been secured and work at the 4-11-35-4 W2 site is expected to commence tomorrow.
"We spent considerable time last week trying to secure the required cementing services, a vital component to the overall drilling process," said Nordic Chairman and CEO, Donald Benson.
"There are some 600 rigs working in the field at present and this has resulted in a shortage of some services required by Company's like Nordic who are trying to get a well started in a somewhat remote area," he added. "It was a frustrating few days however, now that a cementing company has become available and we have reached an agreement with them, we are anxious to get the drilling of our well started."
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.
For further information:
Don Bain, Corporate Secretary.
Nordic Oil and Gas Ltd.
Tel. 204-229-7751
Fax: 204-943-1829
E-mail: [email protected]
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