Second of Five Previously Drilled Nordic Wells Comes on Production at
Lloydminster; Third and Fourth Wells on by Mid-October

Company Waiting to Receive Well License for new Well at Preeceville/Endeavour; Drilling Anticipated to Start This Month

WINNIPEG, Oct. 8 /CNW/ - Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the "Company), (TSXV: NOG), is pleased to announce the completion of the second of the five standing cased wells which Nordic drilled in late 2009. Production from the 15-14-50-2 W4 well is currently being evaluated.

It is anticipated that the third well from this group of five will be on production early next week, while completion of the fourth well is scheduled for mid-October. The fifth standing cased well is expected to be completed later this quarter.

Based on current production estimates of 40 bbls/d per well (13 bbls/day net to Nordic), total production from the four additional wells is anticipated to average nearly 160 bbls/day (53 bbls/day net to Nordic).

"When the fifth and final well from this group comes on production later in the fourth quarter, Nordic could end the year with production of approximately 100 bbls/day from our interest in 14 heavy oil wells in Lloydminster," Mr. Benson stated.

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 33 1/3% interest in 18 wells at Lloydminster by the end of 2010 or early 2011.

Regarding the Company's impending new well at Preeceville/Endeavour in east-central Saskatchewan, the Company is currently awaiting approval of its well license application from the Saskatchewan government, and expects to move forward with drilling the exploration well shortly after receipt of the license.

"We anticipate that we will be in position to drill this new well in October, something we look forward to with great anticipation," added Mr. Benson.

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