WINNIPEG, June 4 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or, the "Company"), today
announced that the second well at Preeceville, Saskatchewan was spud late
yesterday and the surface casing is currently being cemented. It is
anticipated that drilling will take up to eight days to complete.
The Company does not intend to issue any updates during the drilling
process but will do so when drilling is concluded.
In other news, Mr. Benson also stated today that with the heightened
interest in the shale gas play being promoted by others in the region, Nordic
is currently re-evaluating its shale gas well that was drilled in 2006.
"It is being suggested that the recent run-up in the share price of some
of the companies that neighbour our land in Preeceville is due to the
abundance of shale gas in the region," he said. "Our well was perforated in
2006 at four intervals over a period of 10 hours. Management believes that the
Company's consultant should have waited a minimum of 24 hours between
perforation intervals in order to allow the formations to respond to the
perforation.
"Should there be the inflow that we anticipate, the Company will consider
fracing the various intervals," he added.
Unconventional gas sources are becoming a primary target for exploration
within the Western Canadian Sedimentary Basin, including Nordic's Preeceville
lands. "This region is now being heavily explored and Nordic is right in the
middle of it all," Mr. Benson stated.
Nordic has 6,720 gross acres of five-year P & NG leases in Preeceville
plus a further 101,760 gross acres of P & NG permits. The Company has shot
67 kilometres of seismic in the area and it has identified up to
80 exploration and development drilling locations.

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