Nordic Oil and Gas Signs Contract for Drilling Rig; Rig to be on Site at Preeceville Today
WINNIPEG, May 26 /CNW/ -
Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or the "Corporation"), announces
that the Corporation has signed a contract with a drilling company to commence
drilling the first of two wells on Nordic's Preeceville, Saskatchewan
property. Transportation of the rig began early this morning and it should be
at the first well site by midday.
Weather permitting, the first well will be spud either late today or on
Tuesday, May 27. As stated previously, it is expected that drilling will take
between four and five days to complete. The rig will then be moved to the
second site, where clearing and preparation is now being completed.
"We have secured one of the best rigs available as we intend to drill to
the basement, which is about 1,200 metres in depth," Mr. Benson stated.
"Again, weather permitting, we should have both wells drilled by June 9,
2008."
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