SP... up to where today....?

WINNIPEG, June 11 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or, the "Company"), is pleased to
announce that the Company has discovered oil in two formations at Preeceville,
Saskatchewan.
"The well reached the basement earlier today and we are currently
drilling a further 15 metres of overhole to allow for production," Mr. Benson
stated. "In addition, the logging equipment will be arriving later today."
On Saturday, while drilling was underway, the well was also logged after
the Company discovered live oil on the shaker. "After loosing the first well
due to intersecting a fault, we did not want to loose this well without
logging the interval," he added.
Further news will be released following the interpretation of the logs.
"What is required now is the interpretation of the logs, followed by
perforation of the two formations and production testing to determine
formation pressures and flow rates," Mr. Benson said. "After allowing the
cement to cure for a few days, we will be ready to perforate early next week.
"An oil discovery is what we were looking for, and now the all important
thing to determine is the production capability of the well," he added.

http://www.newswire.ca/en/releases/a...

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