WINNIPEG, June 2 /CNW/ - Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or, the "Company"), today
announced that the Company has seen some indications of the presence of oil
during the drilling of its first well at Preeceville, Saskatchewan.
"Our site geologist has advised us that he has found an oil film and
droplets of oil in the drilling fluid coming over the shaker, and that he has
seen some oil staining on samples taken," Mr. Benson said. "Analysis of the
stained samples has shown the existence of fluorescents, an indication that
oil may be present. Furthermore, our site geologist has also stated that some
samples have good porosity."
However, due to the intersection of faults, the well deviated and the
drilling tools became lodged in the hole and cannot be dislodged. As a result,
the well is being abandoned and the rig will be deployed to the second site
where drilling will commence this week.

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