Nordic Oil and Gas Company News

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Nordic Secures Rig for Endeavour Exploration Wells
Nordic has secured a drilling rig for the first of its two new exploration wells at Endeavour, Saskatchewan.
7:00 PM EST | November 29, 2010
Saskatchewan Govt Gives Nordic Green Light to Drill at Endeavour
Nordic has received its well license from the Saskatchewan government, thereby paving the way for Nordic to commence drilling its new exploration well at Endeavour.
7:00 PM EST | November 09, 2010
Nordic Enters ELF Agreement
Nordic has entered into an agreement providing for an Equity Line Facility with Dutchess to provide capital during a 36-month period, through the issue of common shares.
8:00 PM EST | October 28, 2010
Nordic Closes Private Placement Offering
Nordic announced the first closing of the Corporation's previously announced private placement offering of flow-through units.
8:00 PM EST | October 25, 2010
Nordic Preps Lloydminster Well for Production
Nordic announced the completion of the second of the five standing cased wells which Nordic drilled in late 2009. It is anticipated that the third well from this group of five will be on production early next week.
8:00 PM EST | October 07, 2010
Nordic Revises Private Placement Offering
Nordic has discontinued its non-brokered private placement offering of up to 6,000,000 units at a price of $0.10 per unit for gross proceeds of up to $600,000.
8:00 PM EST | October 05, 2010
Lloydminster Well Pumps First Oil
Nordic announced that the first of the five standing cased wells at Lloydminster has been placed on production.
8:00 PM EST | September 23, 2010
Nordic Sells Lloydminster Assets to Western Plains
Nordic has executed a sale agreement with Western Plains Petroleum with respect to the sale of a 66 2/3% interest in the Company's land holdings and heavy oil wells to Western Plains.
8:00 PM EST | August 25, 2010
Nordic In Talks to Sell Lloydminster Property
Nordic announced that Western Plains Petroleum has re-opened discussions to acquire interest in Nordic's land holdings and heavy oil wells in Lloydminster.
8:00 PM EST | August 12, 2010
Nordic Terminates Asset Purchase Agreement with Western Plains Petroleum
Nordic has exercised its right to terminate the asset purchase agreement dated May 21, 2010 between the Company and Western Plains Petroleum.
8:00 PM EST | August 02, 2010
Nordic Preps Well Site in Saskatchewan
Nordic O&G has selected its well site location for the start of drilling its new oil well at Endeavour, Saskatchewan.
8:00 PM EST | July 19, 2010
Nordic to Take Stakes in Lloydminster Property
Nordic has entered into a formal purchase and sale agreement with Western Plains.
8:00 PM EST | May 25, 2010
Nordic Posts Financial, Operational Results for 2009
Nordic O&G announced the Company's financial results from operations for its fourth quarter and year ended December 31, 2009. All amounts referenced herein are in Canadian dollars.
8:00 PM EST | May 02, 2010
Nordic Sells Stake in Alberta Heavy Oil Assets
Nordic has formed a strategic alliance with Western Plains Petroleum and has sold a 50% interest in its Lloydminster property for $2.5 million.
8:00 PM EST | April 12, 2010
Nordic Secures New Exploration Well License in Alberta
Nordic Oil and Gas has received a license to drill a deep exploration well in Alberta.
7:00 PM EST | March 02, 2010
Nordic Plans New Test Well in Saskatchewan
Nordic, along with partner Western Warner Oils, is planning to drill a new test well at Preeceville, Saskatchewan utilizing specialized equipment.
7:00 PM EST | January 27, 2010
Nordic to Undertake New Private Placement Offerings
Nordic Oil and Gas intends to undertake two new non-brokered private placement offerings.
7:00 PM EST | January 20, 2010
Nordic Successfully Drills Third and Fourth Lloydminster Wells
Nordic Oil and Gas announced that drilling and casing of its new 15B-22-50-2-W4 and 4D-24-50-2-W4 heavy oil wells at Lloydminster, Alberta have been completed.
7:00 PM EST | December 09, 2009
Nordic Logs Potential Pay at New Well in Lloydminster, Alberta
Nordic announced that drilling and casing have been completed at the Company's second new well in Lloydminster, Alberta.
7:00 PM EST | December 01, 2009
Nordic Oil & Gas Snaps Up 10 New Well Licenses in Alberta
Nordic Oil and Gas has received the first of its anticipated 10 new well licenses in Lloydminster, Alberta.
7:00 PM EST | November 18, 2009
Nordic Oil & Gas Cites Higher Reserves, Up 25% in Alberta
Nordic Oil and Gas has received an updated Reserves and Engineering Report from an independent petroleum engineering company, which credits Nordic with a substantial increase in its Proved + Probable Reserves at Lloydminster, Alberta.
8:00 PM EST | October 07, 2009
New Nordic Heavy Oil Well Producing in Lloydminster, Alberta
Nordic Oil and Gas' new 16-6-50-2 W4 heavy oil well in Lloydminster, Alberta has been on production for one week.
8:00 PM EST | September 27, 2009
Nordic O&G Seeks Interest in Hunt-Owned Land in Saskatchewan
Nordic Oil and Gas has the opportunity to earn an interest in the Hunt-owned land in Preeceville, Saskatchewan.
8:00 PM EST | July 29, 2009
Nordic Oil and Gas to Undertake New Private Placement Offering
Nordic Oil and Gas intends to undertake a new non-brokered private placement offering for up to 10,000,000 units at a price of $0.125 per Unit for gross proceeds of $1,250,000 to various subscribers.
8:00 PM EST | July 12, 2009
Nordic President to Inspect Company Lands at Talbot Lake
Nordic's Chairman and CEO will be in Talbot Lake, Alberta today to inspect the Company's property in the region and to meet with a gas plant operator in the area.
8:00 PM EST | June 17, 2009
Nordic Oil & Gas Licenses First Re-Entry Well at Lloydminster
Nordic Oil and Gas has now licensed the first of its two new re-entry wells at Lloydminster, Alberta, and announced that the service rig would be on site today.
8:00 PM EST | June 10, 2009
Nordic Puts 4 Wells On Stream in Alberta with Plans for 2 More
Nordic Oil & Gas now has four wells on production at Lloydminster, Alberta, with a further two expected to come on production shortly.
8:00 PM EST | September 09, 2008
Nordic Receives License For 2nd Exploration Well At Preeceville
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced that the Company has received the second well license with regard to its upcoming drilling program.
8:00 PM EST | March 31, 2008
Nordic Oil and Gas Receives 2007 Reserves, Engineering Report
One of the highlights of the Report is that the Company has been credited with 540,000 barrels of Proved plus Probable heavy oil in Lloydminster, including 125,000 barrels of Proved and 25,000 barrels of Probable in five locations.
8:00 PM EST | March 25, 2008
Nordic Adopts Shareholder Rights Plan
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced that the Corporation has adopted a Shareholder Rights Plan, effective March 17.
8:00 PM EST | March 16, 2008
Nordic Oil and Gas Receives License for First Well at Preeceville
Amendments are currently being made to the survey for the second well license, and the Company expects that this well will be licensed sometime next week.
7:00 PM EST | March 06, 2008
Nordic Acquires Four Well Bores in Lloydminster
The acquisition of these wells bores by Nordic will result in the Company saving in the area of $750,000 to $800,000 -- the cost that would be associated with the drilling of four new wells in Lloydminster.
7:00 PM EST | March 05, 2008
Nordic Targets Drilling of First Preeceville Wells in March
The chairman and CEO of Nordic Oil and Gas Ltd. reported that both an Environmental Report and Land Surveys for surface leases have been completed in Canada on the land where the Company will be drilling its first two exploration wells.
7:00 PM EST | February 11, 2008
Nordic Appoints Former TSX Manager as CFO
Nordic Oil and Gas has hired Kevin Strong, CGA, CAE, CIM former Manager of the Winnipeg Office of the TSX Venture Exchange as a consultant, to undertake the duties of Chief Financial Officer.
7:00 PM EST | January 08, 2008
Nordic Identifies First Two Well Locations for Preeceville Drilling Program
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced that the Company has selected two initial well locations to commence its drilling program in Preeceville, Saskatchewan.
7:00 PM EST | January 07, 2008
New Options Issued to Nordic Officers, Directors, Consultants
<p>Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced that the Board of Directors has approved the granting of 1,570,000 stock options to various officers, directors and consultants of the Company.
7:00 PM EST | January 01, 2008
Nordic to Undertake Hydrocarbon Soil Gas Surveys at Preeceville
Nordic Oil and Gas starts hydrocarbon soil gas surveys in Preeceville to figure out where to drill next.
8:00 PM EST | October 17, 2007
Nordic Oil & Gas Closes Peace River Arch Acquisition
Nordic Oil and Gas has closed the previously reported acquisition of approximately 8,000 acres of Petroleum & Natural Gas leases in the Lloydminster and Peace River Arch regions of Alberta.
8:00 PM EST | September 26, 2007
Nordic Oil & Gas Closes Private Placement
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas reported the closing of the Corporation's previously announced private placement offering of units.
8:00 PM EST | September 16, 2007
Nordic's New Belly River Well Tested 820 MCF/day
Nordic's 11th well in Joffre, Alberta, Canada showed that the middle Belly River zone has gas rates of 18.5 10(3)m(3) at between 649.5 meters and 651 meters.
8:00 PM EST | August 28, 2007
Nordic to Drill New Basal Belly River Well
Nordic Oil has drilled its 11th well, and it believes the second to encounter gas, in the Basal Belly River zone in Joffre, Alberta, Canada.
8:00 PM EST | July 30, 2007
Nordic Oil and Gas Increases Peace River Arch Acreage
Nordic Oil and Gas has entered into an agreement to acquire approximately 8,000 acres of Petroleum & Natural Gas leases in the Peace River Arch and Lloydminster regions of Alberta.
8:00 PM EST | June 28, 2007
Nordic Completes Second Closing of Convertible Debenture Offering
Nordic Oil and Gas Ltd. has completed the second closing of its previously announced private placement offering of the Corporation of 2-Year 8% Convertible Debentures, in the aggregate amount of $227,000.
7:00 PM EST | December 21, 2006
Nordic Announces Initial Closing of Debenture Offering
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. on Thursday announced the initial closing of its previously announced private placement offering of 2-Year 8% Convertible Debentures.
7:00 PM EST | November 30, 2006
Logging Commences on Nordic's Recently Drilled Belly River Wells
Nordic Oil and Gas says that logging has commenced on the Company's two new Belly River wells - 15-12-38-25 W4 and 16-20-38-24 W4 - that were drilled and cased in Joffre, Alberta, Canada earlier in November.
7:00 PM EST | November 25, 2006
Nordic Set to Bring Two More Joffre Wells On Production
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., said late Thursday that the company has completed drilling and casing of its 15-12-38-25 W4 well in Joffre, Alberta, Canada.
7:00 PM EST | November 09, 2006
Nordic Completes Another Joffre Well
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. on Wednesday announced the Company has completed drilling and casing of its 16-20-38-24 W4 well in Joffre, Alberta, Canada.
7:00 PM EST | October 31, 2006
Nordic Licenses New Well in Joffre
Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd., announced that the Company is licensing its 15-12-38-25 W4 well in Joffre, a directional well originating in 16-12-38-25 W4.
7:00 PM EST | October 29, 2006
Nordic Launches New Initiatives on Preeceville, Cote, and Joffre Lands
Donald Benson, chairman and CEO of Nordic Oil and Gas Ltd., on Monday announced several new initiatives at the company's Preeceville, Cote First Nation, and Joffre properties.
8:00 PM EST | July 16, 2006
Nordic Amends Private Placement Offer
Donald Benson, chairman and CEO of Nordic Oil and Gas Ltd., on Thursday announced an amendment to the terms of the Winnipeg-based company's private placement offer.
8:00 PM EST | June 21, 2006