Nordic Well in Saskatchewan Delayed
An unforeseen difficulty in securing the services of a cementing company has resulted in a short delay to the start of drilling Nordic Oil and Gas Ltd.'s new exploration well in the Endeavour/Preeceville area of east-central Saskatchewan. However, the problem has now been resolved, the required services have been secured and work at the 4-11-35-4 W2 site is expected to commence tomorrow.
"We spent considerable time last week trying to secure the required cementing services, a vital component to the overall drilling process," said Nordic Chairman and CEO, Donald Benson.
"There are some 600 rigs working in the field at present and this has resulted in a shortage of some services required by Company's like Nordic who are trying to get a well started in a somewhat remote area," he added. "It was a frustrating few days however, now that a cementing company has become available and we have reached an agreement with them, we are anxious to get the drilling of our well started."
Nordic Oil and Gas Ltd. is a junior oil and gas company engaged in the exploration and development of oil, natural gas and Coal Bed Methane in Alberta and Saskatchewan. The Corporation is listed on the TSX Venture Exchange and trades under the symbol NOG. Nordic was one of the "2008 TSX Venture 50" companies, a ranking of the top 10 public venture capital companies in five industry sectors listed on the TSX Venture Exchange.