Nordic Completes Another Joffre Well

Nordic Oil and Gas Ltd.

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 and that the rig is now moving to the 15-12-38-25 W4 location, also in Joffre.

As was announced by News Release on October 30, 2006, the 15-12-38-25 W4 well is a directional well originating in 16-12-38-25 W4, and will be tested to the basal belly river formation.

"This will bring to 10 the number of Nordic Oil and Gas wells standing at Joffre, with five currently on production and the other five awaiting tie-in," Mr. Benson stated.

Nordic Oil and Gas is a junior oil and gas exploration company.