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Nordic Oil and Gas Acquires Four Well Bores in Lloydminster; Expects to Have Wells on Production Soon

WINNIPEG, March 6 Donald Benson, Chairman and Chief Executive
Officer of Nordic Oil and Gas Ltd. ("Nordic" or, the "Company"), today
announced that the Company has acquired four well bores located on leases on
its lands in Lloydminster, Alberta. The well bores were about to be abandoned
as the vendor had lost the mineral rights to the properties.
The Company plans to install pumps and tanks at each well bore location
and will do everything in its power to have these wells on production over the
next 30 to 60 days. Of particular note is the fact that the wells were drilled
over the past 10 years or so.
"Another operator, who owns land adjoining ours, followed a similar
approach to what we are undertaking, and today those lands are producing 80
barrels of oil per day from those well bores," Mr. Benson stated.
Furthermore, 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.
In addition, the Company is also currently in the midst of surveying four
other locations in Lloydminster with the intent of commencing drilling as soon
as possible. When completed, the Company anticipates that it will then have
eight wells on production in Lloydminster.
In other news, Mr. Benson also stated today several photos of the
Company's recently acquired compression facility at Joffre, Alberta are being
added to the Nordic website - Nordic Oil & Gas Company.

About Nordic Oil and Gas Ltd.

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.

For further information: Donald Benson, Chairman & CEO, Nordic Oil & Gas
Ltd., Tel: (204) 956-5042, Fax: (204) 897-7154, E-mail: dbenson57@shaw.ca

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