Not CBM but worth posting for anyone who might have been following NOG. Big wake up call for the pos.
Nordic Discovers Oil Seeps at Preeceville
WINNIPEG, Nov. 7 /CNW/ - On October 18, 2007, Donald Benson, Chairman and
Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) ("Nordic" or,
"the Company"), announced that the Company had engaged the services of
Petro-Find Geochem Ltd. (the "Consultant") to undertake hydrocarbon soil gas
surveys in its most northerly permit in Townships 40, Ranges 4 and 5 W2 in
Preeceville, Saskatchewan, Canada. During the course of sampling, the
Consultant has advised the Company that over the last 48 hours it has
discovered what it believes to be oil seeps and samples have been taken from
four locations from an area extending over 5,000 lineal feet.
"Samples have been forwarded to our Calgary office where they will be
sent to a laboratory for analysis, which will determine the authenticity of
the samples," Mr. Benson stated. "The Company has always believed that this
area of Preeceville was heavily faulted and that the possibility existed for
traps for oil and/or gas."
The Company expects to have the results of the laboratory analysis within
the next 10 days.
"In the past, it has been oil seeps that have led to the discovery of
many significant oil fields, including Turner Valley, Alberta," Mr. Benson
added. |
