Posting another dated report I found on NOG:
Penny Stocks
Nordic Oil and Gas (TSXV: NOG)
Nordic’s assets consist of 4,480 gross acres of Petroleum and Natural Gas (P & NG) leases in Joffre, a proven oil and gas region of central Alberta. In addition to its Joffre property, Nordic also has newly received two five-year P & NG leases over 6,720 gross acres at Preeceville, Saskatchewan. In 2007, the Company acquired approximately 8,000 acres of land in the
Lloydminster and Peace River Arch areas of Alberta. It hopes to begin drilling in Lloydminster by early 2008.
In October 2007, the Company engaged the services of Petro-Find Geochem Ltd. to undertake hydrocarbon soil gas surveys in its most northerly permit in Townships 40, Ranges 4 and 5 W2 in Preeceville. During the course of sampling, the Consultant discovered what it believed to be oil seeps. Samples were taken from four locations from an area extending over 5,000 lineal feet and submitted to a laboratory for analysis. The samples from the Geochem survey indicated the presence of methane, ethane and propane, along with a strong concentration of butane. The first two wells are expected to be drilled in the area in May 2008.
The east-central region of Saskatchewan is a shallow, cost-effective area where it is believed that enormous quantities of oil are trapped by the "Prairie evaporate salt collapse edge".
Net Shares Outstanding: 42,859,359
Float Quoted Market Value: 18,335,557
Rolling 52 Week Low: 0.125
Rolling 52 Week High:0.840
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