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Gold/Mining/Energy : Nordic oil -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (22)	7/30/2008 9:41:56 PM
From: jacq	Read Replies (1) \| Respond to of 24

Second drill was a bust no commercial values. All those oil seeps came from some source though and as Don says sometimes it took several exploratory wells to find that source. There is still some hope about achieving commercial quantities of natural gas at Preeceville. Soon the company should be reporting on Lloydminster wells. There are 4 which should be very cheap to complete and get online, providing some badly needed revenue. Right now the companys costs are not being met by production. There will then follow another 4 wells which will be more expensive but still low cost. We are back to the same prices that were in effect last August, yet they have raised several million dollars at $0.20, $0.30, $0.42 and $0.60. I think they are sitting on about $5 million in cash, or about $0.10 per share.