InvestorsHub Logo
Post# of 8585
Next 10
Followers 31
Posts 9606
Boards Moderated 4
Alias Born 07/07/2002

Re: Rocketred post# 7400

Monday, 06/02/2008 6:36:14 PM

Monday, June 02, 2008 6:36:14 PM

Post# of 8585
These bozos couldn't organize a piss up in the Big Rock brewery.

Nordic Oil drilling hints oil presence at Preeceville

2008-06-02 08:16 MT - News Release

Mr. Donald Benson reports

PREECEVILLE DRILLING UPDATE

Nordic Oil & Gas Ltd. has seen some indications of the presence of oil during the drilling of its first well at Preeceville, Sask.

"Our site geologist has advised us that he has found an oil film and droplets of oil in the drilling fluid coming over the shaker, and that he has seen some oil staining on samples taken," Donald Benson, chairman and chief executive officer of Nordic Oil, said. "Analysis of the stained samples has shown the existence of fluorescents, an indication that oil may be present. Furthermore, our site geologist has also stated that some samples have good porosity."

However, due to the intersection of faults, the well deviated and the drilling tools became lodged in the hole and cannot be dislodged. As a result, the well is being abandoned and the rig will be deployed to the second site where drilling will commence this week.

We seek Safe Harbor.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.