Growth Through Successful Exploration and Drilling Strategies

NORDIC OIL AND GAS LTD. INVESTOR FACT SHEET Share Summary Exchange: TSX Venture Exchange Share symbol: NOG Common shares outstanding: 35,171,092 Fully diluted: 51,975,879 shares The Company Incorporated in 2000, Nordic Oil and Gas Ltd. is an independent Manitoba-based oil and gas company engaged in the exploration, development and production of Natural Gas, Oil and Coal Bed Methane (CBM). The Company currently has interests in Natural Gas and CBM production at Joffre, Alberta, approximately 30 kilometres east of Red Deer. Part of Nordic's land holdings in Joffre include an interest in 8 sections of land, which contain coal seams in the Horseshoe Canyon formation at a depth of approximately 300 - 500 metres. The Company also has an 80% interest in 101,670 acres of exploration permits located in the Preeceville area of east-central Saskatchewan and an 80% interest in two five-year P&NG leases covering 6,720 gross acres. In addition, Nordic owns approximately 8,000 acres of land in the Lloydminster and Peace River Arch regions of Alberta. Recent Highlights Analysis of oil seeps discovered in Preeceville indicate presence of oil Recent financings total $1.4 million Major land acquisitions in Lloydminster and Peace River Arch areas of Alberta New Belly River well in Joffre tested at 820 Mcf/d Two new wells licensed at Joffre – 6-24-39-25 W4 & 5-18-38-24 W4 The Nordic Strategy Nordic Oil and Gas is focused on building its asset base through land acquisitions, exploratory and development drilling, along with corporate acquisitions and mergers. The Company's strategy is to focus on properties it believes will provide long-term reserves that will generate ongoing revenue and cash flow. Nordic management has pledged to concentrate on low risk development drilling aimed at increasing production and reserves in the core areas in which it operates. The Company's goal is to maintain a base of land that will allow it to step out from producing properties to realize each area's full potential, and to continuously generate new exploration prospects. The Joffre Property The Joffre region in central Alberta is one of Western Canada's most active areas, having been explored and produced for years. The Nordic Oil and Gas Ltd. property is located approximately 30 kilometres east of Red Deer and is comprised of approximately 4,480 gross acres in one of the richest hydrocarbon areas of the province. It consists of existing Natural Gas production along with a significant land base with strong development opportunities. Nordic Oil and Gas obtained its first well license to commence drilling for Natural Gas on its Joffre property in early 2003. From there, the Company acquired a significant interest in certain lands in the Joffre area, along with options to purchase the Petroleum & Natural Gas rights to an additional 480 acres of land adjacent to its existing property. The Company commenced drilling its first Natural Gas well on its property identified as 3-18-38-24 in Joffre in May 2003. A few months later, Nordic completed testing of this natural gas well, which flow tested at 600 MCF per day. The well was subsequently tied-in and commenced production in October of that year. The Company commenced testing its second Natural Gas well at Joffre, near the end of 2003. It subsequently tested at 650 MCF per day. Also near the end of 2003, the Company completed the surveying of the pipeline right of way for the well, and the pipeline was installed shortly thereafter. Nordic's 102-3-24-38-25 W4 Belly River well was tied-in and placed on production in early December, 2005. In 2006, three new CBM wells were drilled and are currently awaiting tie-in. In addition two new Belly River wells were also drilled and cased - 16-20-38-24 W4 and 15-12-38-25 W4, and both are now on production. Nordic's land holdings in Joffre, include an interest in 8 sections of land, which contain coal seams in the Horseshoe Canyon formation at a depth of approximately 300 - 500 metres. Coal Bed Methane from these seams is capable of producing 200 - 300 MCF/D. Drilling of an initial CBM well in Joffre, the Company's first test for Coal Bed Methane, was completed in October 2004. Nordic’s CBM well, on section 5 - 20 - 38 - 24 W4, was drilled in May 2005 and was tied-in and placed on production. In August 2007, the Company drilled its 11th well in Joffre and field measurement results from the flow test showed that the middle Belly River zone had gas rates of 18.5 10³m³ during a one hour flow test. The Belly River formation where the measurement was taken was perforated at between 649.5 metres and 651 metres. The gas rate level at the 699.5-metre to 702-metre interval tested at 3.5 10³M³. The combined 23 10³M³ for the three intervals within the well equates to 820 MCF/day. The Preeceville Area The Preeceville region in east-central Saskatchewan is an area of great promise and potential. At present the company has an 80% interest in 101,670 gross acres of exploration permits in six townships in the area and an 80% interest in two P&NG leases covering 6,720 gross acres. The Company’s lands are on the northeastern flank of the Western Canadian Sedimentary Basin (WCSB) where it is believed that there is an abundance of Shale Gas. Some have estimated gas shales resources in Canada to be over 1,000TCF. Nordic's initial activities in the region began in late 2002 when it completed 14 kilometres of seismic. The results identified five distinct formations within the Nordic lands. In April 2003, the Company obtained an 80% interest in a Special Exploration Permit for the Petroleum and Natural Gas rights covering 64,690 gross acres in the region, and in December 2003, it acquired an 80% interest in a further 46,080 gross acres. The April acquisition led Nordic to undertake shooting of a further 16 kilometres of 2-D seismic in 2003. In addition, 37 kilometres of seismic data was successfully acquired in December 2004, and initial analysis confirmed the structural trends mapped in the 4 southern townships are seen to extend into the 2 northern townships - over 75 exploration locations have been identified, many of them deep exploratory oil and gas targets. 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. Laboratory analysis on the oil seeps confirmed the presence of oil in the samples received. Nordic plans to drill two wells during Q1 2008. The Lloydminster Property In June 2007, the Company acquired about 1,080 acres in the Lloydminster region of east-central Alberta. These lands will provide Nordic with new core areas for the Corporation and will be a strategic fit for its current production at Joffre, Alberta. The Company believes there exists significant amounts of un-recovered heavy oil, which, with infill drilling, can be recovered in areas where heavy oil is being produced at a depth of 600 metres. At least 10 new locations have been identified for potential drilling. The Company also believes that initial rates per well could be in the area of 30 BOpd and that approximately 43,000 BBLs of oil could be recovered from each well on average. A recent well immediately adjacent to this land drilled by another company appears to confirm this – this well produced at a rate of 29 BOpd during January 2007. The Company plans on beginning its drilling program in the region during Q1 2008. The Peace River Arch Property In June 2007, the Company acquired about 7,040 acres in the Peace River Arch region of northwest Alberta. Much like the Lloydminster land, the Peace River Arch property will provide Nordic with new core areas for the Corporation and will also be a strategic fit for its current production and impending drilling activity at Joffre, Alberta. The Peace River Arch property is comprised of 11 sections on the shallow gas trend in northern Alberta in the Talbot lake area. The land is adjacent to production from the Blue Sky/Gething zone at a relatively shallow depth of 525 metres and all of the land is within 1-2 miles of potential tie-in. Sub-surface mapping shows that potential exists on these lands for 7 locations, which could have approximately 3 metres of gas pay each. Solid Investment Opportunity • Well-positioned for sustainable growth • Outstanding mix of existing production, infrastructure & development drilling opportunities • Large land holdings in strong prospective regions • Seven producing wells at Joffre • Poised to grow production levels to new heights - 3 new CBM wells and one Belly River well coming on production in 2007 • Oil seeps confirmed at Preeceville • Active drilling program planned for Preeceville and Lloydminster "Our experienced management and technical teams, solid base of quality assets and sound business plan combine to create a strong foundation for growth and shareholder value, now and in the future" Donald Benson, Chairman & CEO Experienced Management and Board Donald Benson, Chairman, President & CEO Mr. Benson has been President of Nordic Management Ltd. since 1982, President and Director of Desoto Resources Ltd. since 1996 and Chairman and CEO of Western Warner Oils Ltd., since 1989. Keith Peterson, Secretary, Treasurer Mr. Peterson has been Secretary-Treasurer of Nordic Management since 1989, and also serves as Secretary-Treasurer and a Director on the Board of Western Warner Oils Ltd. Kevin Strong, Chief Financial Officer Kevin Strong, CGA, CAE, CIM is the former Manager of the Winnipeg Office of the TSX Venture Exchange. Mr. Strong, who holds a Bachelor of Commerce Degree (Hons) from the University of Manitoba, provides a range of financial services, along with regulatory guidance. He has over 11 years’ experience as a senior regional manager in the finance sector and has held leadership roles in diverse areas, including accounting, information technology, human resources, management, marketing, business development and public relations. Barry Palka, Director Mr. Palka has been Secretary-Treasurer of Chayse Oils Inc. since 1998. From 1995 to 1998, he was Vice-President of Western Warner Oils Ltd. Michael Mann, Director Mr. Mann joined the Board in March 2002. He has been President of Michael Mann & Associates Limited since 1994, and has been actively engaged for many years in performing wellsite supervision for major oil companies. Brahm Silverstone, Director Mr. Silverstone is a Calgary-based geophysicist with nearly 30 years' experience in the oil and gas industry. He has spent 9 years as President of his own Exploration Consulting firm   For additional information, contact: Donald Benson Chairman & CEO Nordic Oil & Gas Ltd. Tel. 204-956-5042 Fax 204-897-7154 E-mail dbenson57@shaw.ca