Operations
Nordic Oil and Gas operations are focused in Alberta, one of Canada's primary areas for oil and gas exploration, and in east-central Saskatchewan. Alberta accounts for just over 80 per cent of the natural gas produced in Canada - itself the world's third-largest supplier of the gas - and exports about three-quarters of its production outside the province's boundaries.
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. At Joffre, the Company currently produces approximately 500 mcf/d from five natural gas wells and one CBM well. In addition, the Company also has a 42.5% interest in three Coal Bed Methane (CBM) wells, which are awaiting tie-in and another Belly River well.
In 2007, Nordic acquired approximately 8,000 acres of land in the Lloydminster and Peace River Arch areas of Alberta. The Company currently has 10 heavy oil wells on production in Lloydminster, totaling approximately 150 BOE/day.
The Company's most recent land acquisition came in June 2009 – 9,528 acres of coal leases in Drumheller.
In addition, Nordic also has an 80% interest in 31,999 gross acres of P & NG leases at Preeceville, Saskatchewan with rights to the basement.
Nordic Oil and Gas maintains operatorship control with high working interests in both regions, through its "sister" companies, Western Warner Oils Ltd. and Desoto Resources Limited.
