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Drilling of Well Longco 16-25-14-22 in the Carmangay area south of Calgary has started.

Mobilization of the Champion rig and crew took place on Tuesday 17th February in the afternoon local time with drilling start in the evening the same day.

By Wednesday morning (evening Oslo time) drilling reached the depth of 310 m for the conductor pipe to be set.

We are happy to inform that the drilling is moving forward as planned.

We expect to be at the target depth around 1450 meters, and potential pay-zone over the coming week end, unless unforeseen problems occur.

The management is optimistic for the results of the well’s production capabilities, and will report the results as soon as available.

Calgary, Canada/Fredrikstad, Norway February 19th 2009

Norwegian Petroleum Inc/ Nordic Petroleum ASA

Please call Mr. Arild Tolfsen for more info,
Mobile : +47 – 930 99859,
E-mail :