Easter update from Nordic Petroleum ASA

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The board and management of NOPE are waiting in anticipation for the test results from our first well in the province of Alberta, Canada. Due to extreme weather the commencement of testing has been delayed, but we are in continuous contact with our partners who will start up again once the weather has stabilized.

Our well #1 in the Carmangay area lies about 8 km from the nearest main road and in an area with high oil and gas activity. After testing is completed we will continue development of well #1 and our other options in this lucrative area. The bad weather and temporary project delays do not affect our other opportunities in the same area.   

The share issue that has been ongoing lately is now completed, and the next opportunity for our shareholders to participate in financing for the company will come when new wells shall be drilled.

Shareholders that have subscribed in the share issue ended per 27.3.2009 will receive an information letter.

With signs that the oil price eventually will rise higher and expectations of positive results from the testing of well #1, the board is optimistic about the development of the company in the near term.

We wish to take opportunity to wish everyone a very Happy Easter.

For questions or requests for more information please don’t hesitate in contacting us.

Fredrikstad, Norway 1st April 2009

Nordic Petroleum ASA

Please contact Mr. Arild Tolfsen for more info,
Mobile : +47 – 930 99859,
E-mail : arild.tolfsen@nop.as