UPDATE ON COMPLETION WITH MERCOM OIL SANDS

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Further to the notice made on 27th of August 2012, Norwegian Oil Sands has received a proposal for an extension to 30th November with Mercom Oil Sands Plc for the completion of the Sale and Purchase Agreement in relation to our four oil sand leases at Chard in Alberta, Canada. Nordic Petroleum’s Board of Directors is set to convene and consider this proposal.

Fredrikstad, Norway 05.11.2012

Nordic Petroleum AS
Further enquiries, please call Arild Tolfsen
Mobile : +47 93 09 98 59
E-mail : arild.tolfsen@nop.as