Agreement signed Chard

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Nordic Petroleum AS’ fully owned subsidary Nordic America’s Inc. has now signed a ‘Sales and Purchase Agreement’ with Athabasca Resources Ltd. for the Chard licenses. Hereby the deadline of 30. September 2014 for implementation is met. The agreement is subject to the respective companies’ Board of Directors approval, to be lifted no later than 17. October 2014 and the approval of the local Canadian authorities. This means that the defined and agreed working program may be executed during the winter of 2015 as previously planned.

The Chairman comments:
«The Company is pleased that the cooperation with Athabasca has reached another important milestone.»

Inquiries may be directed to:
Per Gunnar Løge (+47 91130847)