Nordic Petroleum : Acquisition of Nordic Petroleum AS

Netoil Capital Ltd. ("NOC") announces that it has reached agreement with Nordic
Petroleum AS ("Nordic") for the acquisition of all shares in Nordic, against the
issue to Nordic of 1,950,000 shares in NOC.

The acquisition increases the number of shareholders in NOC, thereby broadening
its investor base.  Nordic has 1080 shareholders and as such will contribute to
this.

Netoil Capital Ltd. (NOC) is an independent resource company, focussed on  both
oil and gas, and mineral extraction worldwide. NOC is led by an experienced,
highly qualified team that brings a breadth of knowledge of the oil and gas and
mineral extraction sectors, coupled with strong and durable relationships at a
local level in its selected areas of operation.

Contact: Nils N. Trulsvik
email:[e-mail]

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