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Eik, I agree completely with you that our "parent" ZAO NWOG is a pretty successful company.
The management fee for the "american branch assets" must be excellent.
Hello Eik,
I agree with you ...you clearly can control the price of the stock - especially when the free float is so tight (1,8 mio. minus the last communicated buy-back nos. if true = leaving apprx. 1.3 mio. - my guess right now - with some more buy-back excecuted during the last montsh should only apprx. 1,o mio. left for free trading). With such a tight free float certainly Malyschev could move by investing in the stock - the price up to the moon (at least to 10 - 15 $) - but the question is would be this in his interest - or is it better in his interest to keep the remaining actual free float at around 2 - 3 $ (still a way to go - and still having the possibility to buy more shares back if necessary at cheap prices) till april/may 2008 - when his restricted shares are getting free.
IMO all the recent actions (US audit for 2006/7 and I. qtr. 2008 - representative office in NY. - hiring an investment analyst (i.e. for road-shows) are dating to spring 2008 actions - maybye combined with an up-listing and an forward split.
Hello Eik,
any idea - what is the content of the nwog florida filling dated 10/22/2007.
Hello Eik,
did you find anything new on NWOL on SPARK?
Antsquire, only Mr. Malyshev can and should tell us now what is the status (going on/failed) on the anticipated SNGF deal.
SNGF will and can`t tell us about the status (have tried - but of course no answer y/n).
I hope we will see soon some PR`s with clear facts - (whatever they are)from the company, as Mr. Malyshev must have realised the critical status the company value has reached now with the RS (IMO to early) - as well all this in the past released PR`s with anticipated new projects/goals and no follow-up information.
The recent PR is already a good step in the right direction - more or less confirming that at this point we have only two valuable assets Saratov + Neftegazenergo. If the US audit company confirms the value of this two assets with apprx. 95 mio. $ (as indicated from the company) - I`am fine with it - as a new starting point - to go forward.
If the restricted shrs. are really frozen (who knows) till april/may 2008 - then the actions in the next few months are ultimate.
What I like to know from Mr. Malyshev asap.
Status of buy-back - amount of free-float - OS /without buy-back - Date of US audit termination - Date of new starting reporting - uplisting (where/when) - Status of promised Dividend - Plans of issuing new shares + finally a true answer of the status of SNFG and near-east projects/deals - as well the situation of the ex ndol issue.
Let`s see if the company is willing to work now together - with his investors.
Eik, good find - some new faces - still more available.
In my legal understanding North-west oil group Inc. Fl.USA is 100% owner of Saratov + Neftegazenego and is not an American Branch of private North-west oil group russia. Of course private north-west oil group owns most of public nwol.(probably already apprx. 80%).
Ms.Tatiana Sozonova mentioned as "executive director" of nwol US - and i.e.responsible for investor relations will be very interesting. Last time I talked to here ....very polite ... but no answers.
A salary of $30+K/year - is absolutely not overpaid in moscow -I personally doubt they will find any professional analyst with high experience in moscow under 60K/year.
But I agree its a food sign - even much too late - lets see.
Johanson ... good find.
wishmd - I also find the answer from Tatjania very curt and ar..... for the companies dedicaded person who take care about investor relations (according to the undersigning of the last PR`s).
She probably has not fully understand yet - that by putting here name under the recent`s company PR`s - that she is also legally responsible for the content of it too!
Good find EIK: I guess its the company itself who created this blog (the pictures are in better quality as on the companies website)... Let`s see what`s coming new on here!
IMO the question is not who will sell - the question is who will buy - (I certainly will)- if the PPS drops under 1,30 $
when the old shrs. are unlocked.
Look at the remaining free-float(apprx. only 1.1-1.2 mio.new shrs. left - or maybe less already) that`s apprx. only 13% of the total OS - what a opportunity if you are in the know of the real value of the company - considering the restricted shrs. are blocked till may 2008.
From the OTC Bulletin Board
Monthly Share Volume - for October
NWOL = 255.926 shrs.
IMO seems a lot for "round-up" shares from a free-float of
(apprx. 130 mio. NWOG) - 1.3 mio. NWOL shares.
blah - blah - blah ..... can you talk about anything else other shorting this stock?
..... pleasure strongus
BTW for all the bashers .... the picture from antsquire I can
confirm that`s the NWOL office in moscow - its real.
We have a office in the center of moscow (not so far from makarenko street) + I can tell you the office rental prices in the center of moscow are extremely high.
sorry ... but this car is the top line a Mercedes-Benz S-class limo and not a C-class type.
Called Florida Atlantic Stock Transfer.
1) outstanding shares are still 8.863 million (unchanged)
2) DTC has still not released the converted shares -
they are still working on the issue - why it takes
DTC so long - they (Florida Atlantic Stock Transfer)
really dont know!
Did ask for a phone no. at DTC - they dont have any
specific to give (thousends of people working there).
So - the shares which are traded actually are "round-up"
shares? Ask how much is the volume of the round-up shares
- they are not allowed to tell.
Does anybody have an contact no. at DTC ?
Anybody has the phone no of Florida Stock Transfer for me pls.
Pure MM manipulation today ...... get filled at 1.60 $ for 1000 pcs. today and PPS is continous getting more down .....
Does have anybody the buys/sells of today for me pls.
You can be sure ..they are real and they are making money - but you are right we don`t know how may barrel they are pumping.
You are probably right.
Something strentgh is going on behind the scene - 3 1/2 weeks gone after R/S and DTC has not released any conversion of NWOG/NWOL so far to Clearstream.
Should be interesting to know what DTC has to say for this delay?
IMO all of the actual traded NWOL shares are "short" shares and the down presure will get stronger every day -till they cannot handle the situation anymore.
IMO it should be very interesting to see what will happen to the PPS of the NWOl shares if DTC needs another week for the conversion.
ok ..... but what about some posters from belgium who claim they have them already converted since 2 weeks?
Also in Texas you will find some antique equipment which is still working ok.
IMO it´s important that they are drilling - and not only talking about it.
It must be an excellent one .... becourse it seems you are the only one who has real converted nwog/nwol shares at present.
debelg, strange .... becourse clearstream clearing in luxembourg is the first place - and then it will be automatically transmitted into the system here in europe.
you are sure ...... central european clearing org. clearstream in luxembourg has not received anything from the US so far.
If they win the lawsuit and Parkin & crony shares are returned, we're in even much better position.
if this is the case ..... what about then with our old ex NDOL shares pre-merger ??
anybody any comments on this!
Getting excited to know who will run for them the NWOG - NY. office, defintively not Malyschev himself or one of his killing Moscow office secretaries.
From todays PR:
As we continue to focus on executing our business plan, it is expected that our accessibility to the US capital markets will play a pivotal role in further promoting corporate transparency, strengthening our ability to qualify for a new exchange listing and bettering our direct access to US institutional investors."
Are we "institutional investors" ?
IMO - todays PR (soon office in NY)is part of their plan - when audited results are ready - reporting again together with uplisting to higher exchange - and restricted shares come free (may 2008) + maybye also issuing new shares - for a new generation of investors.
For the current amount of free float (apprx. 1.8 mio. new figures - minus buyback shares apprx. 5-7 mio. - remains apprx. 1.1 mio.shrs.(when free again)- there is IMO no NY office needed.
It should be also interesting what is the outcoming of the running dispute between NWOG private and NDOL (Canadian Crew) - seems the Canadian Crew was not willing to accept Maly`s compensation offer of 10 mio. $.
IMO - the next weeks will be very interesting - I am expecting a
lot of news - will hold long and strong.
What if Maly has $50,000 or even $100,000 in buy back money ....... guess his mercedes s-class limousine is already much more worth than that.
Eik, me too ....... maybye already tomorrow ....
Was it not from your source ....... that we heard first about the RS rumour weeks ago?
IMO - 2 posibilities
For Monday
1) RS is real:
trading halted - and after reopening at 2.20 initialy -
strong selling pressure ......price moving south...
2) No RS:
trading opening as usual at 0.022 - but caused to
the RS rumour high pressure on PPS ..... moving south..
in either way - I would expect high selling and buying volume (somebody maybe company will buy a lot of the rest of the free float at very cheap prices).
For tuesday
PR about SNGF deal .......
Maybe Malychev was right with his prediction of PPS 0.30 by end of september - he just forgot to mention at which OS amount.
Same at my account - unchanged #
(if the RS would be real - valid from 11th. sept. - the free float would be appx. now 180.000 shrs. - I would be very happy as I would be owing it alone).
If this RS would be real than we have an new OS of total
9 mio. shrs. at yesterdays close 0.022 = market value 1,98 mio. US $ - IMO - BS.
welcome on board ....wendel 1
(Probably a good investment) .... certainly when you are planing to go for the arbitration court.
from the press release (google translation) ....in some "emotional" state is not able to negotiate at the appropriate level ..... (in the russian version is more taff)....must have been a discussion with "smoke and fire".
NWOG (private) which is registered in St. Peterburg RF is registered as member no. 68 of the RF chamber of commerce.
NWOG (public) which owns Saratov oil business is registered in the US Florida. Of course NWOG (private) owns 59 + xx %? of NWOG (public).
Still not convinced that this Chamber of commerce thing is such a big point - when looking who are the other 67 members - there is plenty of huge international acting russian companies (with state participation-ownership) missing on this list.
So to me it helps to be a member - but its not a guarantee for business.
Thanks Eik for finding this article.
I am quite surprised about the reaction from Malyshev - there must be another story behind:
.... with 40% NWOG and 60 % Al Waseet of the planed JV - he cannot expect to control/influence the business.
His statement: ..... "Our mentality is not in line with the mentality of people from the Middle East," will certainly not be a help in regard of the discussed Syrian/Jordan i.e. refinery projects.
The statement .....ZAO North-West Oil Group is "highly quoted on the stock exchange subsidiary in the United States" ... at a PPS of 0.035 $ - hmm !!!!
To become a associate member of the Chamber of Commerce of the Russian Federation .... is it really such a big deal!
(should not each official registered company be automatically a member of the chamber of commerce)