A start up company's PE is not relevant until better information comes out about future earnings. Certainly a trailing PE won't work, we need a good forward estimate.

Good morning trade--


you left the word "not" out.

I don't have that, but I'm sure you can get it on the web.

OIl, gas, minerals etc and don't get me wrong, it's not like I knew that all along.

yes, that is why


when will the market get on board...

yes

Yeah, why sell now....

If not in production it is NOT recognized

that's my point, the two divisions, not all of NWOG. Sometimes people get this confused as if we are merging with NWOG and not just the two divisions

mgd723: that's exactly what they did. They are consolidated statements of the merged businesses....NDOL and the two divisions are the merged businesses.


Press Release Source: Nord Oil International Inc.

Nord Oil/ North-West Oil Group Files Consolidated Financial Statements for the Quarter Ending March 31, 2006
Thursday May 25, 10:53 am ET

USD $32.7 Million in Consolidated Sales for the Quarter and Over USD $116 Million in Assets and USD $99.7 Million in Shareholders' Equity

MONTREAL--(MARKET WIRE)--May 25, 2006 -- Nord Oil / North-West Oil Group (Other OTC:NDOL.PK - News) today, provided the consolidated interim financial statements of the merged businesses for the quarter ending March 31, 2006.
The company will proceed to file its audited financial statement of the North-West Oil Group as well as its pro-forma consolidated financial statements. The merger was effective by the issuance of 357,186,230 (59%) restricted common shares, whereby management has decided not to cause the company to perform a reverse stock split of its shares and therefore the total issued and outstanding post merger is 605,400,387 of which 567,146,124 (94%) are restricted and 38,254,263 (6%) are registered "free trading."

FINANCIALS PREPARED BY RSM TOP-AUDIT
CONSOLIDATED INTERIM BALANCE SHEET
(UNAUDITED)
ASSETS
March 31, 2006
USD
Current Assets
Cash and Cash Equivalents 53,596
Receivables 827,352
Inventory 1,212,167
Other 458,517
-----------
Total Current Assets 2,551,632
Fixed Assets 8,701,834
Intangible Assets (Reserves/ Options/ Licenses) 99,402,604
Goodwill 4,642,970
Long-Term Investments 765,361
-----------
Total Assets 116,064,401
-----------

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities
Accounts Payable 1,554,529
Due to Officers and Employees 817,258
Short / Current Long-Term Debt 360
Other 1,716,210
-----------
Total Current Liabilities 4,088,087
Long-Term Debt 12,235,595
-----------
Total Liabilities 16,323,682
-----------


Shareholders' Equity
Paid-in capital 6,816,228
Retained Earnings/ Loss 92,924,491
-----------
Total Stockholders Equity 99,740,719
-----------
Total Liabilities and Stockholders Equity 116,064,401
-----------
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)

For the Period of
Jan. 1, 06 to
March 31, 06
Sales
Income 32,730,226
Operating Expenses (23,353,997)
Selling, general and administrative (2,104,442)

Amortization/ Depreciation (3,600,324)

Gross Profit 3,671,463

Total other Income/ Expenses Net 26,161
Earnings before Interest and Taxes 3,697,624
Income Tax Expense (893,721)

Net Income/ Loss Per Common Share 2,803,903
About Nord Oil / the North-West Oil Group

Nord Oil International Inc. is a reporting publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. The company is in the process of filing all regulatory statements and will change its name to the North-West Oil Group and will be issued a new ticker symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly.

7539....$2.17, that's what we are missing

a lot of folks bought on that .

that's the crust of it all

We haven't seen NWOG's financials. <eom>

cynic:


I have to admit I was looking for a consolidated value on the FS of 1.25B. I'm way over that now. I just need to get a better understanding of the off balance sheet values. you have helped me there.

appreciate your posts.

markhead: I agree <eom>

Cynic: Thanks - that clarifys a lot for me.

Comes under the category that they know things some of us (me) don't.

I'm sure some folks on RB would appreciate this as well.

Thanks again

"There has to be a whole lot more to this than we know"

yes!

Yes we will and I can wait!

There is a lot of equity in the fixed assets. And more assets will be produced. Long and short term financing is my guess, maybe provided by NWOG...the private.

I understand low float but I am not sure it has anything to do with demand here.

Why would anyone chase our $38MM shares up to a price it's not worth. They wouldn't. Heck, it wasn't even chased up the value we thought it should be.

Who wants to be the last one holding. No one

In one year the other $560MM share become available to trade and if the pps is expected to go down because of the increased float then we are talking about the greater fool theory, a theory many of us are in right now short term. It's not like we can can get in and out before anyone knows.

First, this stock has to have value based on all shares. We can't just say the Restricted shares have no value. NWOG didn't just give away their two divisions for nothing. Once that value is established, and if it happens before the restricted shares are marketable, then we could have a supply/demand issue that might be meaningful to us.

we need the market value first. the low float by itself won't bring that. jmho

Heat or Pistons?

I've always liked Yogi...

pschae:

most of the shares are restricted, all the new shares are restricted, if you are suggesting that NDOl perpetrated fraud, then they did so at the expense of themsleves and their new partner. Doesn't make sense to me.


jmo

Eric;

That was my point in post 7050.

There has to be a reason why they think it's worth what they say. Clearly they do not think the value is what is reflected in the pps today. what would be the motivation to go through all of this just to be public. So, they know someting we don't, which of course they should.


Having said that, they have to be dissappointed today.

History: did you buy???

Posted by: historyreflectstruth
In reply to: TGTL2005 who wrote msg# 5861 Date:5/22/2006 5:37:54 PM
Post #of 7066

Oh I hope you guys are all wrong and there is a gap down tomorrow for .58 so I CAN BUY MORE MORE MORE AND BE RICH RICH RICH.

you're probably right, all I know is I wouldn't be very happy today if 59% of what I got is worth 25% of what I thought it was worth, and would do everything I could to realize the $2.17 value I thought it was.

We're all upset, wonder how the Private Owner of NWOG feels

He traded two of his divisions for shares that are trading at this pps.

Both parties thought/think there was/is value in this merger, otherwise they would have not done it.

Now, no one in NDOL or NWOG is benfiting from this. The holders of the restricted stock can't be possilby happy, Parkin included, even if they can't sell for a year.

There just has to be someting again that we don't know.

Who is buying today? Can't be insiders without filings. So,why wouldn't it be those who know the enterprise and its players. .16 makes as much sense as $5.00. 10% of the float has traded so far today. Yeah, I'm disappointed, but game is clearly not over.


Just like my Suns last night!

jmo

cynic:

Although we have disagreed on some points, your posts are imo in the intelligent category .Wondering your take here. Thanks

wrongjoe--Agree <eom>

Rook:

yes, merged value @ $1.25B. That value should show on the consolidated balance sheet imo. It doesn't and wouldlike to know why. It certainy isn't in the market cap.

Yeah, I didn't major in grammar. So I screwed up and used a double negative which clearly means the folks representing the $3.5MM shares today don't know how to interpet FS. Brilliant.


Your smarter than me, I'm stupid. You explain it.

You called me an idiot and said it was in the Oil.

The PR said the combined value of the new merged enity would have a value of $1.25B. The FS say $111MM. And somehow this needs no explanantion.

I'm glad you made your money. Sounds like you're in a postion to get cheap shares again. But, things have changed. The .47 proves that. Something is wrong.

GLTA

So none of the folks who represent $3.5MM shares today can't interpet financial statements. teach me.....29 years in banking, teach me please- how do you get the $1.25B value that was stated by the company in the PR?

Ok, how do you get to $1.25B. I guess I was the only one who thought the financials
would reflect that value and you and everyone else knew that it wouldn't and that the 1.25B included 1.15B in off balance sheet equity. I'm stupid you're smart...so explain it.

NDOL Strong: my apologies, it was NDOLTRDR who switched to Ekythump

again, My apologies.

NDOL Strong

a while back on the AURC board you said you changed your name to Ekythump.

You have been using both here. What's the deal, why did you sell?

FSU: how do you get to the 1.25B? call me stupid

I don't care, just want to know how you get there.

ekythump: where the heck do you get off

telling me I'm an idiot. You have no answers. And after ridiculing many here you bail out and wait on the sidelines. You have no credibility. Go hide in a hole.

ekythump: You call me an idiot and then you get out??

Where's the 1.25B ?

You're right the 8K won't do anything- just relax

maybe you were once short term,, many of us were. Whether we like it or not, we are now long term with great upside potential. We just have to deal with it.

Hey, we don't even know if the 2.17 offer was going to be cash. We need to deal in the right here and now, not 2 weeks ago.

What we do know is this is not a scam. What the real value is will unfold over time.

IHDR- is it time to sell?

I'm not sure about the date, but yesterday's filing mentioned 10 days after the securities were exchanged.