Nord Oil International Inc. (OTC: NDOL)(Frankfurt: CXIA)
announced today that local and regional governments have
approved the company's plans to start its oil production starting June 1,
2006.
"We are truly grateful for the tremendous support we have received by local
and regional governments to expedite our authorization to commence our oil
production," said Andrei Kuzovlev, Executive Vice-President of Nord Oil
International Inc. "The production is expected to yield approximately 6,500
barrels per day or 2.3 million barrels of oil for the following 12 months,
representing revenues of approximately $150 million USD and when we add
this revenue to our existing transport, storage and trading business, total
revenues should reach close to $200 million USD by June 2007," further
added Mr. Kuzovlev.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior
producer, trading under the ticker symbol NDOL on the US Pinksheets market.
Nord Oil International operates three wholly owned Russian subsidiaries;
Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties
currently have a total of 48 million barrels of proven and probable
reserves and the company plans to acquire additional properties and has an
objective of 150 million barrels in proven and probable reserves.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of
historical facts are forward-looking statements, which contain our current
expectations about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those
results to differ materially from those indicated in any forward-looking
statements made by us or on our behalf. Such factors include our limited
operating history; our need for significant capital to finance internal
growth as well as strategic acquisitions; our ability to attract and retain
key employees and strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our stock;
competition from other providers of similar products and services; and
other unanticipated future events and conditions.
Contact:
Viatcheslav Makarov
President
Nord Oil International Inc.
Vmakarov@nordoil.com
514-591-3666
www.nordoil.com
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