Nord Oil International Receives Unsolicited Purchase Offer for NDOL Common Stock
Thursday April 6, 9:00 am ET
MONTREAL--(MARKET WIRE)--Apr 6, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) announced today that it has received an unsolicited purchase offer for 100% of the total outstanding stock of Nord Oil International Inc.
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The company has opted to keep the information confidential until such time as the purchase offer can be bona fide and the amount of the offer confirmed. The company will make every effort possible to review the offer and offering party and release said offer information as soon as possible. It should also be noted that during the conference call, it was also discussed that the offering party intended to purchase shares in the open market of up to 10% of the NDOL common stock.
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.