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Tuesday, April 18, 2006 10:01:25 AM
"By: greenbullz
18 Apr 2006, 07:50 AM EDT
Msg. 2561 of 2572
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Nord Oil International Inc. (Frankfurt: CXIA) (OTC: NDOL) **<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.
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