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Thursday, May 11, 2006 6:59:39 PM
They retained a mostly Russian Management team, which will sit well with the Russian Federation and their laws. I really like having Stratton Stevens and Gerald Parkin as V.P.s it lends some western influence and business savvy to the group.
I don't like Mr. Parkin having to continue dividing his time with us at AURC, he is too busy now. Hopefully the ex-Pres. Makarov can pick up the pace on AURC's end.
Despite complaints from some shareholders NDOL communicates well and is very quick to point out an inaccuracy. They will get better at PR's.
The correction on where revenues are derived clearly shows they have other sources of income other than oil production. This shows upside is far higher than many estimate. They remain grossly undervalued.
They are playing by SEC rules which will lend comfort to some of the nervous, and they have all the new shares tied up in series 144 restricted for a period keeping the share pool as is.
In all honesty I thought this would run when the merger was completed because the assets far exceed the value the market has placed on NDOL.
AIMHO
Airdale
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
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