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Re: makesumgravy post# 9034

Friday, 06/02/2006 2:38:43 AM

Friday, June 02, 2006 2:38:43 AM

Post# of 46027
I would give the new company about thirty days from the date of the merger to organize its presentation to us shareholders.
We know management has the backing of the majority shareholders, so the business plan must have passed their feasability test. For Nord Oil to have preferred a merger to a buyout means the added value to the company must have been tremendous. This should become apparent when we see the
8-K.

I can only urge everyone to be patient. We should soon see the JV agreement with Oil India finalized. There will be a lot
more great news coming through the pipeline over the next few weeks.

As for the present fluctuation in price, we saw this same kind of decline right after the R/S, but we also had a 90% rise in pps in one day when the buyout was announced. Eventually price movement will become less volatile
when we reach a higher exchange and institutional investors
get involved. This is a great opportunity to accumulate or
average down for a long term investment in the energy sector. I strongly believe the company will seek to be listed on the AMEX a year from now. An AMEX listing will require a share price of $3.00. That's about seven times where we it has been trading this week. Not a bad ROI.