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