North West Oil Group, Inc. (NWOL)

[Lochan]

IHDR -- I have to disagree with your complaint to the SEC
because all of the actions taken by NDOL's management took place in the normal course of doing business. Their main consideration was that the majority shareholder(s) did not want to give up their stake in a buyout. I think we all knew this. At the same time, the company had very little working capital and would have required either a JV agreement or a merger with a cash rich company to continue its expansion and to begin extraction and production.

As things worked out, the buyout option was replaced by a merger with NWOG, without which I don't think we would have seen a JV with Oil India or the purchase of Magma, which may both take place this month.

Business people know that negotiations go through many twists and turns right up until the day a contract is signed. In reaching an agreement the companies don't think at all about
how the day to day PPS would be affected. They are thinking in terms of the long range benefit of each company. The managers are not daytraders in their own companies. When they speak about "adding value" for their shareholders, they mean for investors, not flippers, whose outlook is at least a year or more out.

I've been holding shares of NDOL for eleven months, and my plan is to hold for another year or two. I think management has always acted in a way that is advantageous for long investors, and I am very pleased with recent developments.