Wednesday, September 13, 2006 12:29:27 PM
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Press Release Source: Nord Oil International Inc.
Nord Oil International Hires Investment Banker and Begins AIM Listing Process
Wednesday September 13, 12:11 pm ET
NEW YORK, NY--(MARKET WIRE)--Sep 13, 2006 -- Nord Oil International (Other OTC:NDOL.PK - News) announced that it has retained a leading investment banker to list the corporation on the London Alternative Investment Market (AIM) and conclude a USD $60 million private placement.
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The Company is very glad to be working with such a reputable firm that will play a key part in securing the financing which is needed to conclude several acquisitions and enable the company to increase production to 7 million barrels of crude oil per year. The Company has filled Form 15 as a first step in both the listing and financing process in London and to expedite the name change from Nord Oil International Inc. to North-West Oil Group Inc.
About Nord Oil/ North-West Oil Group
Nord Oil International is a reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. The company is in the process of filing all regulatory statements and will change its name to the North-West Oil Group and will be issued a new ticker symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
“The person who says it cannot be done should not interrupt the person doing it.”
– Chinese Proverb
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