Monday, April 09, 2007 8:19:27 PM
NWOG got listed on the pinksheets by way of reverse merger
with Nord Oil. However, a look at its financial statements will show that it does not really have the characteristics of an ordinary pinksheet stock because of its huge inventory of proven and probable oil reserves. It has already shown its profitability for more than one year and is involved in negotiating further acquisitions to increase production.
As more information becomes available concerning its projects
in Syria, Jordan, and so on, the more attractive this will
become as a long term investment. If you will permit me to offer a word of advice, stay in school. And don't bet against a company with $5.5 million in net income with audited financials on the way and an uplisting to AIM still to come. Go long, young man, go long, and your 90% loss will become a multi-bagger gain before you get your finance degree.
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