It’s interesting that when I saw today’s PR I thought that it’s not perfect (I mean style) but pretty clear. Now, after reading MB posts, how many smart and respected posters didn’t understand it… hmm… I am not sure… maybe I got it wrong. Although, what could be wrong with this “translation” from English to English: MOSCOW--(MARKET WIRE)--Apr 26, 2007 -- North West Oil Group Inc. (Other OTC:NWOG.PK - News) together with the JSC "North-West Oil Group"(Russia) is actively carrying out negotiations regarding the merger with one of the vertically integrated companies, which has five subsidiaries on the territory of Saratov region with the total reserves volume by categories C1 (recoverable reserves) - 1,330,000 tons (9,709,000 barrels); C3 - 1,305,000 tons (9,526,000 barrels); D1 - 48,400,000 tons (353,320,000 barrels); and with the production performance of 144,000 tons (1,051,200 barrels) à year. Translation: NWOG Inc (public) + JSC NWOG (private) , one side of the table, are negotiating merger terms with unknown company, another side. Reserves and productions of this company are mentioned above. Using the simple logic: it’s not our numbers and not “parent’s”, so…? :) The approximate price of the asset constitutes 80 million USD. The financing of this asset will be performed through raising funds on the part of VTB bank. Translation: $80 mln is the price of the assets we are about to merge with… and we need this money to complete the merger.
Conclusions: (all speculative) 1. Johanson version about “hidden buyout” is correct. If they proceed with this deal as stated in PR, as a result, we will have one company: BIG INTEGRATED = Unknown partner + JSC NWOG + NWOG Inc. 2. I don’t know how this new company will be structured, but NWOG Inc will probably just join their Saratov branches (adding two more), and JSC NWOG with it’s pending huge ME contracts will go to the top of the structure. 3. Actually, it’s enough information in PR to “calculate” the name of the “unknown”. I just don’t have time to do this. If anybody is ready – here is the list of all companies with licenses in Saratov region: http://www.saratovnedra.ru/ReeNeft.html . Our partner (or it’s branches that have different names) is in the list. 4. Chances that BIG INTEGRATED is publicly traded in US are close to zero. It’s either private company (which would be my guess) or, if we are lucky enough to catch one of the majors, it’s traded in London or, at least, Russia. In both cases ADRs could be available on pink sheets. In any case I would assume that pink sheet stock NWOG.PK will be dead when/if merger is completed. Shareholders will receive either cash or some “stock substitution” for their shares. Old Parkin’s era will be over, and they (we) will live happily ever since. :)
I had some fantastic scenarios how NWOG could start a new life, and I was ignorant enough to send dozens emails to them with those scenarios, examples, etc. Probably, they all finished in a garbage can, but who knows? :)
Market Data 
Markets 
AI
