Same guys in Aurus behind NWOG/NDOL. Read the empty press from this time last year for NDOL/NWOG. Same tactic, trying to steal your money. keep your money.
Posted by: Arrow335
In reply to: None Date:5/8/2007 11:01:41 AM
Post #of 32704
I see NWOG is still printing pie in the sky PR's. Now they are building refineries. LMAO Where's the oil they say they have? What about buyout for $2.20 per share? What about the move to NASD and OTC? With all this oil and refineries they are still on pinksheets trading at .03-.04 pps. lol Criminal imo
Wed, 3 May 2006 6:00:00 PDT
MONTREAL, QC -- (MARKET WIRE) -- 05/03/2006 -- Nord Oil International Inc. (OTC: NDOL) today provided an update on its recent unsolicited offer and NASD OTCBB listing.
According to the company, management has reviewed the unsolicited offer and has determined it to be bona fide and expects to release the details on or before May 10 at the close of market. Due to this material event, the listing on the NASD OTCBB has been delayed until shareholders have had the opportunity to review the unsolicited offer.
"It is clear that a listing on the NASD OTCBB would be ideal for our company, however the significant premium on the unsolicited offer represents a higher and more important opportunity to our shareholders and we need to allow them the time to evaluate its significance," said Mr. Viatcheslav Makarov, President of Nord Oil International Inc.
Wed, 10 May 2006 6:00:00 PDT
MONTREAL -- (MARKET WIRE) -- 05/10/2006 -- Nord Oil International Inc. (OTC: NDOL) announced today that the boards of directors and majority shareholders have approved and signed an Agreement on merger terms with The North-West Oil Group.
According to the company, Nord Oil International Inc. will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group.
The total merged enterprise value is currently estimated at USD $1.25 billion, representing approximately $2.20 per Nord Oil International shares post merger.
Tue, 20 Jun 2006 15:12:00 PDT
MOSCOW -- (MARKET WIRE) -- 06/20/2006 -- The merger of Nord Oil International (PINKSHEETS: NDOL) and North West Oil Group is an important step toward satisfying the global demand for petroleum, according to Ernest G. Malyshev, president of the merged company.
"Russia has large untapped reserves and older fields with significant reservoirs of recoverable oil," said Malyshev. "This merger and additional developments in the corporate pipeline will give us the synergy and financial strength to expand operations and improve shareholder value."
Acquisitions won't stop with Nord
The company presently has proven and probable reserves of 208 million barrels. Negotiations are underway to acquire significant additional reserves over the next few months.
"Our ultimate goal is to move from the ranks of junior Russian oil companies into the top tier," said Malyshev.
Acquisition details will be released in the near future.
Wed, 21 Jun 2006 6:00:00 PDT
MOSCOW -- (MARKET WIRE) -- 06/21/2006 -- NDOL/North-West Oil Group (PINKSHEETS: NDOL) announced today that it has won the tender for the acquisition of the Magma Oil fields. The battle for the tender included major international oil companies, however, North-West Oil Group came up on top.
According to the company, now that the tender has been won, negotiations are well underway to conclude the transaction for the Magma Oil Fields estimated at approximately USD $350 million, in an all cash transaction.
"Once the acquisition is completed, our company will have total reserves of 345 million barrels and will increase production to 7 million barrels per year," said Ernest Malyshev, President of NDOL/North-West Oil Group. "The remaining recoverable reserves of the Magma Oil Fields are over 137 million barrels, which are being serviced by 33 wells and 2 booster pumping station," further added Mr. Malyshev.
Tue, 17 Oct 2006 13:01:00 PDT
NEW YORK, NY -- (MARKET WIRE) -- 10/17/2006 -- North-West Oil Group (formerly Nord Oil International Inc.) (PINKSHEETS: NDOL) announced that it has acquired 63% of Creditline, the Russian project operator, which is set to construct a $3.5 billion refinery and petrochemical facility. The refinery will produce diesel fuel and directly distilled gasoline, while the petrochemical facility will focus on olefin, benzol, polyethylene and polypropylene.
Thu, 29 Jun 2006 6:48:00 PDT
MOSCOW -- (MARKET WIRE) -- 06/29/2006 -- Nord Oil International/North-West Oil Group (PINKSHEETS: NDOL) is completing negotiations for the acquisition of NK SaratovNefteGeofizika in an all cash deal. This acquisition shall be made in parallel with the Magma deal which was announced last week. There is a definite interest by a number of European funds to provide the necessary funding for these acquisitions.
The President, Mr. Ernest Malyshev, states, "Russia is a key supplier of petroleum products to Europe, and the European banking and commercial institutions are eager to participate in all oil/gas ventures involving oilfields in Russia."
NK SaratovNefteGeofizika is an oil, gas and condensate producing company located in the lower Volga basin within the Saratov area, which is a mature petroleum region of Russia.
The purchase shall be for 100% of both the Company and its subsidiary, ZAO Itilneft.
The Company, which was formed 7 years ago, provides an excellent opportunity to acquire low priced assets in the very prolific Lower Volga Basin; its licenses have significant further upside potential with a large surface to explore within well-defined prospects. The Company has all the necessary services and facilities for growth. It presently has 142 employees and 3 certified chemical laboratories.
The assets of the target Company include among other advantages the following three areas of production.
The Ternovskoye Oil and Gas Field has 6 wells with a 7th well being set up, and it consists of the four reserves.
Its Klinsovskii Oil Reserve has 12,446,000 barrels of proven reserves and 17,994,000 barrels of probable reserves. In 2005, annual production was 584,000 barrels of oil..
The Vorobievskii Gas Reserve has 3 wells and the probable reserves are 505 MM cubic meters of gas with 83,000 tons of condensate. The gas reserves are to be in production in 2008.
The Vorobievskii Oil Reserve has 3 wells with 5,548,000 barrels of reserves of oil.
The Bobrikovskii Gas Condensate Reservoir has 4 wells with estimated gas reserves in the amount of 556,000,000 cubic meters.
The East-Ternovskoye Gas Condensate Field has gas reserves of 107MM cubic meters and 129,210 barrels of condensate. The probable gas reserves are 207MM cubic meters and 250,390 barrels of condensate.
The Ostrolukskoye Oil Field has 2 wells with a yearly production of 85,417 barrels with proven and probable reserves of 85,417,000 barrels of oil. There is also a direct pipeline to the Engels oil and gas base which belongs to the company.
The quality of the produced oil from these deposits shall obtain a premium price per barrel and this will economically provide a most efficient return.
The acquisition should be completed within 2-3 months and shall provide Nord Oil International/North-West Oil Group with another step towards its quest to greatly increase its presence in the European oil marketplace.
The President, Mr. Malyshev, assures the shareholders that this step as well as that of acquiring the Magma operations shall dramatically increase value for the shareholders and market presence, value and strength for the Company.
About Nord Oil International Inc.
Nord Oil International Inc. 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.
