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Re: Lucullus post# 33339

Tuesday, 05/29/2007 6:41:15 PM

Tuesday, May 29, 2007 6:41:15 PM

Post# of 46027
Lucullus -- I am thinking along those same lines. Mr. Malyshev said the current cash buyout value of NWOG is $100 million. That is four times the current market cap. Correctly valued, our shares are today worth a minimum of 15.2 cents.

Production is supposed to increase by 50% by year's end, and there may be a merger by the end of the summer, and hopefully a deal in the Middle East (Syria and Algeria) of which NWOG will be a 50% beneficiary.

I hope to see quarterly reports from now on. We will also see an uplisting within one year. All of these developments should push the real value of one share to at least twice the current buyout value of 15.2 cents within four to six months.
I strongly believe a pps of $1.00 is attainable but in my opinion it will depend upon NWOG being listed on a higher exchange.