Audited financials sets them in the top 10% of all pinks. The big issue was how they delivered them. The way they gave them to us was to promise their coming in, I believe March, then give us a crappy, what well could have been, hand written peace of paper vaguely showing their financial on the promised date. It was not the audited. They "goofed" in explaining to us clearly when and what was going to be released. The effect was a drop from .05 range to .035 range when it should have been a run to above .10.
I'm convinced they have again botched the communication issue and pushed us down to where we are now. Some who have taken huge risks with NWOG by holding millions of shares are now probably fed up and want to take some of their money elsewhere. It's a credibility issue tied directly to their inability to get communication correct and their ignorance on the cultural mind of the American investor & connecting with them. If they can ever get this correct, then we will see a fare value, or close to fare value trade price for their shares (in the .10-.15 range IMO). But, it will never see it's true value until we get off the pinks. As Eik has clearly pointed out, .15-.20 is a fare estimate of present value without the delas coming. If they can move to OTCBB, and get the communication thing in order, we'll see our value IMO. I think Malyshev will get us there. That's why I'm willing to wait and see what come to fruition.
As for the pumping oil & proof, look at the financials and you might be able to look here too... http://biz.yahoo.com/iw/070731/0284469.html Also, they purchased some drilling rigs from China, I believe it was, last year or early this year. Don't have time to look for it. Maybe someone else can find it and post it.
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