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Friday, 11/23/2007 9:09:06 AM

Friday, November 23, 2007 9:09:06 AM

Post# of 5803

President of the Company Calls for Investors to Share Their Questions
Friday November 23, 7:58 am ET

MOSCOW--(MARKET WIRE)--Nov 23, 2007 -- North-West Oil Group Inc. (Other OTC:NWOL.PK - News) announced today that a decision has been made by the Company's management to substitute traditional conference calls with a new form of communication.

The Company hence expects to receive e-mails from its investors stating clearly the questions that the latter are most concerned with. An appropriate press release will come out then, providing the answers of Mr. Malyshev, President of North-West Oil Group Inc., to all the questions received.

Mr. Malyshev stated: "I firmly believe that this new practice of communication with the people who invested in the Company will allow us to avoid misunderstandings and ambiguities, which dishonest shareholders make use of in their speculative interests. Furthermore, it will attribute more transparency to the information provided by the Company as all the answers will be published and available for examination."

The Company anticipates to initiate this new practice early in December. Investors are therefore most welcome to share their questions starting from today. E-mails for contact: szng@szng.ru; sazonova@szng.ru

As stated in the press release of November 21, it also remains the Company's intention to cover the losses of shareholders incurred at the time of the merger. The President assured in his turn that honest shareholders will be compensated for their losses in a due way. According to Mr. Malyshev, the Company is ready to legally detect dishonest shareholders and start a trial against them

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