North West Oil Group, Inc. (NWOL)

[eik]

<<Acquisition of OAO NK "SaratovNefteGeoFizika."
The purchase price is $60 mln. Negotiations with an English bank were held and a relevant financing structure was elaborated. In accordance with it the bank is prepared to provide $50 mln. $10 mln. the company shall issue in stock on account of prospective increase in share price. So far the reaction of the seller has not been received.>>

This partially answers the question of increasing OS. According to the company, the float was not increased. They keep working with the same bank ("Russian" branch of "English" bank). Delays are "normal" in Russia.