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Re: vicsteele post# 43207

Monday, 03/24/2008 12:00:23 PM

Monday, March 24, 2008 12:00:23 PM

Post# of 46027
I don't think we will see audited financial statements until after their fiscal year ends on 3/31/08. More likely, the later part of next month. NWOL has stated we will see a balance sheet that shows at least a $9.20 book value. Also, gross income of at least $61,000,000. The company does intend to uplist to either the bulletin boards or AMEX. Also, we will see a listing of NWOL shares on a number of exchanges. We should also hear about the two wells that were drilled on the Shalinsky field last year. I do believe we will receive some type of dividend, i.e. Imperial Energy shares or additional shares of NWOL. We might not see a PR until the financial statements are completed. The company is probably going to to do a comprehensive PR updating events and announce the refinery projects they have been awarded.

I know it is tough to wait it out. However, the reward is well worth it. I have no interest in selling any shares until I've had a chance to study the financial statements once released.