North West Oil Group, Inc. (NWOL): I am not sure if the sale of restricted...

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texas tom

Re: oilspec post# 43253

Tuesday, 03/25/2008 12:10:24 AM

Tuesday, March 25, 2008 12:10:24 AM

I am not sure if the sale of restricted shares dilutes the book value. A question was raised about NWOL showing $61,000,000 in sales when they release their financial statements. This comes from daily production of 2450 BOPD from 12 oil wells. The daily production will rise to 3600 BOPD in 2008 once the Shalinsky wells are put on line and NWOL drills and completes 5 additional wells. An addition would be if the Russian state officials increase the daily allowable after studying flow numbers on the new wells.

NWOL will show about .60 per share net income from historical data. This number will increase from higher oil prices and if any income is booked from the awarded Syrian refinery contracts.

Listing on a number of exchanges and uplisting is a win win situation for all of us. This will make the stock more liquid.