North West Oil Group, Inc. (NWOL)

[texas tom]

The money did not have to come from the Chinese. However, the most recent PR (in Russian) suggests that NWOL will be making purchases into the billions of dollars for a number of beach front 5 star hotels. That kind of capital investment can only come from the Chinese. Perhaps, as a result of the Sinopec JV.

NWOL announced spectacular results for the first nine months in 2008. NWOL is producing 2400 BOPD. This appears to be with the wells choked down do to field limits to conserve gas pressure. There has been no effort made to increase the daily allowable production. EPS will come in at .26/share (including restricted shares). EPS will be .45/share (not using the restricted shares in the calculation). I do believe we will see audited financial statements for the year end. I am looking for book value to be around $5/share. The above does not consider the financial effect of the Marbella property on year end numbers. NWOL mgt. is not ready to let the stock run. Hold on to your seat belt when it happens. The public float is slightly higher than 5 million.

Very doubtful this is a scam. Putin owns one-third of the stock of NWOL private. His name has been connected to NWOL on numerous occasions.

STRONGUS did extensive work to determine there is about 10.8 million shorts. I believe the actual number is much higher.