North West Oil Group, Inc. (NWOL)

[texas tom]

The PR was in Russian. It was dated 10/08. The PR could have referred to the first three quarters of 2008, not 2007. The financial data does not reflect the outcome of the 2 Shalinsky wells to be completed in 2008. Also, the 5 additional wells to be drillled in 2008. This is small potatoes compared to the 5 star hotel acquisition. I believe this is the fruit of the Sinopec JV. The best bet is that the financing for the hotel acquisitions are coming from the Chinese government.

I have done some study of the Ukraine. Forbes published an article which stated that 7 of the richest 15 people from Eastern Europe come from the Ukraine. Therefore, it is appropriate for NWOL to hold the press conference in Kiev on November 19.