North West Oil Group, Inc. (NWOL)

[texas tom]

CHANGE OF OWNERSHIP FOR LOS MONTEROS HOTEL IN MARBELLA.

Los Monteros hotel in Marbella has been sold to the Russian group, Northwest Oil.

Reports in La Opinion de Malaga newspaper this morning (November 21, 2008 at 8:50 AM) say that the current Lebanese owners, who also run the Las Dunas Hotel in Estepona, owe two months wages to the 180 workers at the establishment, and that the new owners will take over the management from December 1.

NORTHWEST OIL IS LISTED ON THE UNITED STATES STOCK MARKET.

The 5 star Los Monteros was opened in Marbella and has since then been a reference for luxury in the town.

Link: www. typicallyspanish.com

I will be posting other information on the transaction this weekend.

This should clear up who made the acquisition.