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Re: jake1279 post# 45482

Wednesday, 12/24/2008 2:41:05 AM

Wednesday, December 24, 2008 2:41:05 AM

Post# of 46027
Don't forget the 80,000 share volume several days ago. It's going to take some good volume to decisively turn the direction of NWOL.PK. According to several Spanish media sources, Northwest oil group picked up the Los Monteros hotel at a discount of about 40,000,000 to pre market meltdown values. The Lebanese group that sold the hotel had serious financial troubles and had to sell at whatever they could get. There is another hotel that is available to NWOL from the same group. In addition, Northwest oil has acquired three (3) management companies that manage three hotels. Fortunately, Northwest oil did not pick up any oil leases during this recent slide. However, now would be a good time for them to be looking for the right oil and gas properties.

We may see a spinoff to shareholders. Northwest oil has promised in the past to issue a dividend. We have probably seen the worst with share prices.