North West Oil Group, Inc. (NWOL)

[treepeople]

Rasica,

Never heard of MTSI, so no comments there.

I am comfortable discounting Nord's value as a Russian play because the market does that to most Russian plays. Happy to use the easy 50%, eventhough I think it is too much, because it still shows how cheap BTSI stock is here.

BTW, Nelson Res.(a Russian O&G play based in Canada) was recently purchased. That gives us something more to play with for guesstimating a value for Nord. Look at the material below, posted by 2Create over on R-bull.

Best regards,
Treepeople


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BTSI Recent Comp. Valuation @ $1.64/Share post split! ;)
***This is calculating NO further Acquisitions announced**

...The following recent bid by a (the) Largest Russian Oil producer (Lukoil) for a foreign listed company (Nelson out of Canada) with Russian Oil operations...Indicates the approx cost to e equal to $7.41.Brl of 'Proven & Probable" Reserves!!.....
That said...BTSI has 48 mil. Brl of Proven and Probable Reserves....And will have 216 Mil Total O/S (including the 180 mil Restricted)....
So 48 mil. x $7.40 = $355, 200,000.
Divided by 216 mil Share O/S = $1.64/share!! ;)
So THAT IS the most accurate indicator of 'going VALUE' according to the largest Russian Oil company....if we were being liquidated or bought out.....YES!

...Here is the recent News article in part:

Lukoil to Buy Kazakh Oil Producer Nelson for $2 Bln (Update5)
Sept. 30 (Bloomberg) -- OAO Lukoil, Russia's biggest oil company, will pay as much as $2 billion to buy Nelson Resources Ltd. to increase its reserves in Kazakhstan, where production may triple within a decade.

Lukoil agreed to pay C$2.57 ($2.19) a share for the Bermuda- based company, whose stock trades in Canada. The offer, 13 percent less than Nelson's closing price yesterday, was accepted by controlling shareholders that own 65 percent of the company, Moscow- based Lukoil said today in a statement.

The takeover will be the largest-ever foreign acquisition by a Russian company and is the second bid for a Kazakh oil producer in six weeks. Oil companies including China National Petroleum Corp. and Oil & Natural Gas Corp. of India are trying to gain reserves from Kazakhstan to Canada as energy demand surges and new deposits become more difficult to find.

``What you have going on across the world is a scarcity of oil assets,' said William Browder, who manages about $2 billion at Hermitage Capital Management in Moscow. Lukoil wants ``to grab some of the assets that probably would be grabbed by the Chinese if the Lukoil guys didn't step in first.'

Lukoil is buying Kazakh assets as Russian President Vladimir Putin tightens government control of the industry and raises taxes, discouraging investment. Output this year will rise at its lowest rate since 1999. Kazakhstan, second to Russia in oil output among former Soviet states, plans to triple crude supplies to 3 million barrels a day in 2015.

Surge in Takeovers

Shares of Nelson Resources slid 7.9 percent in London to 129 pence (C$2.66) as of 11:00 a.m. The stock closed at C$2.95 in Toronto yesterday. Nelson shares had surged after China National on Aug. 22 agreed to pay $4.18 billion for PetroKazakhstan Inc., raising expectations of a bid for Nelson. Lukoil is paying 15 percent more than Nelson's Aug. 21 price.

After this transaction, $120 billion of oil and gas takeovers have been announced this year, almost double the $61 billion in the first three quarters of last year, according to data compiled by Bloomberg.

Browder estimates Lukoil is paying $7.41 for each barrel of proven and probable reserves, compared with the $10.70 a barrel the Chinese oil company paid for PetroKazakhstan. Lukoil shares rose 1.5 percent to 1,646.60 rubles on the Moscow Interbank Currency Exchange Index.

Oil producers are expanding into Kazakhstan after growing demand for the fuel in neighboring China helped push the price of crude oil to a record $70.85 a barrel on Aug. 30 in New York.