Replies to post #6949 on North West Oil Group, Inc. (NWOL)

[whonose5]

my dumb question: if the reserves cant be listed as assets unless they are removed from the ground, what does this refer to?:

...Intangible Assets (Reserves, options, licenses) $99.4 mill

and where in their financials are they required or likely to refer to any so-far-unstated reserves value so we can get the true $ picture?

surely it doesnt make sense that the 180 million restricted shares holder would vote for this deal UNLESS we aint yet seen the full reserves value stated yet

OR UNLESS that 180 mill shareholder has a side deal that profits him somewhere else entirely (which would seem to be rather tree-shadey, if true), but we've no evidence of that.

thanks,
whonose5