LOCHAN EPS is missing a/o now. NDOL Sales=$250M Sales:Board I was in error this a.m on my calculation and some one questioned it. I was going by the board info but that is different from the actual PR information which I found.
This is POST #15 So
All HAVE A GOOD NITE, and GOD BLESS AMERICA, and you if you don't happen to live here. But here is the info!
The "board info" has 2.3M barrels for 06, but that is not accurate according to this article. If we start oil production Jun 1 06, the 2.3M barrels x $65.2=$150M is for the *ensuing 12 months*. If you read below, the 12 month period ends June 07 and = $200M oil (including storage $50M). Then add the NW Divs oil $$ 2450 bpd x 365days x $65.2per/barrel= $53.3M NW and you get a
*****<<< NDOL & NW 2 Divs Grand total :***>>>>
NDOL $200M + NW $53.3M= ****$253.3 mil***
Grand Tot as of June 07**
Nord Oil Receives Green Light to Commence Oil Production
Tuesday April 4, 6:00 am ET
MONTREAL--(MARKET WIRE)--Apr 4, 2006 -- Nord Oil International Inc. (Frankfurt:CXIA.F - News) (Other OTC:NDOL.PK - News) announced today that local and regional governments have approved the company's plans to start its oil production starting June 1, 2006.
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"We are truly grateful for the tremendous support we have received by local and regional governments to expedite our authorization to commence our oil production," said Andrei Kuzovlev, Executive Vice-President of Nord Oil International Inc. "The production is expected to yield approximately 6,500 b
arrels per day or *2.3 million barrels of oil for the following 12 months, representing revenues of approximately $150 million USD, and when we add this revenue to our existing transport, storage and trading business, total revenues should reach close to $200 million USD by June 2007," further added Mr. Kuzovlev.
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