Replies to post #24982 on North West Oil Group, Inc. (NWOL)

[maki]

Imo - you are right free float should be apprx. 20%
100 - 106 mio. shs.)

[eik]

“Repurchase of US shares @ 0.5” is exactly my “tender” scenario that we discussed before. IMO. It’s one of the best things NWOG could do to raise stock valuation: “Get out from Pink Sheets (better US market at all), and start from scratch in Europe”. I used to mention TatNeft as example and even included this in my list of questions, which I sent them.
The reasons I am less confident in such a development now:
1. I suspected that float is diluted to up to 300-400 mln now. Your number 100 mln actually sounds very encouraging. I somehow missed this point. Interesting, does it include possible 300 mln dilution that was mentioned by Mrs. Sozina? If those shares were issued but were restricted or went to the close group of ”long term shareholders”… it would be nice as well.
2. The timing is everything. I am not 100% sure that we start trading in London in the first quarter. Then millions of restricted shares will become available for trading and could be moved to AIM IPO. OTOH, why would NWOG insiders want to do this? They will never get a fair (or even close to “fair”) price in London until US pinky mess is fixed.
In general, I still agree with scenario you described… just a little bit more cautious now than I used to be.

[stevieberliner]

Excuse me for repetitions, but the more i think about it, the more picture gets clear to me.

Besides my private university conversations with guest professor from St. Petersburg (russian town partnership),i know that in russian business its common to drink strong alcoholic beverages afer breakfast & business meeting around 10.00am, unbelievable, however, but simplest way, to communicate, could be the best...!

In relation to NWOG/Lukeoil management decisions to rule that company to a bigger player, my mentioned scenario becomes more and more convincing me:

-Buyback to IPO realtion is a fantastic way of refinancing the investment program by itselfs.

-Buyback is quickest device to drive the PPS up, justifies higher AIM stock in March/April07.

-Give them full control to release shares to AIM.



- Something i forgot, but fit as well...., just my thoughts, free to add!

stb