NWOG: Most of us bought NWOG much higher. I bought at .05, and worse, I know people with avg. over .10. You buy at .04 you're golden! lol I will buy more here now that we know when the audits are coming.
NWOG to Participate in Ulianovsk Auction May 22, 2007 10:45:00 AM MOSCOW -- (MARKET WIRE) -- 05/22/07 -- North-West Oil Group-Saratov, a division of NWOG Inc. (PINKSHEETS: NWOG), will participate in an auction to acquire the right to explore and produce hydrocarbon material at the Davidovsky license field (850,53 sq. km.), that is going to be held June 21, 2007.
The field is located in the Ulianovsk region, Russia and borders upon the Penza region.
Through a part of the field runs the main regional road. The territory of the field is crossed also by the main-line railway, gas pipeline and the oil pipeline "Druzhba."
The reserves of the Davidovsky field include 9,760,100 barrels of categories C(3)+D(1), 5,015,100 barrels of category D(1) and 4,745,000 barrels of category C(3).
The approximate value of the asset amounts to 3 mln. $
About North West Oil Group (formerly Nord Oil International): North West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Evgeniya Popova North West Oil Group Tel: +7 495 621 11 15 E-Mail: jane@szng.ru Web: http://www.szng.ru
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