2. Those 25 mln shares could be restricted and might go to current NWOG insiders w/o increasing the float.
3. If this new merger deal is for real, the whole deck (with 59% majority, etc.) will be shuffled, and we can only guess what our stake would be after that.
4. "any news on the "huge" ex ndol russian oil licenses - or have the gone lost completely in the endless russian taiga" I have already expressed my opinion about "huge" ndol licenses (more than once). Based on my research - it's "or". :)