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[QUOTE]Originally posted by mgd723: [QB] New news on there oil reserves NDOL -- Nord Oil International, Inc. Com ($0.001) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Nord Oil / North-West Oil Group Provides Details on Its Oil Reserves Oil Category C1: 5,000,000 tons (36,750,000 barrels); Oil Category C3: 1,920,000 tons (14,112,000 barrels); Oil Category D1: 21,400,000 tons (157,290,000 barrels) Total Proven and Probable Reserves: 28,320,000 tons (208,152,000 barrels) MONTREAL, May 30, 2006 (MARKET WIRE via COMTEX) -- Nord Oil / North-West Oil Group (PINKSHEETS: NDOL) today provided details on its proven and probable reserves, which amount to 208,152,000 barrels. The North-West Oil Group currently has 4 licenses for oil production in the Saratov region, including Severo-Vasnevetskoe, Stepnovskoe, Kalininskoe and Goruchenskoe. The current volume of production is approximately 2,450 barrels per day or 894,250 barrels per year. The North-West Oil Group was also granted 2 development licenses. The fist is for the Shalinsky property, which spans 546.8 square kilometers and has reserves of 5,000,000 tons of oil (36,750,000 barrels) of category C1. The second license, named Surgutsky includes 7 properties located, which spans an area of 329.4 square kilometer in the Hanty-Mansysisk and Nefteyugansk regions. These properties are evaluated to hold 1,920,000 tons of category C3 and 21,400,000 tons of category D1 representing 171,402,000 barrels. About Nord Oil International Inc. Nord Oil International Inc. is a reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. The company is in the process of filing all regulatory statements and will change its name to the North-West Oil Group and will be issued a new ticker symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly. 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. [/QB][/QUOTE]
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