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MONTREAL -- (MARKET WIRE) -- 04/04/06 -- Nord Oil International Inc. (Frankfurt: CXIA) (OTC: NDOL) announced today that local and regional governments have approved the company's plans to start its oil production starting June 1, 2006.
"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 barrels 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.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries; Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves. currently up 55 percent on high volume, insiders hold a large percentage of the float. ( 337 million O/S 500 million A/S ) last trade .14, volume 1,095,450, 10 day average volume 186,651. what do you think?
Posts: 2503 | From: connecticut | Registered: Mar 2005
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when they begin production they will be pumping over 400,000 dollars A DAY! in oil!. up 50% on 10x average volume. up 100%+ since yesterday, currently at .135 on 1.76 mil volume
Posts: 2503 | From: connecticut | Registered: Mar 2005
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close to 200 million in revenues over the next twelve months! huge! thats about 70 cents a share in revenue for the year ending june 07!. I am in!. GLTA!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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B/A moving up! .14 x .144, up 55% on 10X 10 day volume, should start popping up on screeners. L2`s look good.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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These guys are supposed to start paying divs on the profits one of these days.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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they have 9.6 BILLION DOLLARS in proven and probable reserves, with 12 month revenue approaching 200 MILLION DOLLARS. surprised so few are watching this.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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And its oil. I would think that guarantees some sort of profitability, the way oil is going. The demand and all. I'm just going to leave my shares here and wait.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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Be cautious, I have watched this stock since it was named bio-tracking security. It typically runs from .06-.16. They will release a PR, it will run, then pull back. It may not fully run until they pull it out of the ground. Just an observation.
Posts: 4381 | From: houston | Registered: Mar 2006
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thanks invester, I will be cautious. they do have real working wells and unlike other oil stocks that have run hard on news of the possibility of a few thousand barrels a year this company will be pumping 6500 barrels A DAY from wells that aready exist. income will be HUGE, already looking at 40 million plus WITHOUT the oil wells. looks good. have to wait and see. opened gap up, still moving, lets see how it pans out.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Alright, I'm back in. I don't want to miss the boat on this one. I’ve been trading other things thinking I could get back in at .065, but it looks like it is sustaining. I had to buy back in at .145, but the company is worth 50x this.
Posts: 4381 | From: houston | Registered: Mar 2006
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The shares out are only 214m. This company has over 9 billion in proven reserves. This stock is worth well over $5 a share.
Posts: 4381 | From: houston | Registered: Mar 2006
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they will pull in 150 million dollars in the first year! wait till they realy ramp up!! this will be HUGE!!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Alright guys, I just bought an additional 200k. Let's see where she goes. Looks fantastic.
Posts: 4381 | From: houston | Registered: Mar 2006
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you know alot of people make predictions about pennies going over a dollar and i usualy think they are nuts. but this one, all things considered, maybe, just maybe. lets see. still moving up well on small trades. L2`s B- .149 A - .15, tic up!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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They haven't pulled it out of the ground yet. I've been tracking this for about a 1 1/2 years. That last PR should do it though. Its just to close to production time. Take a look at XSNX, I founf that at .11, I think this will have the same run, if not more.
Posts: 4381 | From: houston | Registered: Mar 2006
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still holding up. volume is good, lots of buys at this level, up a total of 120+ percent over the last three days. looking good!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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yes and i think this one will make longs very happy, I like it. dont buy or sell on my opinion. do some DD first. GL and happy trading!!. B/A now .18 x .183!, a flood of buys from .165!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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Ditto - thanks for posting info on this one...stayed up rather late reading about it...in small, but in long.
Posts: 456 | Registered: Mar 2006
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small investment = large gains! hopefully!! still moveing up! L2`s now .186 x .19! maybe .195/.20 by the time this post hits! moveing fast now!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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congratulations to the ones that got in today. Made 60k. this has a value of over $5. Kudos.
Posts: 4381 | From: houston | Registered: Mar 2006
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This would not be the first time. I did the same with XSNX, RSHN, KSWJ, and now NDOL. All have paid, except KSWJ. Only a matter of time for that one.
Posts: 4381 | From: houston | Registered: Mar 2006
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You can't look at them like they are pennies, you have to look at the product, the shares out, if they are issuing more, talk to management. The list goes on, and on. This is not a simple throw of a dart.
Posts: 4381 | From: houston | Registered: Mar 2006
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