posted
Russia doesn't need to flood the market with cheap oil. They have plenty to take care of right at home. Lower transportation costs and higher revenues.
And oil won't be seeing $200, but it will be adjusting for inflation this summer to somewhere in the neighbohood of $90 to $100. Regardless, gas prices here are some of the cheapest in the world. Many european countires NORD will deal with are in MUCH worse shape than us.
Thousands of oil companies flourish despite OPEC. NORD will be yet another.
posted
here it is just to get it on this page.... sorry for a repeat
Nord Oil International and the North-West Oil Group Agree on Merger Terms
MONTREAL, May 10, 2006 (MARKET WIRE via COMTEX) -- Nord Oil International Inc. (OTC: NDOL) announced today that the boards of directors and majority shareholders have approved and signed an Agreement on merger terms with The North-West Oil Group. According to the company, Nord Oil International Inc. will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group.
The total merged enterprise value is currently estimated at USD $1.25 billion, representing approximately $2.20 per Nord Oil International shares post merger.
The current board of directors is being changed to include 4 members appointed by the North-West Oil Group shareholders out of a total of 7 board members. Effective May 11, 2006, Mr. Makarov will have resigned his functions of President and CEO and Mr. Ernest Malyshev, President of North West Oil Group has been appointed the new President and Chief Executive Officer.
Management will proceed to fill the appropriate forms with the SEC such as the PRE 14C and 8K required to make said merger effective. Complete disclosure on the North-West Oil Group will also be provided on form 8K on or before May 15, 2006.
"We are very happy for all our shareholders. Being acquired is one thing, but joining with such a prominent oil and gas company is truly remarkable and one that will create substantial shareholder value," said Mr. Makarov, President of Nord Oil International Inc. "The combined revenues from oil production and reserves will create one of the great oil and gas companies, now and for many years to come," further added Mr. Makarov.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.
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.
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN? Posts: 600 | From: CO, WI, contracting in Iraq... | Registered: May 2006
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posted
This company is going to the OTCBB or higher soon, no way a 1.2B company stays in the pinksheet. What is the biggest company in the pinksheet?
Posts: 119 | From: home | Registered: Apr 2006
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posted
This news sounds good. We get to keep our share count and the company holdings are a lot more than we had.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Nord Oil International and the North-West Oil Group Agree on Merger Terms Wednesday May 10, 9:00 am ET
MONTREAL--(MARKET WIRE)--May 10, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) announced today that the boards of directors and majority shareholders have approved and signed an Agreement on merger terms with The North-West Oil Group.
According to the company, Nord Oil International Inc. will acquire by way of a reverse merger 100% of the outstanding shares of two divisions of the North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and Company "Neftegazenergo" Ltd. As the result of that merger, Nord Oil International shareholders will own a total of 41% and the shareholders of the North-West Oil Group will own 59% of the newly created entity to be renamed the Northwest Oil Group.
The total merged enterprise value is currently estimated at USD $1.25 billion, representing approximately $2.20 per Nord Oil International shares post merger.
The current board of directors is being changed to include 4 members appointed by the North-West Oil Group shareholders out of a total of 7 board members. Effective May 11, 2006, Mr. Makarov will have resigned his functions of President and CEO and Mr. Ernest Malyshev, President of North West Oil Group has been appointed the new President and Chief Executive Officer.
Management will proceed to fill the appropriate forms with the SEC such as the PRE 14C and 8K required to make said merger effective. Complete disclosure on the North-West Oil Group will also be provided on form 8K on or before May 15, 2006.
"We are very happy for all our shareholders. Being acquired is one thing, but joining with such a prominent oil and gas company is truly remarkable and one that will create substantial shareholder value," said Mr. Makarov, President of Nord Oil International Inc. "The combined revenues from oil production and reserves will create one of the great oil and gas companies, now and for many years to come," further added Mr. Makarov.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
assets of 1,25 billion in the new company woooooowwwwwwww, yep first otc and like parkin said..going higher will be "natural" i think they go to amex now within a few months
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
it's official boys and girls... i am now sporting a chub. goin to bed... looking forward to opening my account after market close!!! buy buy buy! GLTA!!!!
-------------------- NDOL(well before the crash)FPPL BLDV CSHD WWEN? Posts: 600 | From: CO, WI, contracting in Iraq... | Registered: May 2006
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quote:Originally posted by NoWhen2HoldEm: 1.25 Billion. This is excellent news!
1.25 billion dollar company x 41% share / 236 million shares = the neighborhood of 2.17 - 2.20 a share.
Exactly...I read it that our shares will be worth $2.20 post merger. This gives me an even better reason to hold onto this for long term capital gains treatment. I was never in this for the quick buck.
Posts: 456 | Registered: Mar 2006
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posted
If shares were going to be restricted, I would think that they would mention it, you would think. Just a guess.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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so lets say they file the 8-k and shares are restricted then we're fuc*d just like after jphc's pr
Posts: 4071 | Registered: Dec 2005
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Fuzzy... it depends. You're screwed in terms of selling, yes, but if you believe the new company will be good, why not sit on your investment for 2 years?
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
this will not be restricted...this is major new company! this will go up and they know that, they are not worried people dump shares...this is not jphc crap
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
let's just hope they're not restricted, I don't like the idea of havin' my money stuck for 2 yrs with any company
Posts: 4071 | Registered: Dec 2005
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posted
this will go to 5 bucks soon! mark this post...this is one of the most influential companies in the oil industry in russia and you can bet on it they go to otc next week and immediately file to go to amex
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
That is good news and at 1.15 already. I am glad I held on and didnt panic when the drop came.
Posts: 26 | From: NL | Registered: Feb 2006
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posted
I dont think they will be restricted because this is a reverse merger, the private company wants to go public and is using nord to get there. By restricting shares they are just shooting themselves in the foot. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Well, shudder my Timbers, this Windjammer just made record time around the Horn!!
Posts: 10729 | From: oregon | Registered: Feb 2005
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