posted
JUST REPOSTING THE NEWS__YES WE ARE MAKING THE NEWS ALL OVER THE PLACE ,,WAIT TILL NEXT WEEK!!!--Russian Oil Assets Merge in Canada Russia’s North-West Oil Group and Canadian Nord Oil International, whose assets are based in Russia, have signed a merger agreement. Nord Oil is to buy out North-West Oil’s producing subsidiaries in Saratov Region, setting up the new Northwest Oil Group. The Russian oil company will hold the controlling stake in the new firm. Ernest Malyshev, president of North-West Oil, and Vyacheslav Makarov, president of Nord Oil International, signed the merger agreement on May 9, Kommersant learnt. Nord Oil is buying North West Oil’s two subsidiaries, North-West Oil Group-Saratov and Neftegazenergo. The firms and 100 percent of Nord Oil’s stocks are to be included in the authorized capital of the new company called Northwest Oil Group. North-West Oil is to own 59 percent in Northwest, the remaining 49 percent will go to Nord Oil. North-West Oil’s president Ernest Malyshev is to become president and director general at Northwest.
North-West Oil Group was founded in St. Petersburg in 2004. Experts estimate the total resources of the oil group at some 7-8 million metric tons. Nord Oil International is registered in Montreal but all its producing assets are situated in Russia. The company’s proved and possible resources come to 6.6 million metric tons.
The merger deal will be concluded after it is registered with the U.S. Securities and Exchange Commission next week. Assets of the new joint company are believed to total $1.25 billion after the merger.
IP: Logged |
posted
Good post, SYGY. Oil is a strong card Russian hold for world power. NWOG is using NDOL as a shell to quickly list in US stock market. Since both companies are russian hold, I suspect that from the beginning, the NWOG's motive is using NDOG as an convenient bridge into the world market. All the buyout/merger/reverse merger are only stratgies (or tricks) to pump the price. BUt if they are worth what they claimed, I don't care what they did, as long as the price will go up after one PR following by other one.
IP: Logged |
posted
The bank recommended that Moscow invest its oil windfall fund into stocks and bonds outside Russia.
The funds, which was worth $61 billion April 1, is kept in rubles in a Central Bank account, and it is sometimes described as a safety net for the budget if oil prices tumble.
The Russian authorities have been reluctant to invest overseas for fear the money could be frozen by a foreign court in a lawsuit, the World Bank report noted. By investing the funds in stocks, a model followed by Norway, Russia could earn an additional $818 billion by 2030, the bank estimated.
In the report, the World Bank recommended that Moscow invest in the stocks of companies that benefit from oil prices as a hedge against a possible drop in oil prices.
IP: Logged |
posted
i really think that some of us don't realize the full extent of our investment here in NDOL!! just the damn DIVIDENDS should give us back our investments and the rest should be GRAVY!!!!! in a long position
IP: Logged |
posted
NDOL update:OLD NEWS BUT JUST think where we are going next!!!!------------------------------------------------------------------------ ----------------- Nord Oil International's sales reached $4,839,187 USD for the quarter with corresponding EBITDA of $1,987,329 USD and Net Income After Taxes of $320,327 USD. The company had total assets of $15,288,881 USD and Liabilities of $9,901,665 USD and Shareholders Equity of $5,387,216 USD. The listed assets did not include the company's oil reserves rights and licenses. It should be noted that Nord Oil International has a total of 48 million barrels of proven and probable reserves and expects production to start early 2006 but no later than 3rd quarter and projects productions of 2.3 million barrels in its first year.
"We are very satisfied with the results of the first quarter, since our product sales and trading assures a great foundation, which will be significant upon the start of our production," said Mr. Makarov, President of Nord Oil International Inc. "We can project similar results for the next quarters and project total revenue of our product and trading divisions to be approximately $19 million USD with EBITDA of approximately $8 million USD providing shareholders with $0.09 USD sales per share, $0.04 USD EBITDA per share and $0.01 USD per share of Net Income After Taxes and that without considering the production of our oil reserves. In addition, if we compare value for value, Nord Oil has 10% of the reserves of PetroKazakstan, which is valued at $4.4 Billion USD and therefore should translate in Nord Oil's value to be $440 million USD or $2.06 USD per share, making the current stock price truly undervalue," further added Mr. Makarov
IP: Logged |
posted
Sygy: It seems I am the only one here to read all of your posted oil news. Thanks! What your estimeted dividents we will have from NROD oil?
IP: Logged |
May 19: Oil prices extended their rebound in Asian trade today on continued concerns over Iran and Nigeria while players also priced in possible hurricane disruption in the United States as the summer storm season approaches, dealers said.
New York's main contract, light sweet crude for June delivery, was up 40 cents to 69.85 dollars a barrel from late New York levels Thursday. Brent North Sea crude for June delivery was at 70.00 dollars, up 33 cents.
"It's rebounding as there are many potential problems still ahead of us," said Victor Shum, a Singapore-based analyst at energy consultancy Purvin and Gertz.
With the US summer driving season around the corner, Shum said that gasoline (petrol) demand was still a concern despite the build up in stocks over the past three weeks. "There are concerns over gasoline demand and the potential hurricane season," Shum said.
The Atlantic hurricane season, which starts in June, is being closely watched by the market given how last year Katrina devastated oil refineries and rigs in the US Gulf region, sending oil prices to record highs.
IP: Logged |
posted
That are good numbers! For person holding 100K shares, about one thousand dollars per month income from dividants are quite an exciting.
IP: Logged |
posted
To the best of my knowledge there have been no payments yet, at least not to me. Maybe it's annual. I should call and get to the bottom of it.
IP: Logged |
posted
i remember reading some where that just the projected DIVIS for ndol before merger and for total 2006 was .16 for the year! but forgot where i read that
IP: Logged |
posted
I always thought that the share holder gets first rights to their divs, but if they are voting to reinvest that leaves me out, being a minor holder. They must already have enough votes before they get to mine.
IP: Logged |
posted
Go to the NDOL website under financials I think. It's in their somewhere.
quote:Originally posted by SYGY: i remember reading some where that just the projected DIVIS for ndol before merger and for total 2006 was .16 for the year! but forgot where i read that
posted
Go to the NDOL website under financials I think. It's in their somewhere.
quote:Originally posted by SYGY: i remember reading some where that just the projected DIVIS for ndol before merger and for total 2006 was .16 for the year! but forgot where i read that
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
