posted
I think we could see two or three more tomorrows concerning pr. Lawyers are now reviewing financials. That could take more time. Just give a fluff pr or something rather than leave us out in the cold like a Siberian winter.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
this just out: Press Release Source: Nord Oil International Inc.
Nord Oil / the North-West Oil Group to Create a Joint-Venture With Oil India, India's Leading Oil and Gas State Enterprise Tuesday May 23, 9:00 am ET
MONTREAL--(MARKET WIRE)--May 23, 2006 -- Nord Oil / The North-West Oil Group (Other OTC:NDOL.PK - News) and its president Mr. Ernest Malyshev are pleased to announce today that they are finalizing negotiations with Oil India, a leading oil and gas state enterprise for the creation of a joint venture to develop the Russian Oil market.
ADVERTISEMENT click here The Russian Oil Market constitutes approximately 49 billion barrels of proven oil reserves (4.8% of world's reserves) ranking six in the world. At the moment about 2,000 oil and gas deposits have been discovered in the territory of 36 out of 89 Russian subjects. Hydrocarbon material is produced in 30 out of those 36.
The maintaining of production rate requires state and private investments both in the upgrading of oil production and improvement of infrastructure and the newly formed joint venture will actively participate in such endeavors.
The company expects to timely release further details on the joint venture and its marketing plans, initial contracts and agreements.
About Oil India
Oil India Limited (OIL) is a premier Indian National oil company under the administrative control of Ministry of Petroleum and Natural Gas, Govt. of India. OIL is engaged in the business of Exploration, Development and Production of Crude Oil and Natural Gas, Transportation of Crude Oil and Production of LPG. The Company has over 1 lakh sq. km. of license areas. OIL's exploratory efforts has led to discovery of 85 oil & gas fields with total established in-place reserves of 842 MMT of oil & oil equivalent of gas as on 01.04.2002.
The Company presently produces over 3.2 MMTPA of crude oil, over 5 MMSCMD of Natural Gas and over 50,000 Tonnes of LPG annually. Most of this emanates from its traditionally rich oil and gas fields concentrated in the North-Eastern part of India and contributes to over 65% of total oil+gas produced in the region. The search for newer avenues has seen OIL spreading out its operations in onshore / offshore Orissa and Andaman, deserts of Rajasthan, plains of Uttar Pradesh, riverbeds of Brahmaputra and offshore Saurashtra. In Rajasthan, OIL discovered gas in 1988, heavy oil / bitumen in 1991 and started production of gas in 1996.
Posts: 58 | From: London | Registered: Dec 2005
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posted
"negaotiating joint venture" ??? does that mean the financials will be delayed even further???
Posts: 58 | From: London | Registered: Dec 2005
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posted
And be patient people...if you just have to have your 8-k first thing this morning then please consider liquidating. I really can not handle, ":::Squawk:::Where's the 8-k...where's the 8-k...where's the 8-k :::Squawk:::", anymore.
Posts: 456 | Registered: Mar 2006
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posted
It's a joke when nothing has been finalized on either deal. How long have we heard tomorrow. Till anything is a "done deal" it's a joke in my book.
posted
Does somebody hav a dictionary of abbreviations? Theres some new ones here that I don't get.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Today I might keep a closer watch on this.The chances are pretty good for us to hear some great news,but then again there is always that tomorrow word that Iam starting to hate.Lets see 1.00 today.
Posts: 127 | From: Ohio | Registered: Mar 2006
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posted
The only thing I can think about this PR is it might lead to more profits. I hope i'm right. Correct me if i'm wrong. Hey Abbaaaaaatttt. Purl where are you, something is happening.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
that deal is the NWOG group and will be finalized,these guys have the money so dont worry about that..i hope to see the filings and financials today also
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
Upticks, don't you see there are going to be many more tomorrows maybe next Tuesday which makes that today. Then we see numbers. We'll be up in the early AM then dip just like clockwork.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
what is going on here is that NWOG is doing deals all over the world because they have influential people behind it like putin and they want to become a major player in the oil market...i like this deal very much because it will make North west oil only bigger and bigger and we will not go to otbcc but this stock will be on the amex within a few months and then say byebye to this levels.... NWO is doing acquisitions everywhere and ndol was the vehicle to take them public...i can just say i like what i see..now good financials and bammmmmmmmmm
Posts: 1065 | From: switzerland | Registered: Mar 2005
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posted
WOW Uptickds - ONLY the 25th largest oil producing country in the world!! We might as well not even bother. That 3/4ths of a million bbl per day isn't worth our time.
Posts: 1053 | Registered: Mar 2006
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quote:what is going on here is that NWOG is doing deals all over the world because they have influential people behind it like putin and they want to become a major player in the oil market...i like this deal very much because it will make North west oil only bigger and bigger and we will not go to otbcc but this stock will be on the amex within a few months and then say byebye to this levels.... NWO is doing acquisitions everywhere and ndol was the vehicle to take them public...i can just say i like what i see..now good financials and bammmmmmmmmm
X
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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