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By nord oils own mouth, they have stated in previous pr's that they feel the fair value is well above $2. The anticipation is killing me. When the offer comes in, the stock will jump to that price. If they offer $2, $2 it is. I can't believe everyone is not more excited, and buying the sh*t out of this.
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I was wrong, it is $3.50 proven reserves, and $11 probable. Holy Sh*t!!!!!!!!!
Source: Bio-Tracking Security, Inc.
Bio-Tracking Signs Definitive Agreement With Nord Oil and Concludes the Acquisition With Proven and Probable Oil Reserves Valued at Over $2.5 Billion USD MONTREAL, June 23, 2005 (PRIMEZONE) -- Bio-Tracking Security Inc. (Pink Sheets:BTSI) announced today that further to receiving significant positive results from RSM Top Audit, the company has signed a definitive agreement with Nord Oil and acquired its oil and gas properties as well as its storage facilities in Russia's Samara Region, the country's most prolific oil reserve, in a deal valued at approximately $2.5 billion U.S.
Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc.
"It wasn't quick to conclude, but our efforts have been nicely rewarded with a deal that brings us approximately $3.50 per share of proven oil reserve and $11 per share of both proven and probable oil reserve assets," said Mr. Amyot, President of Bio-Tracking. "We are very proud of the results and we hope this will translate in our common stock to be valued according to this new matrix," said Mr. Amyot
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.
CONTACT: Bio-Tracking Security Inc. C/O Finkelstein Capital Inc. Jean-Francois Amyot President Tel. (514) 448-6710 Fax. (514) 448-6712
Great West Oil & Gas Dr. Nicolas Matossian Tel. (514) 397-2683 jfamyot*finkelsteincapital
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I was wrong, it is $3.50 proven reserves, and $11 probable. Holy Sh*t!!!!!!!!!
Source: Bio-Tracking Security, Inc.
Bio-Tracking Signs Definitive Agreement With Nord Oil and Concludes the Acquisition With Proven and Probable Oil Reserves Valued at Over $2.5 Billion USD MONTREAL, June 23, 2005 (PRIMEZONE) -- Bio-Tracking Security Inc. (Pink Sheets:BTSI) announced today that further to receiving significant positive results from RSM Top Audit, the company has signed a definitive agreement with Nord Oil and acquired its oil and gas properties as well as its storage facilities in Russia's Samara Region, the country's most prolific oil reserve, in a deal valued at approximately $2.5 billion U.S.
Under the terms of the definitive agreement, the company will proceed to issue 180 million shares for 100% of the acquisition of Nord Oil's properties with proven reserves of 15 million barrels of oil and probable reserves of 33 million barrels; a deal valued at approximately $2.5 billion USD. The company will issue said shares post a reverse split of its common shares on a 1:12 basis, resulting in the total outstanding shares of the company to be approximately 216 million shares and where the shareholders of Nord Oil will own approximately 83%. Once the reverse split is executed and the shares issued, the company will proceed to change its name to Nord Oil International Inc.
"It wasn't quick to conclude, but our efforts have been nicely rewarded with a deal that brings us approximately $3.50 per share of proven oil reserve and $11 per share of both proven and probable oil reserve assets," said Mr. Amyot, President of Bio-Tracking. "We are very proud of the results and we hope this will translate in our common stock to be valued according to this new matrix," said Mr. Amyot
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.
CONTACT: Bio-Tracking Security Inc. C/O Finkelstein Capital Inc. Jean-Francois Amyot President Tel. (514) 448-6710 Fax. (514) 448-6712
Great West Oil & Gas Dr. Nicolas Matossian Tel. (514) 397-2683 jfamyot*finkelsteincapital
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I can't even stand this. I have never seen a company so undervalued. They have also filed to move to the OB market. What a great stock.
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they have other income sources as well and are making a ton of money>-------------------------------------------Nord Oil International Revenue Reaches $10 Million USD
MONTREAL, Feb 02, 2006 (MARKET WIRE via COMTEX) -- Nord Oil International Inc. (OTC: NDOL) released its quarterly results and cumulative 6 months financial statements. According the company's SEC filings, the revenues for the quarter were $5.8 million USD on corresponding earnings before interest and taxes of $324,000 USD and the six months results were revenues of $10.6M USD on corresponding earnings before interest and taxes of $741,000 USD.
The company's revenue was generally derived from its oil storage, oil transport and spot oil trading activities. The company expects these activities to account for only 20% of its revenue once it begins the oil and gas production on its properties under license.
The company is currently in discussions with several financial and strategic investors and operating partners for a stake in its lucrative oil reserves under license by Nord Oil. The company had previously released its production schedule and expects to begin production no later than the 3rd quarter of 2006 and expects the first year of production to yield 2.3 million barrels.
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 33 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. --------------------- lets ROCK!!!!
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This is interesting - maybe they were looking for an offer like this all along?
"The company is currently in discussions with several financial and strategic investors and operating partners for a stake in its lucrative oil reserves under license by Nord Oil."
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Also keep in mind oil is at an all time high. Makes it even better yet! Maybe this will help pay for the gas in my SUV and my boat this summer....
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quote:Originally posted by The Doc: invester - what do you think the value ought to be vs. what it is now.
Any predictions on pps in the coming months?
For the offer to even be serious, it would have to be at least $3. That is only 642 million dollars. They have 1 billion dollars worth of oil, in the ground, that they can prove, that they are pulling out next month. They also have another 1.5 billion in oil that they are very sure they have. This is a gold mine fellas. I found this stock when it was bio-tracking security. I thought it was to good to be true, so I held off buying. I second guess myself sometimes, and I paid for it. Instead of buying in at .06, I had to buy in at .145 yesterday. I'm not to concerned though, as I am sure this will be well above $1 when the news is released.
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RSI is about 83. Pretty high, but like Invester said, doesn't really matter right now. What matters is that they at least disclose the offer details sometime soon.
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Yes it will! I hope they release the info today or tomorrow.... They just need to make sure the offer is real and the offeror has the money they say they do and disclose it. Worry about accepting or not after that...
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This stock may not be instant gratification, but ultimate gratification in the long run. I agree invester, patience will be the key.
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this is getting alot of attention today> check it out>>-----------COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
OTCPicks.com: Daily Market Movers Digest Midday Stock Alerts, Thursday, April 6th, MMSV, TAOL, IHDR, NDOL, LTHU, VYON Apr 6 2006 1:33PM ET ****************: Initiates Reports for Nord Oil International Incorporated Apr 6 2006 12:51PM ET Nord Oil International Receives Unsolicited Purchase Offer for NDOL Common Stock Apr 6 2006 9:00AM ET otcstockexchange.com: PFNC, NMKT, NDOL, ALLP - OTCStockExchange.com Stock Alert Apr 6 2006 8:25AM ET OTCPicks.com: Pre-Market Stocks to Watch for Thursday, April 6th, NDOL, AURC, LWLL, CSSTF, ALLP, AFVS Apr 6 2006 8:01AM ET bellwetherreport.com: The Bellwether Report Takes a Look into Nord Oil International Inc
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I have been in this since last August. I hold 100K shares of this baby, 25k of which I got at .073. Here is my DD and I beleive it is more accurate than numbers posted on this thread. The offical O/S is 236 M. It was 216M, but they recently added 20 M to the O/S (go to edgar and type in NDOL), so Nord has 15 M barrels MB in proven and 33MB in probable reserves. Let's just take some conservative numbers here and call it 30 million barrels of oil.......that's very generous for the buyer since the total is 48 MB with all reserves added. Now, it takes money for pumping and refining and all that, so can't use the $60 per barrel number......realistically it is between $20 and $35 per barrel, but we will use the $20 per barrel number for the most conservative estimate, so $20 per barrel X 30 m barrels = $600 million. Now let's just go ahead and even cut that number in half for the buyer.....we are being very generous to give away NORD for 300 million. Now take 236 million shares at $1 a piece, that's only 236 million dollars, not even 300 million.....do you see where this mother load is going???? I'm freaking out! I have 100K shares of this baby and I don't think Nord would even consider the buy out offer if it was below $1, so when they go to release the PR on this, you can bet it;s gonna pop some eyes wide open! I'm freaking out just thinking about it! So expect something $1 or more on the offer and once that kind of PR hits, this thing is going to the moon! But what they will prob do, is give the details of the offer, then have a time frame to discuss it with share holders, so may be a couple weeks before any buy out would be finalized, but in the mean time, wehn they do release that PR, this baby will be headed much higher.......I'm freaking out!
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