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Author Topic: NDOL - MAJOR 3.5 BILLION DEAL WITH SYRIA/after hrs pr - 10-17
weatherbill
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October 17, 2006 - 3:01 PM EST

NDOL 0.175 0.00

North-West Oil Group (Formerly Nord Oil International Inc.) Becomes Majority Owner of a $3.5 Billion Refinery and Petrochemicals Project
North-West Oil Group (formerly Nord Oil International Inc.) (PINKSHEETS: NDOL) announced that it has acquired 63% of Creditline, the Russian project operator, which is set to construct a $3.5 billion refinery and petrochemical facility. The refinery will produce diesel fuel and directly distilled gasoline, while the petrochemical facility will focus on olefin, benzol, polyethylene and polypropylene.

The project, based in Der-ez-Zour Province in Syria, was first announced as a tender by the Syrian Ministry of Oil and Mineral Resources in late 2005. Creditline won the tender by submitting an innovative plan to build a world-class combination facility that can support both fossil fuel production and petrochemical production according to the Ministry in Syria.

"The refinery and petrochemicals facility will be key to the continuous provision of fuel to the Russian combat vessels in the Mediterranean Sea," said Ernest Malyshev, President of North-West Oil Group. "The tender, which was awarded in February 2006, by Creditline, now a subsidiary of North-West Oil Group, calls for the construction of a refinery with capacity to refine 6.5 million tons annually and 1.4 million tons in petrochemicals."

Mr. Malyshev concluded by saying, "The project is expected to be completed within 5 years, and complete payback of the entire budget is expected to take about 6 years after production commences. This is truly an extraordinary opportunity for our company."

The project is well known and is expected to be well supported by military experts in Russia. With a refinery in Syria, the Russian Navy combat vessels will have a continuous fuel supply for vessels stationed in the Mediterranean Sea, which will significantly increase the operability of the vessels.

Details as to the participation of the government of Syria are being discussed and, when this process is completed and all documents are signed, the Company shall receive all the required licenses and finalize the Agreement of Cooperation.

Due to the strategic nature of this project and its magnitude, the details behind the 5-year, $3.575 billion budget and the financial sources have not been disclosed. The company is currently in discussions with various Russian government officials regarding further participation and details of such participation will be made available to the public as they are formalized.

About North-West Oil Group (formerly Nord Oil International)

North-West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. The company presently produces over 120,000 Metric Tons of crude oil yearly.

Important Information About Forward-Looking Statements

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GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

Posts: 525 | From: nashville | Registered: Jun 2005  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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weatherbill didnt they dilute the chit out of this one?

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Ace of Spades
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A good point to point out is that the Russian Navy and Military is supporting this project.

"The project is well known and is expected to be well supported by military experts in Russia. With a refinery in Syria, the Russian Navy combat vessels will have a continuous fuel supply for vessels stationed in the Mediterranean Sea, which will significantly increase the operability of the vessels."

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Repoman75
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And let the games begin!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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glassman
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so repo? are you gonna pump and i will bash? or are you gonna bash and let me pump? [Big Grin]

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Don't envy the happiness of those who live in a fool's paradise.

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Repoman75
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Um, you bashed last time right? (So did I think). Maybe we can both pump.

GO NDOL GO!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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weatherbill
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ba ba ba ba billions

ba ba ba ba boooooooooom!

I say we open at .24 tomorrow on the gap

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GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

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hawkdriver
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repo, and weather bill it's nice to see some familiar names. I have been moving to alaska and haven't been following the stocks to much lately. NDOL still in the new was a surprise I think I'll try to get back on the NDOL train tomorrow.

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skids are for kids

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Jo4321
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Yay! Another one of the losers I am stuck in getting pumped.

Remember when this was supposed to go to 2.17? Maybe this time?

Jo

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Repoman75
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Jo! Did you see SIGA this morning? At $5 premarket!

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Stick with Repo's plan in '07 - FRPT/DKAM!

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promi
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Guys this news is two weeks old

look
http://www.kommersant.com/page.asp?id=709538

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Jo4321
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Repo,

As luck would have it. I sold SIGA YESTERDAY.

I am the worst timing in the world.

Sadly, I could have had an additional $3000.00 in my account.

Jo

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"Great Day for Up!"....Dr. Seuss

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