posted
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 Jun 23, 2005 9:00:00 AM 2005 PrimeZone Media Network 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.com
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
sorry, bmarley. The price was still .005 when I left for lunch and when I got back it was up to a penny.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
Now if only this could run like all the other oil plays have been doing lately.
I hope this makes up for me being an idiot and selling my EPYH shares below a penny!
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
if they are thinking 3.50 a share post split that makes worth .30 now. when will it split?
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
posted
2.4 billion outstanding, 2.5 billion dollars in proven and probable reserves, 800 million of that in PROVEN reserves equals about 10 cents a share PRE split.add another 20 cents for PROBABLE reserves and you get .30,hope profit takers let us get in on the dip! looks VERY GOOD!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
posted
looks like a good bounce play between .03 and .055 might occur a few times if we're lucky
Posts: 125 | From: Indiana | Registered: Apr 2005
| IP: Logged |
quote:Originally posted by Thorn: kt325ci, you are far from being an idiot today
Thanks man, I had a good feeling about it this morning but had no idea it would do this.
I'm hoping that we are just taking a breather here before an EOD run. Looks like some solid consolidation. This stock is going to gain a lot of attention with the volume and price increase.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
this guy is talking about 3.50 and $11 a share
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
up over 1000% today, now about 500%. the pr was GREAT but they said they would be doing an R/S, buyers are wary.they did not say when the r/s would happen. profit takers may bring it down a little more.
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
| IP: Logged |
posted
the cash part ( proven reserves ) make this worth > .30 RIGHT NOW even with the high share count! 800 million dollars in PROVEN reserves into 2.4 billion shares equals 30 cents!. i suspect most current share holders ( longs ) havent got the news yet or volume would be higher,this should be an interesting couple of days.
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
