posted
Postings on Raging expect some PR to come out by the end of the week - and if truly reveals a .03 pss earning, we will easely see this thing fly..finally. It has been a long rocky road for this one....but only time will tell.
Consider this: NDOL in addition to oil has tremendous natural gas reservers..and everyone following the news in Europe must be aware of the natural gas cutbacks that have occured lately...
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I wouldn't mind if they would translate some of the info on the website to english so that some of us non KGB investors knew what the hell they were talking about. This is due for something considering how long ago they said they were going to do somthing.
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Nord Oil International Revenue Reaches $10 Million USD Thursday February 2, 10:01 am ET
MONTREAL--(MARKET WIRE)--Feb 2, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) released its quarterly results and cumulative 6 months financial statements. ADVERTISEMENT
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.
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I'm skeptical because of it's past performance (or lack) and that it has not yet gone to the otcbb (or some other exchange) as they were planning on doing. As long as it isn't fully reporting, we can't know what is happening.
-------------------- May your trading build your character as well as your portfolio.
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They didn't mention a dividend earning of any kind. I bought this stock before the R/S last year so its still got a bit of a climb to be profitable.
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despite that the Q10 was somewhat disappointing - as we already knew the numbers in question, it is holding up pretty well....might this forecast steady climb? oh well, this one really tests one's patience..will see..
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