DGAP-News: Northwest Oil&Gas Trading Company, Inc.: Interim Report 3. Quarter 2013
(firmenpresse) - DGAP-News: Northwest Oil&Gas Trading Company, Inc. / Key word(s):
Market Report
Northwest Oil&Gas Trading Company, Inc.: Interim Report 3. Quarter
2013
20.11.2013 / 09:35
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Miscellaneous
We are happy about the listing of the stock on Nov. 01, 2013 at the
Londons' GXG Markets First Quote (http://gxgmarkets.com/). As informed its
now planned to arrange for the Annual General Meeting. Because of the
numerous European stockholders its planned to hold place in Europe. Poor
feedback have we got concerning the pre-registration. Only three
shareholders have send us their written notification. This maybe caused by
the lack of information most shareholders may have. Therefore we are
thinking about issuing a shareholders letter by direct mail.
US-Projects
The land- and mineral-rights of our Dean-Creek oil field will expire in
December. An investor has agreed to finance the extension. The negotiations
with two drilling companies concerning the development of this field could
not be finalized yet because of unsatisfying claims. Besides that, we are
working on alternative solutions to successfully develop these project.
Because of low gas prices all activities concerning the Scareum-Mountain
gas field are stopped.
A positive message could be generated concerning the successful conclusion
of the acquisition of an option on the land- and mineral rights of the so
called Alisha 1 oil and gas field. This prospect is in direct neighbourhood
of an already producing oil and gas field. Internal estimates are up to 12
mill. barrels of oil and up to 22 BCF of natural gas. Several investors are
interested in developing the field in a joint operation with NWO.
Projects outside of the US
After a variety of discussions and meetings with representatives of the
Kurdish Regional Government KRG NWO succeeded to negotiate about several
projects, which are:
Oil refinery: Set up of a state-of-the art refinery with a capacity of
100,000 bbld as well of another refinery with a capacity of 50,000 bbld in
a consortium consisting of NWO together with the SRE group
(http://www.smartrefineries.com/) and Galil Engineering Ltd.
(http://www.galileng.com/).
Gas pipeline: Construction, engineering and building of a pipeline together
with the national North Gas Company N.G.C., Kirkuk (http://ngc.oil.gov.iq/)
by NWO collectively with Netherlands DylanGroup
(http://www.dylangroup.com/) and German TBS Pipeline GmbH
(http://www.tbs-pipelining.com) from Kirkuk to Turkey.
Furthermore NWO and their joint venture partners are involved in
construction, engineering and set up of two gas power station with 360 MW
on each as well the development of the airport of the city of Suleymania.
The upcoming week a delegation of NWO is in Erbil to discuss and negotiate
about the next steps in this projects. Further general information you will
find here:
http://www.energycomment.de/ol-im-irak-perspektiven-einer-neuen-olsupermac
ht/
Investor Relations
Again we like to inform you about our Investor Relation which can be
reached by E-Mail ir(at)nwoil.org as well by phone +44 7418 4756 73.
About Northwest Oil&Gas Trading Company, Inc.:
Northwest Oil&Gas Trading Company, Inc. is an investment company in the
oil and gas industry. The core business areas are organized into a regional
focus in the US and in the Middle East, Africa and Europe. In the US the
focus is on the acquisition and reactivation of oil- and gas-fields to
expand these to a maximum production by using modern methods. The objective
is occupying niches that appear uninteresting and not lucrative enough for
large corporations.
With its Joint Venture companies NWO is involved in projects in the
European-, Middle East- and Africa-region including refinery projects. NWO
is able to offer an innovative technology to build and run a refinery with
extremely competing terms and conditions. Further NWO together with its
Joint Venture companies is involved in developing an absolutely new form of
generating power.
The company was founded in May 2007. Its first years were characterized by
the preparatory work for today's business. The company has authorized and
issued 50 Million fully paid-in shares with a nominal value per share of
0.20 US-Dollar.
Disclaimer/Predictive statements:
This notification serves only general purposes and is not meant as a tender
to purchase or sell shares of NORTHWEST OIL&GAS TRADING COMPANY, INC.
Some statements in this notification are so-called forward-looking
statements under the U.S. Private Securities Litigation Reform Act of 1995.
These assertions are based on current expectations, estimates and forecasts
as well as currently available information. The future-oriented assertions
are not to be understood as guarantees of the cited prospective
developments and results. The statements are not based on historical
background, but rather represent predictive position statements and
assumptions subject to risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements and assumptions, including, but not exclusively,
certain delays beyond the control of the company, uncertainties regarding
future and/or unexpected costs, the inability or failure to obtain adequate
financing on a timely basis, changes in the national and local laws,
natural catastrophes, the risk of inadequate insurance or the inability to
conclude an insurance contract and other risks, as well as also entirely
unknown risks, uncertainties and factors which could lead to situations
where the actual results, financial situation, developments or performance
of the company considerably deviate from those which were expressly or
implicitly assumed in these statements or assumptions. Should one or more
of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. NORTHWEST OIL&GAS TRADING
COMPANY, INC. is neither commited to update this forward looking statements
nor to amend them in the case of an unexpected trend.
November 20, 2013
NORTHWEST OIL&GAS TRADING COMPANY, INC.
Contact: E-Mail ir(at)nwoil.org
End of Corporate News
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240769 20.11.2013
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Datum: 20.11.2013 - 09:35 Uhr
Sprache: Deutsch
News-ID 318474
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