DGAP-News: Northwest Oil&Gas Trading Company, Inc.: Dean Creek Oel-Project
(firmenpresse) - Northwest Oil&Gas Trading Company, Inc. / Miscellaneous
09.08.2010 08:03
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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The company is pleased to announce, that as adviced at the 28th of june,
besides the access to the excellent oilfield 'Otho Bank' in Mississippi the
so called 'Dean Creek Oil Prospect' has been secured for Northwest Oil&Gas Trading Company, Inc.. Next to 'Dean Creek' exist several oil- and
gasproducing wells. The verified oilbearing reservoir rock of the field
show significant excellent permeabilty and porosity, which anticipates high
flow rates.
An up-to-date report from a third party geologist will be available soon.
Because of the available data and the neighbourhood to established
producing wells the 'Dean Creek'-field is categorized as a low-risk
prospect. Exploration, development and drilling should begin as soon as
possible.
Moreover the company is pleased to announce that the conspicuous corporate
development, with regard to the lucrative projects as well as the brilliant
financial basis, management is discussing the ability to distribute profits
and to pay a dividend for the businessyear 2011 to the shareholders.
About Northwest Oil&Gas Trading Company, Inc.: Northwest Oil&Gas
Trading Company, Inc. is a young and upcoming exploration company pursuing
the primary goal of activating or reactivating oil- and gas-reserves.
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 with respect to the beginning and duration of
exploration and production, uncertainties regarding future and/or
unexpected costs, fluctuations in commodity prices, the inability or
failure to obtain adequate financing on a timely basis, changes in the
national and local laws, contestations of legal possession of the property,
hazards effecting the environment, on-site accidents, unusual or unexpected
geological formations, flooding and other 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.
Magnolia, August 9th, 2010
Northwest Oil&Gas Trading Company, Inc.
09.08.2010 08:03 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 09.08.2010 - 08:03 Uhr
Sprache: Deutsch
News-ID 31911
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Kategorie:
Business News
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