DGAP-News: Northwest Oil&Gas Trading Company, Inc.: Acquisition of interests in producing oil wells in Louisiana
(firmenpresse) - DGAP-News: Northwest Oil&Gas Trading Company, Inc. / Key word(s):
Miscellaneous
Northwest Oil&Gas Trading Company, Inc.: Acquisition of interests in
producing oil wells in Louisiana
29.04.2011 / 08:47
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As published at the 08th of April the company is pleased to announce
initial information about the appropriation of the funds resulting from the
capital increase. NORTHWEST OIL&GAS TRADING COMPANY, INC. and Vegas
Capital Partners Inc. made a due diligence concerning several possible
interesting targets. As a result NWO will invest parts of the funds in
prospects located in Louisiana, Texas and Canada.
The focus is on low-risk projects with high potential. The strategy is to
acquire interests in producing wells, their rework and the drilling of new
wells thus resulting in strikingly increased production.
The first wells are located in Louisiana. Preliminary agreements have been
signed. The detailed files and legal forms are in execution in order to
transfer the interests to NORTHWEST OIL&GAS TRADING COMPANY, INC. within
the 2. Quarter of 2011. In addition to the income due to production the
rework of the wells and of the technical equipment as well as drilling of
new wells offer attractive potential to increase the turnover
significantly.
Further projects will come. Details will be made public after final
assignment.
About Northwest Oil&Gas Trading Company, Inc.:
Northwest Oil&Gas Trading Company, Inc. is an exploration and production
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, April 29th, 2011
Northwest Oil&Gas Trading Company, Inc.
End of Corporate News
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29.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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122092 29.04.2011
Datum: 29.04.2011 - 08:47 Uhr
Sprache: Deutsch
News-ID 33901
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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