Northwest Oil & Gas Trading Company, Inc.: Interim Report 3. Quarter 2013
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@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@nwoil.org
End of Corporate News
