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Northwest Oil & Gas Trading Company, Inc.: Update June 2014

24.06.2014  |  DGAP

Start in Kentucky, first production expected in summer

We are glad to inform about the positive proceeding in a new oil prospect in the State of Kentucky. NORTHWEST OIL & GAS TRADING COMPANY, INC. in May decided to be a part of a LLC which is the owner of a promisingly lease in the heart of proven oil reserves. These leases already have 3 wells, one of which is ready to pump immediately. The other two wells will require re-working, but in both wells crude oil is present. The wells were drilled to a depth of approximately 500 feet and has been producing out of the so called Niagaran sand zone and Corniferous sand zone.

With no water present in the oil, well # 1 is scheduled to have a slight re-work to clean paraffin from the down hole. This re-work is scheduled to begin in July and be completed by August. We are confident both further wells will produce oil also, once the wells are reworked, but will give no estimate as to what production may be.

It is believed a very large reserve of untapped oil is in a deeper formation which is also expected in our lease. To date, no other well in this area has been drilled into these formation. But it has been discovered throughout Kentucky that these formation could be a major producer of high grade oil. Drilling for this well is scheduled for August 2014. If we hit we expect a very good production return.

Company's stock

Our valued shareholders hereby will be informed that the process of making all shares of the company electronic will be finished soon. Therefore all issued paper stock certificates will be null and void and are no longer valid at present.

All shares of the company are shares in the name of the stockholder and are registered in a shareholders register. Only the registered shareholder is accepted as duly authorized shareholder by the company, for example to attend and vote at a shareholders meeting. Therefore we recommend that every shareholder will secure that his bank holding his electronic stock in a depository account will forward the individual stockholder's information (for example name and address) to keep the company's share register up to date and to indemnify that the individual stockholder is listed in the company's shareholders register.

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. Further business should arise from proposed oiltrading with potential partners in the Middle East and Russia. Additionally the company is in the process of forming alliances to focus on the advanced "Cold Cracking Technology" as well on the "GTL Gas to Liquids Technology" for refineries in connection with its joint venture partners.

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 committed to update this forward looking statements nor to amend them in the case of an unexpected trend.

June 24, 2014
NORTHWEST OIL & GAS TRADING COMPANY, INC. Contact: E-Mail ir@nwoil.org



End of Corporate News


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