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Nord Oil International Reports Unsolicited Offer
5/4/2006
MONTREAL, May 04, 2006 (MARKET WIRE via COMTEX News Network) --
Nord Oil International Inc. (OTC: NDOL) today provided the details of the unsolicited offer made on April 6, 2006.
The unsolicited offer was received by North-West Oil Group a private oil and gas company headquartered in Moscow, Russia. The unsolicited offer is priced at USD $2.17 per share for 100% of the total outstanding shares of Nord Oil International Inc. for a transaction estimated at approximately $500 million.
The company reports that management of both Nord Oil International Inc. and North-West Oil Group are meeting over the next several days to further review the offer and determine the course of actions to be taken to conclude said transaction.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries; Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Viatcheslav Makarov President Nord Oil International Inc. Vmakarov@nordoil.com 514-591-3666 www.nordoil.com
SOURCE: Nord Oil International Inc.
mailto:Vmakarov@nordoil.com www.nordoil.com
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