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Gold/Mining/Energy : NDOL - Nord Oil International, Inc. (Bulls Board)
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To: MBoomer17 who wrote (7)4/9/2006 4:23:52 PM
From: MBoomer17  Read Replies (1) of 52
 
Nord Oil Receives Green Light to Commence Oil Production
Tuesday April 4, 6:00 am ET

MONTREAL--(MARKET WIRE)--Apr 4, 2006 -- Nord Oil International Inc. (Frankfurt:CXIA.F - News) (Other OTC:NDOL.PK - News) announced today that local and regional governments have approved the company's plans to start its oil production starting June 1, 2006.

"We are truly grateful for the tremendous support we have received by local and regional governments to expedite our authorization to commence our oil production," said Andrei Kuzovlev, Executive Vice-President of Nord Oil International Inc. "The production is expected to yield approximately 6,500 barrels per day or 2.3 million barrels of oil for the following 12 months, representing revenues of approximately $150 million USD and when we add this revenue to our existing transport, storage and trading business, total revenues should reach close to $200 million USD by June 2007," further added Mr. Kuzovlev.

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 and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.
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