Northwest Oil & Gas Trading Company, Inc.
Northwest Oil & Gas Trading Company, Inc.: Update 4th Quarter 2014 and 1st Quarter 2015
DGAP-News: Northwest Oil & Gas Trading Company, Inc. / Key word(s): Drilling Result/Market Report 2015-04-07 / 09:26 --------------------------------------------------------------------- Third new drill in Kentucky also successful Current oil extraction from 5 wells Also the third new drilling in Kentucky was successful and hit oil. Currently there are discussions about drilling deeper for higher future production. Thus NWO is stakeholder in 5 producing oil wells (2 new drillings and 3 reworks). On one of the leases belonging to NWO its planned to install a "Water Injection Well". Set-Up and installation took place and we are awaiting state approval to be turned on soon. Benefits will be a) we can dispose the water coming from our wells, b) we are able to dispose water from the surrounding neighbouring wells belonging to other owners and will get paid for that and c) the disposed water will enhance the production of our own wells. "Dean Creek oil field", Alabama As published, it is planned to commence drillings on the "Dean Creek oil field". Financing shall be provided through an international acting US-american investment company. This company has commissioned a Due Diligence Report as well a field development plan. This was done by a special Canadian company and has been finallized during 4th quarter 2014. Against all odds to negotiate a final investment contract in December 2014 this US company requested a Feasibility Study due to the decreased oil prices. This Study was finalized within 1st quarter 2015. Currently a final meeting will be scheduled. Engagements Iraq closed End of 2014 NWO closed all activities in Iraq definitively. Financial expenses has been limited because there has been no financial investment besides simply some travel cost. The issued shares (mainly concerning "Kandal oil refinery") fall back to the company and the respective asset allocation will take place in the year 2014 Balance Sheet. Mr. Azad Murad no longer serve as Director of the Company. Innovative form of energy production NWO as early as today would like to inform that the Company is just in the finalizing process to acquire and implement an innovative form of energy production. This revolutionary technology is highly developed and very sophisticated in its nature and will offer numerous application possibilities. More information will be provided middle of this year. About Northwest Oil & Gas Trading Company, Inc.: Northwest Oil & Gas Trading Company, Inc. is an investment company in the oil and gas industry. 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 several projects including refinery projects. NWO is able to offer an innovative technology to build and run a refinery with extremely competing terms and conditions. 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. April 05, 2015 NORTHWEST OIL & GAS TRADING COMPANY, INC. Contact: E-Mail ir@nwoil.org --------------------------------------------------------------------- 2015-04-07 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 341393 2015-04-07
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