Northwest Oil & Gas Trading Company, Inc.
Northwest Oil & Gas Trading Company, Inc.: Acquisition of interests in producing oil wells in Louisiana
Northwest Oil & Gas Trading Company, Inc. / Key word(s): Miscellaneous 29.04.2011 / 08:47 As published at the 08th of April the company is pleased to announce initial information about the appropriation of the funds resulting from the capital increase. NORTHWEST OIL & GAS TRADING COMPANY, INC. and Vegas Capital Partners Inc. made a due diligence concerning several possible interesting targets. As a result NWO will invest parts of the funds in prospects located in Louisiana, Texas and Canada. The focus is on low-risk projects with high potential. The strategy is to acquire interests in producing wells, their rework and the drilling of new wells thus resulting in strikingly increased production. The first wells are located in Louisiana. Preliminary agreements have been signed. The detailed files and legal forms are in execution in order to transfer the interests to NORTHWEST OIL & GAS TRADING COMPANY, INC. within the 2. Quarter of 2011. In addition to the income due to production the rework of the wells and of the technical equipment as well as drilling of new wells offer attractive potential to increase the turnover significantly. Further projects will come. Details will be made public after final assignment. About Northwest Oil & Gas Trading Company, Inc.: Northwest Oil & Gas Trading Company, Inc. is an exploration and production company pursuing the primary goal of activating or reactivating oil- and gas-reserves. 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 with respect to the beginning and duration of exploration and production, uncertainties regarding future and/or unexpected costs, fluctuations in commodity prices, the inability or failure to obtain adequate financing on a timely basis, changes in the national and local laws, contestations of legal possession of the property, hazards effecting the environment, on-site accidents, unusual or unexpected geological formations, flooding and other 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. Magnolia, April 29th, 2011 Northwest Oil & Gas Trading Company, Inc. End of Corporate News --------------------------------------------------------------------- 29.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 122092 29.04.2011
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