Published: April 10, 2006
Nord Oil International Deny Allegations of Chinese State Owned Enterprise Takeover
Nord Oil International Inc. (OTC: NDOL) denied
allegations today that a Chinese State Owned enterprise was the offering
party to the recent unsolicited purchase offer. However, the company does
confirm that the State Planning and Development Commission through its
subsidiary CEInet does own approximately 1% of the total issued and
outstanding shares of the company.
The company is currently reviewing the purchase offer received April 6,
2006 and has opted to keep the information confidential until all
information can be reviewed and expects to release said purchase offer as
soon as it can be bona fide.
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.
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.
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