SOURCE: North-West Oil Group

October 04, 2007 09:24 ET

North West Oil Group Inc. Commences Drilling in Saratov Region

Geological Survey Indicates Potential Increase in Production and Reserves Upon Completion

MOSCOW--(Marketwire - October 4, 2007) - North-West Oil Group Inc. (PINKSHEETS: NWOL) today announced that it has commenced the drilling of the first of two potentially commercial wells in the licensed and producing oil fields located in Saratov Region.

Published reports indicate the Saratov Region has significant reserves of natural resources, including large deposits of natural gas, oil shale, salt, chalk, limestone, clay, sand, dolomites, and aragonite. The oil shale deposits alone equal to over a billion tons. Oil and gas are considered to be the most significant natural assets of the region. The oil and gas production has been developed since 1944. In total, oil deposits of the region are estimated at 500 million MT, 43.1% of which are extractable. Projected reserves of gas condensate are 164 million MT, 56.2% of which are extractable.

Mr. Malyshev, President of North West Oil Group Inc. (PINKSHEETS: NWOL), stated, "We've now successfully taken the pro-active steps to reorganize our capital structure more commensurate with the company we intend to be. Although we continue to systematically address and resolve past legacy issues, we continue to remain focused on the many potentially exciting opportunities ahead of us. Today's announcement of spudding this new well is one of those opportunities that we believe has the potential to further enhance cash flow and profitability."

About North West Oil Group Inc. (formerly Nord Oil International): North West Oil Group Inc. is a publicly traded Oil & Gas company trading under the ticker symbol NWOL.PK on the U.S. Pinksheets market.

Forward-Looking Statements

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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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