SOURCE: Nord Oil International Inc.

November 29, 2005 08:00 ET

Nord Oil Sales Reach $4.8 Million USD for the Quarter

MONTREAL -- (MARKET WIRE) -- November 29, 2005 -- Nord Oil International Inc. (OTC: NDOL) announced today the results of its financial quarter ending September 30, 2005.

Nord Oil International's sales reached $4,839,187 USD for the quarter with corresponding EBITDA of $1,987,329 USD and Net Income After Taxes of $320,327 USD. The company had total assets of $15,288,881 USD and Liabilities of $9,901,665 USD and Shareholders Equity of $5,387,216 USD. The listed assets did not include the company's oil reserves rights and licenses. It should be noted that Nord Oil International has a total of 48 million barrels of proven and probable reserves and expects production to start early 2006 but no later than 3rd quarter and projects productions of 2.3 million barrels in its first year.

"We are very satisfied with the results of the first quarter, since our product sales and trading assures a great foundation, which will be significant upon the start of our production," said Mr. Makarov, President of Nord Oil International Inc. "We can project similar results for the next quarters and project total revenue of our product and trading divisions to be approximately $19 million USD with EBITDA of approximately $8 million USD providing shareholders with $0.09 USD sales per share, $0.04 USD EBITDA per share and $0.01 USD per share of Net Income After Taxes and that without considering the production of our oil reserves. In addition, if we compare value for value, Nord Oil has 10% of the reserves of PetroKazakstan, which is valued at $4.4 Billion USD and therefore should translate in Nord Oil's value to be $440 million USD or $2.06 USD per share, making the current stock price truly undervalue," further added Mr. Makarov.

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 33 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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