SOURCE: North West Oil Group

January 11, 2007 10:59 ET

North West Oil Group Considers Stock Buyback and Dividend Payout

MOSCOW -- (MARKET WIRE) -- January 11, 2007 -- North West Oil Group (PINKSHEETS: NWOG) (FRANKFURT: CXIA) (NWOG) is currently developing the stock repurchase and dividend payout plans. These initiatives fall under the new investment program that will be developed and implemented by the company in the first quarter of 2007. This program reflects the management's confidence in both the near- and long-term prospects for North West Oil Group development.

Details of the stock repurchase and dividend payment programs will be announced within a month.

For additional information please contact

MCS Global Strategies by email

nwgroup@web.de
or by telephone

+49 173-620-7648 10 am - 8 pm CET in Germany or
+7 906 -781-5066 10 am - 7 pm Moscow time in Russia.
German and Russian telephone rates apply.
About North West Oil Group (formerly Nord Oil International): North West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.

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.

Contact Information

  • For additional information please contact
    MCS Global Strategies
    nwgroup@web.de
    +49 173-620-7648 10 am - 8 pm CET in Germany
    +7 906 -781-5066 10 am - 7 pm Moscow time in Russia

    German and Russian telephone rates apply.