SOURCE: North-West Oil Group

April 26, 2007 10:49 ET

NWOG Negotiate for Merger

MOSCOW -- (MARKET WIRE) -- April 26, 2007 -- North West Oil Group Inc. (PINKSHEETS: NWOG) together with the JSC "North-West Oil Group"(Russia) is actively carrying out negotiations regarding the merger with one of the vertically integrated companies, which has five subsidiaries on the territory of Saratov region with the total reserves volume by categories C1 (recoverable reserves) - 1,330,000 tons (9,709,000 barrels); C3 - 1,305,000 tons (9,526,000 barrels); D1 - 48,400,000 tons (353,320,000 barrels); and with the production performance of 144,000 tons (1,051,200 barrels) à year. The approximate price of the asset constitutes 80 million USD. The financing of this asset will be performed through raising funds on the part of VTB bank.

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.

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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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