SOURCE: North-West Oil Group

May 11, 2007 11:49 ET

Signing of MOU in Respect of Cooperation With One of the Most Significant Russian Oil Companies on Libyan Territory

MOSCOW -- (MARKET WIRE) -- May 11, 2007 -- North-West Oil Group Inc. (PINKSHEETS: NWOG) together with the JSC "North-West Oil Group" (Russia) continues to explore the oil and gas section on the Middle East territory. Yesterday was signed the Memorandum of Understanding in respect of cooperation with one of the most significant Russian oil companies on Libyan territory. Soon it is planned to start the development of oil fields, the production of which is expected to average 14,600,000 barrels of crude oil p.a.

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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