DGAP-News: Northwest Oil & Gas Trading Company, Inc. / Key word(s): Market Report/Interim Report Northwest Oil & Gas Trading Company, Inc.: Update Third Quarter 2014 and events October 2014 31.10.2014 / 17:00 =-------------------------------------------------------------------- Big breakthrough in Alabama, Start Development of "Dean Creek oil field" NORTHWEST OIL & GAS TRADING COMPANY, INC. (NWO) is glad to inform that during the latest meeting in October 2014 with a team of professionals from a Canadian company as well with the representative of an international acting investment company from the US we could conclude a master agreement concerning the development of the so called "Dean Creek oil field". Next steps are a) Deep Due Diligence, b) Preparation of a field development plan and c) The final agreement as well the set-up of a special project entity under NWO - which is scheduled on mid of December 2014. Second drilling in Kentucky successfully hit oil also As informed in our last news releases NWO already started successfully with partners in Kentucky. Meanwhile we are involved in eight promisingly oil leases which all are surrounded by oil production and some of them have old oil pumps and oil tanks on it. The rework of the old pumps has started, one of this pumps is pumping oil again. Further on each of two leases we successfully drilled a new oil well. The completion of the first new well is finished and a pump jack has been installed, the completion of the second well is expected in these days. The extraction of oil has begun respectively will begin soon and will lead to substantial profits for NWO. About Northwest Oil & Gas Trading Company, Inc.: Northwest Oil & Gas Trading Company, Inc. is an investment company in the oil and gas industry. The core business areas are organized into a regional focus in the US and in the Middle East, Africa and Europe. In the US the focus is on the acquisition and reactivation of oil- and gas-fields to expand these to a maximum production by using modern methods. The objective is occupying niches that appear uninteresting and not lucrative enough for large corporations. Further business should arise from proposed oil trading with potential partners in the Middle East and Russia. Additionally the company is in the process of forming alliances to focus on the advanced "Cold Cracking Technology" as well on the "GTL Gas to Liquids Technology" for refineries in connection with its joint venture partners. Disclaimer/Predictive statements: This notification serves only general purposes and is not meant as a tender to purchase or sell shares of NORTHWEST OIL & GAS TRADING COMPANY, INC. Some statements in this notification are so-called forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These assertions are based on current expectations, estimates and forecasts as well as currently available information. The future-oriented assertions are not to be understood as guarantees of the cited prospective developments and results. The statements are not based on historical background, but rather represent predictive position statements and assumptions subject to risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements and assumptions, including, but not exclusively, certain delays beyond the control of the company, uncertainties regarding future and/or unexpected costs, the inability or failure to obtain adequate financing on a timely basis, changes in the national and local laws, natural catastrophes, the risk of inadequate insurance or the inability to conclude an insurance contract and other risks, as well as also entirely unknown risks, uncertainties and factors which could lead to situations where the actual results, financial situation, developments or performance of the company considerably deviate from those which were expressly or implicitly assumed in these statements or assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. NORTHWEST OIL & GAS TRADING COMPANY, INC. is neither committed to update this forward looking statements nor to amend them in the case of an unexpected trend. October 31, 2014 NORTHWEST OIL & GAS TRADING COMPANY, INC. Contact: E-Mail ir@nwoil.org =-------------------------------------------------------------------- 31.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------- 294496 31.10.2014
(END) Dow Jones Newswires
October 31, 2014 12:00 ET (16:00 GMT)
