DGAP-News: Northwest Oil&Gas Trading Company, Inc.: Drilling permit granted to Northwest Oil&Gas Trading Company, Inc., production of natural gas will start soon
(firmenpresse) - Northwest Oil&Gas Trading Company, Inc. / Miscellaneous
30.03.2010 08:30
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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The company is pleased to announce, that on the 25th day of March the
permit for drilling the 'Wheeler-Gasprospect' at the 'Hells Creek Field' in
Alabama has been granted. Relating to this, all legal issues that has
caused the delay of the exploration of this field were decided for the
benefit of Northwest Oil&Gas Trading Company, Inc..
In order to start the production of the expected natural gas immediately
the launch of the drilling company is expected soon. The drilling will be
effected in the 'Lewis Sand Gas Pool Zone' to a total depth of circa 3,800
feet. The operator is a very experienced company, exploring, developing and
running oil and gasfields since over twenty years. As announced on the 8th
day of March, it is planned to release all relevant informations in a
timely manner and to tape the ongoing work at the field by video and to
spread this at the companies homepage.
About Northwest Oil&Gas Trading Company, Inc.: Northwest Oil&Gas
Trading Company, Inc. is a young and upcoming exploration company pursuing
the primary goal of activating or reactivating existing oil- and
gas-reserves.
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 with respect to the beginning and duration of
exploration and production, uncertainties regarding future and/or
unexpected costs, fluctuations in commodity prices, the inability or
failure to obtain adequate financing on a timely basis, changes in the
national and local laws, contestations of legal possession of the property,
hazards effecting the environment, on-site accidents, unusual or unexpected
geological formations, flooding and other 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.
Dover, March 30th , 2010
Northwest Oil&Gas Trading Company, Inc.
30.03.2010 08:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 30.03.2010 - 02:30 Uhr
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