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Nord Oil International Revenue Reaches $10 Million USD

Posted on: Thursday, 2 February 2006, 12:00 CST

Nord Oil International Inc. (OTC: NDOL) released its quarterly results and cumulative 6 months financial statements.

According the company's SEC filings, the revenues for the quarter were $5.8 million USD on corresponding earnings before interest and taxes of $324,000 USD and the six months results were revenues of $10.6M USD on corresponding earnings before interest and taxes of $741,000 USD.

The company's revenue was generally derived from its oil storage, oil transport and spot oil trading activities. The company expects these activities to account for only 20% of its revenue once it begins the oil and gas production on its properties under license.

The company is currently in discussions with several financial and strategic investors and operating partners for a stake in its lucrative oil reserves under license by Nord Oil. The company had previously released its production schedule and expects to begin production no later than the 3rd quarter of 2006 and expects the first year of production to yield 2.3 million barrels.

About Nord Oil International Inc.

Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries; Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 33 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.

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: Viatcheslav  Makarov President Nord Oil International Inc. Vmakarov@nordoil.com 514-591-3666 www.nordoil.com

SOURCE: Nord Oil International Inc.

Source: MARKET WIRE

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