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The President of the North-West Oil Group, Mr. Ernest Malyshev, Announces Telephone Conference With Investors

The President of the North-West Oil Group, Mr. Ernest Malyshev, Announces Telephone Conference With Investors

MOSCOW -- (MARKET WIRE) -- 12/11/06 -- The president of the North-West Oil Group (PINKSHEETS: NWOG) (FRANKFURT: CXIA), Mr. Ernest Malyshev, announces that on Thursday, December 14, 2006, a telephone conference will take place with the investors from 18.00 till 20.00 Moscow time. In connection with an expected big stream of phone calls, each investor will be provided one minute for the conversation and the line will disconnected automatically, in purpose to accept as many possible phone calls from the investors. Phone number for connection is +7 (495) 621 11 15. In relationship with the above- stated information we kindly ask the investors to formulate their questions particularly and briefly.

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 as well as on the Frankfurt Exchange under symbol CXIA. The company presently produces over 120,000 Metric Tons of crude oil yearly.

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.

Maria Romanova
North-West Oil Group
Tel: +7 495 621 1115
E-Mail: [email protected]

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