North West Oil Group, Inc. (NWOL): Correspondence with Mr. Parkin

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westcott

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Wednesday, 06/14/2006 12:59:07 PM

Wednesday, June 14, 2006 12:59:07 PM

Correspondence with Mr. Parkin - Extremely Lengthly, but Extremely Important:

Ladies and Gentlemen (DISCLOSURE: I own NDOL stock. This post is not an attempt to have you make a decision to buy or sell any security. I have been given permission to share my most recent correspondence with Mr. Parkin cataloging efforts I have been making to bring truth to the forefront in the face of extremely damaging stock board internet posts that have been made against Nord Oil, NorthWest Oil Group and their management and employees.):

I have spent more time posting about NDOL over at another board because a very small, very influential group of people have been making potentially libelous claims about Nord Oil, NorthWest Oil Group and the people who comprise both companies. I was so disturbed by what has been posted that I took the initiative to have initial conversations with Mr. Emas, SEC Counsel for Nord Oil, in Miami. Additionally, I filed a complaint with the SEC pertaining to the posting activities of a person who goes by the alias "Purl Gurl" at AllStocks. She has alleged...well, I am not going to re-hash her statements; instead, I will let you read them for yourself. I was going to post the following information over at AllStocks, but it seems I have been banned from posting in light of trumped-up charges about a racist post I allegedly made. I happen to believe otherwise. It seems there exists a cozy relationship between the people who operate the boards at AllStocks and influential posters such as "Purl Gurl" who spend an inordinate amount of time attempting to completely discredit many companies to include Nord Oil/NorthWest Oil Group.

I will now provide my initial e-mail to Mr. Parkin, Mr. Malyshev and Mr. Emas and the correspondence that has transpired subsequent to original contact. I have had other correspondence with Mr. Emas as I mentioned; however, I believe those communications to be privileged. For your edification (P.S. I have removed my personal information):

My initial e-mail:

Mr. Malyshev, Mr. Parkin and Mr. Emas,

With all due respect, sirs:

I have been an investor in NDOL since the beginning of April and have followed the actions of Nord Oil and NorthWest Oil Group very closely. However, some allegations are being made on a Stock Investment board which have been extremely alarming and could be having a devastating affect on the share price of NDOL. Could you please address these allegations being made by a respected Internet poster named "Purl Gurl" at AllStocks.com:
__________
Source:

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/012133/p/25.html#0....

I have previously provided a link to a SEC file
and discussed this. Insiders have been selling
into the pump & dump for a number of months.
Insiders are still selling into the market with
a net result of dilution of share price.

Of interest, those of North West now own fifty-nine
percent of outstanding common shares rather than
restricted shares as stated by Parkin. North West
received both common shares and restricted shares.
My _hunch_ is North West people are also engaging
in dilution dumping.

Very clear NDOL and North West planned and well
executed a pump and dump scam.

My current opinion is share prices will slide
down into the .25 to .30 range over the next
few business days. NDOL is currently having
difficulty maintaining .30 per because of the
heavy dilution dumping.

NDOL may slide down farther in the very near
future because of their newly authorized
one-billion shares effected without a share
holder vote by invoking a Florida law often
used by less-than-ethical companies.

My rough estimate is NDOL will begin dumping
a few hundred-million shares on the markets
which will dilute share price more and keep
share prices low for as much as a year.

Should NDOL continue to follow the pattern of
a typical pump and dump, millions of shares
will be used for capital expenditure and loans.
This will further strengthen dilution losses.

Purl Gurl
__________
Source: http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/012133/p/25.html#0....

I should add NDOL behavior perfectly fits the
pattern of a pump and dump scam.

This authorized one-billion shares suggests
a typical behavior. For these comments, mine
are a hunch which might be proved true in
the future; an outline of classic tactics
used for decades.

Shares are being dumped and will continue to be
dumped. The merger itself is being delayed to
provide time to dump shares until dilution share
price dropping reaches a severely low price and
volume drops off. NDOL will then effect a merger.

During the merger NDOL will effect a reverse
split to reduce public percentage holding, and
the reverse split will leave NDOL holding a
large percentage of reserve common shares
allowing NDOL to continue to impose changes
without a share holder vote via Florida laws.

Post merger, NDOL will authorized new shares,
a massive amount, possibly a billion shares.

A reverse split has been indirectly announced
weeks back through setting of post merger
share count which was roughly one-tenth of
previous share count, now significantly less
with the new billion shares.

Adding strength to this classic pump and dump
scam is NDOL does not have employees, no crews,
no drilling equipment. NDOL and North West are
purely mineral rights holders. They are working
a paper company for insider profit.

Mine are, of course, opinion, save for the current
insider selling on file with the SEC. My opinion
is based on patterns of behaviors displayed by
thousands of companies over many decades.

NDOL perfectly fits the mold of a pump and dump.

Purl Gurl

__________

Please respond as soon as time allows as these latest allegations have me extremely concerned about my considerable investment in NDOL.

Regards,

Robert

XXXXX X. XXXXXXXX
XXX.XXX.XXXX - Telephone
XXX.XXX.XXXX - Facsimile

__________

MR. PARKIN'S RESPONSE: (Note: I have placed Mr. Parkin's own words in bold italic)

Greetings Robert,

I must say that we rarely get these emails from people that are concerned with what the boards say.

Before going into the comments in each paragraph I want to explain how many MarketMakers use the stock market. They make money if the stock goes up but they have absolutely no control over this. Nevertheless, they could control matters that will push the stock down so that they could short the stock. Would it be naïve to think that these MarketMakers would not have ‘friends’ posting bad news of all sorts from lies to conspiracy theories.

The drop in price is temporary. North West is an experienced partner with the goal of increasing the size and value of the Company. The negotiations with India are going VERY well. (If it was with China, the stockholders would be in a frenzy) India also has over a million people with a very strong need for petrol.

Regarding the boards, someone had the audacity to say that he communicated with India and that they did not have any dealings with North West Oil Group. This, as often the case on the boards, is false—I have on my desk correspondence from the Indian Ministry.

I shall now put my comments at the end of each paragraph in your email.

De : Robert X XXXXXXXX [mailto:xxxxxxxx@xxxxxxxx.xx.com]
Envoyé : 9 juin 2006 12:20
À : szng@szng.ru; jiemas@bellsouth.net; PARKIN@monimpex.com
Objet : Damaging NDOL Allegations - Please Clarify
Importance : Haute

Mr. Malyshev, Mr. Parkin and Mr. Emas,

With all due respect, sirs:

I have been an investor in NDOL since the beginning of April and have followed the actions of Nord Oil and NorthWest Oil Group very closely. However, some allegations are being made on a Stock Investment board which have been extremely alarming and could be having a devastating affect on the share price of NDOL. Could you please address these allegations being made by a respected Internet poster named "Purl Gurl" at AllStocks.com:
__________
Source: http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/012133/p/25.html#0....

I have previously provided a link to a SEC file
and discussed this. Insiders have been selling
into the pump & dump for a number of months.
Insiders are still selling into the market with
a net result of dilution of share price.

There is reference to insiders selling their stock. I only presume that it is people that I know because of my position in the Company. All the ‘insiders from Nord Oil’ have restricted shares and they represent over 80% of the shares before the merger. After the merger, the North West insiders all have restricted shares. My mathematics concludes as follows: Nord Oil insiders hold 80% of their share of 41% of the merged Company while the North West insiders hold 100% of the 59% of all the shares of the merged Company. THESE ARE ALL RESTRICTED SHARES! Consequently, the restricted shares represent over 90% of all shares at the time of the merger.

Of interest, those of North West now own fifty-nine
percent of outstanding common shares rather than
restricted shares as stated by Parkin. North West
received both common shares and restricted shares.
My _hunch_ is North West people are also engaging
in dilution dumping.

ALL THEIR SHARES ARE RESTRICTED---BY LAW.

Very clear NDOL and North West planned and well
executed a pump and dump scam.

How could someone be so blatantly stupid as to conceive of an idea that intelligent businessmen have pumped up the stock which they CANNOT sell.

I can assure you that, after working with Russians since over 7 years, I know that they do NOT want to depossess themselves of any shareholdings. They, the insiders are all working for the oil Company and they cherish being shareholders. They do NOT even know the concept of pumping stock and other manoeuvres on the market.

My current opinion is share prices will slide
down into the .25 to .30 range over the next
few business days. NDOL is currently having
difficulty maintaining .30 per because of the
heavy dilution dumping.

Again, a gratuitous statement with nothing to support it.

NDOL may slide down farther in the very near
future because of their newly authorized
one-billion shares effected without a share
holder vote by invoking a Florida law often
used by less-than-ethical companies.

The Florida law was followed because the company is domiciled in Florida. Are we to question the lawmakers of Florida. Basically, once a majority is reached the other shareholders are not consulted because their vote, positive or negative will not affect the outcome.

It is indeed strange that some shareholder, probably holding a small amount (the large shareholders approach the situation differently), wants the same power in his vote as the owner of North West who transferred his company in exchange for shares and which combined with the Nord Oil people. The latter are oil experts with the good of the Company in mind and not their stock.

My rough estimate is NDOL will begin dumping
a few hundred-million shares on the markets
which will dilute share price more and keep
share prices low for as much as a year.

Again, Gratuitous remarks completely un based.

Should NDOL continue to follow the pattern of
a typical pump and dump, millions of shares
will be used for capital expenditure and loans.
This will further strengthen dilution losses.

I do not even understand this comment. If a capital expenditure is made, the value of the Company increases because of the purchase.

In conclusion, Purl Gurl constantly assumes a theory and then invents facts to make his theory true. It is an illusionary process and it should be kept to him/herself.

Purl Gurl
__________
Source: http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/012133/p/25.html#0....

I should add NDOL behavior perfectly fits the
pattern of a pump and dump scam.

This authorized one-billion shares suggests
a typical behavior. For these comments, mine
are a hunch which might be proved true in
the future; an outline of classic tactics
used for decades.

Shares are being dumped and will continue to be
dumped. The merger itself is being delayed to
provide time to dump shares until dilution share
price dropping reaches a severely low price and
volume drops off. NDOL will then effect a merger.

During the merger NDOL will effect a reverse
split to reduce public percentage holding, and
the reverse split will leave NDOL holding a
large percentage of reserve common shares
allowing NDOL to continue to impose changes
without a share holder vote via Florida laws.

Post merger, NDOL will authorized new shares,
a massive amount, possibly a billion shares.

A reverse split has been indirectly announced
weeks back through setting of post merger
share count which was roughly one-tenth of
previous share count, now significantly less
with the new billion shares.

Adding strength to this classic pump and dump
scam is NDOL does not have employees, no crews,
no drilling equipment. NDOL and North West are
purely mineral rights holders. They are working
a paper company for insider profit.

A blatant lie!! He has gone beyond his theories and has simply fantasized that it would be ideal to support his ideas if the Company was, in fact, non existing. So, his solution, why not just make it up. At this stage of his reasoning, he has to invent facts to support his theory.

The Company has over 150 employees working on equipment that is pumping on a daily basis.

Mine are, of course, opinion, save for the current
insider selling on file with the SEC. My opinion
is based on patterns of behaviors displayed by
thousands of companies over many decades.

Yes, opinions based on a conspiracy theory rather than on common sense and proven facts.

NDOL perfectly fits the mold of a pump and dump.

Twist the facts until they fit his mold.

Purl Gurl

__________

Please respond as soon as time allows as these latest allegations have me extremely concerned about my considerable investment in NDOL.

Regards,

Robert

Robert X XXXXXXXX
XXX.XXX.XXXX - Telephone
XXX.XXX.XXXX - Facsimile
__________

My Response to Mr. Parkin

Mr. Parkin,

I would like to open by stating that your response is appreciated beyond my ability to articulate. I have been a shareholder in NDOL and extremely hesitant to make a request of you which would require your valuable time. However, I have been doing my best to respond to Purl Gurl's allegations on these message boards which many investors rely upon to make their financial decisions. I believe "Purl Gurl" has been dispensing extremely damaging and baseless allegations about you, your company and your associates. So much so that I have had correspondence with Mr. Emas in Miami and decided to file a complaint with the SEC on my own.

I have extreme confidence in you and the parties who comprise Nord Oil and NorthWest Oil Group. I bought NDOL stock for a long-term investment, not a flash in the pan get rich quick mission. The expediency of your response, the specificity of your answers and the factual information contained herein is above and beyond what I had expected from your office. Again, thank you.

I visited Moscow and Leningrad in 1988 on a high school math trip to the University of Moscow. I marveled at the passion and discipline of the Russian students even when we may have viewed each other's societies a bit askew as a result of the Cold War. I have great affection for Russia and immense confidence in her people's ability and passions. You only served to bolster this sentiment of mine.

I might ask you to allow me to share the information you have given me in this e-mail with fellow stockholders. I believe it could assist in the appearance of transparency and bolster confidence in those who plan on holding this stock for the long term.

With all due respect...

Fondly,

Robert
__________

Mr. Parkin's Most Recent Response (Note: Again, I placed his own words in bold italics):

Greetings Robert,

I thank you sincerely for your comments and interest. If all investors
thought things out, as you did, the stock would be right up there.
I have no objection if you relay what we discussed in our emails since it is
the truth and I will put my reputation on the line to support what I stated.

You are one of the rare persons that does not have that cold war syndrome
regarding Russia. Unfortunately I had been guilty of this suspicious
attitude towards Russia until I dealt with them on a daily basis. In the
late 1990's I was the instigator of a major project in Russia. As you, I was
most pleasantly impressed by their passion tempered by disciple. The Russian
side, from our own employees to the governmental level politicians and
bureaucrats, was excellent and helpful. All obstacles to the smooth progress
of the project were initiated from the Canadian side.

Thanks again for protecting our mutual Company,
Gerald Parkin
__________

I would ask that someone who still has the ability to post this at AllStocks do so. I posted that I would relay Mr. Parkin's response once he gave me the authority do so. Additionally, I would be willing to sign a sworn affidavit stating the e-mails I have posted have not been altered, forged or otherwise misrepresentative of what correspondence has actually taken place.

I hope this helps,

Regards,

W