NW Oil: Accelerated growth / Purchase of already producing oil wells

Pumpjack1 (c) NWOil

Sparks, NV (pta029/22.10.2019/16:25 UTC+2) As stated in our Corporate News begin of October, there are several projects Mystic Energy Services has been collecting to present to NWO to increase company profitability and assets. These projects range from Indiana to Texas. The first program was selected because it allows North West Oil to increase in both - profits and assets - at a low cost but with a high ownership percentage.

The wells that are in focus are in the same general area of Kentucky where North West Oil currently has assets. These wells are already generating a profit and will automatically provide a return on investment. Two of the wells involved have no revenue value but were included in the deal for the equipment it will provide for other North West Oil assets in need of maintenance, specifically the Ennis location. The tank will be removed and placed on the Ennis. The equipment savings alone that we will use on our other assets will save us rd. USD20,000.

If work is performed on all the wells, which will include a swab, diesel wash, repairs of downhole equipment (if needed) then the production of these wells should increase to over 1,000 barrels of oil per year (or more).

Third party (Black Gold Oil) has verified the information provided as accurate. The lease is adjacent to the "Ennis"-lease where we already have production and is giving us acesss to 750 acres of proven production. By this we have excellent drilling potential and with the infrastructure (electric, road, tank and facilities) we may have substantial savings in drilling cost.

Investor Relations / October 22, 2019

Disclaimer/Forward Looking Statements:
This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements".
Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur. Although we believe that our plans, intentions and expectations reflected in these forward-looking statements are reasonable, these plans, intentions and expectations may not be achieved.
Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this release and our filings with the SEC.
Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of the company. Readers of this information are requested to inform themselves about, and to observe, any possible restrictions.

(end)

Emitter:	NW Oil 4650 Wedekind Road, Suite #2 89431 Sparks, NV United States of America (USA)
Contact Person:	Investor Relation
Phone:	+1 775 501-6255
E-Mail:	investorrelation@nwoil.net
Website:	www.nwoil.net
ISIN(s):	US66771P1021 (Share)
Stock Exchange(s):	-