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DGAP-News: Northwest Oil & Gas Trading Company, Inc.: Financial Statement 2013

June 30, 2014

DGAP-News: Northwest Oil & Gas Trading Company, Inc. / Key word(s): Statement Northwest Oil & Gas Trading Company, Inc.: Financial Statement 2013 30.06.2014 / 17:15 --------------------------------------------------------------------- Northwest Oil & Gas Trading Company Inc. (NWO) released today its audited financial report for the 2013 financial year ending December 31. The report includes the financial statements, which are comprised of the statement of financial position as at December 31, 2013 and the related statements of profit or loss and other comprehensive income, changes in shareholders' equity, and cash flows statement. The complete audited financial report was posted on the GXG site for further review. The audited financial report presents the following results: Statement of Comprehensive Loss for the Year Ended December 31, 2013 2013 2012 Revenue Total revenue $ 0 0 Operating expenses Depreciation $ (10,376) (10,376) Professional fees (161,819) (30,971) Employee compensation 0 (52,943) Rent 0 (12,953) General and administrative expenses (457,434) (166,056) Total operating expenses $ (647,629) (273,299) Loss from operation $ (647,629) (273,299) Other income (expense) Impairment loss on investment $ 0 0 Interest income 0 0 Interest expense 0 (4,453) Impairment on mineral rights (922,553) (1,009,883) Realized loss on mineral rights sale 0 (581,097) Total other income (expense), net $ (922,553) (1,595,433) Income tax expense $ 0 0 Net loss $ (1,570,182) (1,868,733) Other comprehensive income (loss) $ 0 (202,359) Total comprehensive income (loss) $ (1,570,182) (2,071,092) Loss per share - Basic and diluted $ 0.03 0.04 Balance Sheet as of December 31, 2013 Assets 2013 2012 Non-current assets Intangible assets - mineral rights $ 286,304 1,208,856 Intangible assets - licensing rights 1,700,758 1,700,758 Property and equipment, net 7,324 17,700 Total non-current assets $ 1,994,386 2,927,315 Current assets Investments $ 63,501,497 63,446,181 Cash and cash equivalents 26,133 5,995 Total current assets $ 63,527,631 63,452,175 Total assets $ 65,522,017 66,379,490 Shareholders' Equity and Liabilities Shareholders' equity Share capital $ 69,507,684 69,507,684 Treasury stock and premium reissurance 1,667,607 1,416,254 Deficit accumulated during the exploration stage 5,991,356 (4,421,174) Accumulated other comprehensive earnings/loss -currency translation adjustment 407,819 0 Total shareholders' equity $ 65,591,754 66,502,764 Current liabilities Notes payable - related party $ 61,866 74,215 Interest payable - related party 7,871 4,871 Accounts payable 0 0 Total current liabilities $ 69,737 79,086 Total liabilities $ 69,737 79,086 Total shareholders' equity and liabilities $ 65,522,017 66,379,490 Statement of Changes in Shareholders' Equity for the Year Ended December 31, 2013 Deficit accumlated Accumulated other during the Comprehensive Share Capital Premium on Reissuance Exploration Stage Earnings/Loss Total Balance at December 31, 2012 69,507,684 1,416,254 (4,421,174) 66,502,764 Net loss for the year ended December 31, 2013 (1,570,182) (1,570,182) Treasury stock issued in exchange for cash 251,533 251,533 Working Interests issued in exchange for cash 407,819 407,819 Balance at December 31, 2013 69,507,684 1,416,607 (5,991,356) 407,819 65,591,754 Statement of Cash Flow for the Year Ended December 31, 2013 2013 2012 Cash flow from operating activities Net loss $ 1,570,182 (1,868,733) Adjustments to reconcile net loss to net cash used in opearting activities: Depreciation expense 10,376 10,376 Impairment loss on investment 0 0 Impairment loss on mineral rights 922,553 1,009,883 Loss on sale of mineral rights 0 584,097 Increase (decrease) in accounts payable 0 (2,953) Cash used in operating activities $ (637,253) (270,329) Cash flow from investing activities Acquisition of intangible assets - mineral rights $ (256,365) 0 Cash used in investing activities $ (256,365) 0 Cash flow from financing activities Proceeds from sale of Working Interests $ 407,819 0 Proceeds from issuance of treasury shares, net of offering costs $ 251,353 0 Proceeds from issuance of stock to investors 0 254,255 Cash provided by financing activities $ 659,171 254,255 Net change in cash and cash equivalents $ 20,138 (16,074) Cash and cash equivalents at beginning of the period $ 5,995 22,069 Cash and cash equivalents at end of the period $ 26,133 5,995 Interest paid $ 0 0 Taxes paid $ 0 0 Non-cash investing and financing activities: Treasury stock used to pay off related party notes - 500,494 Stock issued for investment in Kandal - 36,000,000 Stock issued for investment in S.R.E. Technology Licensing Rights - 1,237,500 In our opinion, the accompanying financial statements give a true and fair view of the financial position of Northwest Oil and Gas Trading Company, Inc. as of December 31, 2013. The accompanying financial statement have been prepared assuming that the Company will continue as a going concern. The Company is dependent on generating revenue and obtaining outside sources of financing for the continuation of its operations. Additionally, the Company is developing its investment in advanced "Cold Cracking Technology" and "GTL Gas to Liquids Technology" for refineries. However, there is no assurance that the Company will be successful in accomplishing any or all these objectives. These factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. About Northwest Oil & Gas Trading Company, Inc.: Northwest Oil & Gas Trading Company, Inc. is an investment company in the oil and gas industry. The core business areas are organized into a regional focus in the US and in the Middle East, Africa and Europe. In the US the focus is on the acquisition and reactivation of oil- and gas-fields to expand these to a maximum production by using modern methods. The objective is occupying niches that appear uninteresting and not lucrative enough for large corporations. Further business should arise from proposed oiltrading with potential partners in the Middle East and Russia. Additionally the company is in the process of forming alliances to focus on the advanced "Cold Cracking Technology" as well on the "GTL Gas to Liquids Technology" for refineries in connection with its joint venture partners. 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, uncertainties regarding future and/or unexpected costs, the inability or failure to obtain adequate financing on a timely basis, changes in the national and local laws, 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. NORTHWEST OIL & GAS TRADING COMPANY, INC. is neither committed to update this forward looking statements nor to amend them in the case of an unexpected trend. June 30, 2014 NORTHWEST OIL & GAS TRADING COMPANY, INC. Contact: E-Mail ir@nwoil.org End of Corporate News --------------------------------------------------------------------- 30.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 275931 30.06.2014


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