UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB


(MARK ONE)

|X|   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
      EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2006


                                       OR

|_|   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
      EXCHANGE ACT OF 1934

                        Commission file number: 000-19471


                           NORD OIL INTERNATIONAL INC.
                 ----------------------------------------------
             (Exact name of registrant as specified in its charter)

           Florida                                    65-0786722
          --------                                    ----------
  (State or other jurisdiction of          (I.R.S. Employer Identification No.)
  incorporation or organization)


            7151 Jean Talon East, Suite 110, Montreal, Quebec H1M 3N8
       -------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


        Registrant's telephone number, including area code: 514-798-5454


Indicate by check mark whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes |X| No |_|

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date 337,865,401 shares of common stock,
$0.001 par value, as of March 31, 2006.

Indicate by check mark whether the registrant is a shell company (as defined in
rule 12b-2 of the Exchange Act). Yes |X| No |_|


<PAGE>




BIO TRACKING SECURITY, INC.


                                Table of Contents

<TABLE>
<CAPTION>

         Description                                                                                                       Page
-------------------------------------------------------------------------------------------------------------------------------
<S>     <C>                                                                                                                 <C>

PART I.  FINANCIAL INFORMATION

   Item 1.  Financial Statements (unaudited)

           Consolidated interim balance sheets at March 31, 2006 and March 31, 2005 (unaudited).............................F-1

           Consolidated interim statements of operations and comprehensive income (loss) for the three months
                  ended March 31, 2006 and 2005 (unaudited).................................................................F-2

           Consolidated interim statements of cash flows for the three  months
                  ended March 31, 2006 and 2005 (unaudited).................................................................F-4

           Notes to consolidated condensed financial statements for the nine months
                  ended March 31, 2006 (unaudited)..........................................................................F-5

   Item 2. Management's Discussion and Analysis of Financial Conditions and Results of Operations.............................1

   Item 3. Controls and Procedures...........................................................................................10



PART II.  OTHER INFORMATION

   Item 1. Legal Proceedings.................................................................................................11

   Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.......................................................11

   Item 3. Defaults Upon Senior Securities...................................................................................11

   Item 4. Submission of Matters to a Vote of Security Holders...............................................................11

   Item 5. Other Information.................................................................................................11

   Item 6. Exhibits and Reports on Form 8-K..................................................................................11

   SIGNATURES................................................................................................................13

</TABLE>



--------------------------------------------------------------------------------

<PAGE>

Nord Oil International Inc. and subsidiary

                          (A DEVELOPMENT STAGE COMPANY)


                       CONSOLIDATED INTERIM BALANCE SHEET
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                                 MARCH 31, 2006     MARCH 31, 2005
                                                                      U.S.$              U.S.$
---------------------------------------------------------------------------------------------------

                                     ASSETS
<S>                                                                    <C>                 <C>
CURRENT ASSETS
Cash and Cash Equivalents                                              26 297              58 615
Receivables                                                           113 689                  --
Inventory                                                             478 170                  --
R&D Refundable Tax Credits                                                 --           1 654 716
Other                                                                  24 207                  --
---------------------------------------------------------------------------------------------------
Total Current Assets                                                  642 363           1 713 331
Fixed Assets                                                        8 425 252          10 946 253
Goodwill                                                            4 762 020           4 762 020

TOTAL ASSETS                                                       13 829 635          17 421 604
===================================================================================================
                      LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable                                                    2 745 876           9 785 075
Due to Officers and Employees                                          33 465           3 259 291
Short/Current Long Term Debt                                               --                  --
Other Current Liabilities                                           2 961 366                  --
---------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES                                           5 740 707          13 044 366
Long Term Debt                                                             --                  --
---------------------------------------------------------------------------------------------------
TOTAL LIABILITIES                                                   5 740 707          13 044 366

STOCKHOLDERS' EQUITY:
Common stock, $.001 par value; authorized
500,000,000 shares; 30,000,000 preferred issued
and outstanding 337,865,401 shares                                    337 866             337 866
Paid-in capital                                                     6 816 228           6 816 228
Retained Earnings/Loss                                                934 834          (2 776 856)
TOTAL STOCKHOLDERS EQUITY                                           8 088 928           4 377 238
---------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                         13 829 635          17 421 604
===================================================================================================

</TABLE>




<PAGE>



                   Nord Oil International Inc. and subsidiary
                          (A DEVELOPMENT STAGE COMPANY)

  CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
                                   (UNAUDITED)

                                         FOR THE PERIOD         FOR THE  PERIOD
                                         JANUARY 1,2006         JANUARY 1, 2005
                                         MARCH 31, 2006          MARCH 31, 2005
                                        ---------------         ----------------
                                             U.S.$                   U.S.$

SALES:
Income                                      3 942 075               519 631
Operating Expenses                         (2 870 407)             (389 723)
Selling, general and administrative          (407 889)             (211 313)

Amortization/Depreciation                    (442 886)              (55 892)

Loss before Provision for Income Taxes        220 893              (137 297)
                                           -----------             --------


Total other Income/Expenses Net                26 153                    --
Earnings before Interest and Taxes            247 046              (137 297)
                                                                   --------
Income Tax Expense                            (54 503)                   --
                                           -----------

Net Income/Loss Per Common Share              192 543              (137 297)
                                                                   --------


<PAGE>



                   Nord Oil International Inc. and subsidiary
                          (A DEVELOPMENT STAGE COMPANY)

                  CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                           FOR THE PERIOD            FOR THE PERIOD
                                                          JANUARY 1, 2006            JANUARY 1, 2005
                                                           MARCH 31, 2006             MARCH 31, 2005
                                                          ---------------           ----------------

                                                                U.S.$                       U.S.$

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                              <C>                       <C>
Net Profit /Loss                                                 192 543                   (137 297)
                                                                                           --------
Depreciation and amortization                                    442 886                    (55 892)
(Increase) decrease in:                                               --                         --
Changes in Receivables                                          (113 689)                  (396 484)
Changes in Liabilities                                        (3 124 985)                    35 505
Changes in other Operating                                                                       --
Activities                                                     1 654 716                         --
Amounts due officers and Employees                                    --                         --
Loss on disposal of assets                                            --                         --
-------------------------------------------------------------------------------------------------------------------

NET CASH AND CASH EQUIVALENTS PROVIDED BY
(USED IN) OPERATING ACTIVITIES                                  (948 529)                  (554 168)
-------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Goodwill                                                  --                 (4 562 020)
Purchase of Capital Assets                                            --                 (1 040 259)
-------------------------------------------------------------------------------------------------------------------

NET CASH USED FOR INVESTING ACTIVITIES                                --                 (5 602 279)
-------------------------------------------------------------------------------------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
Write-off deficit to Paid-in-Capital                                  --                         --
Write-off comprehensive income to Paid Capital                        --                         --
Write-off stock subscription receivable                               --                         --
Increase in capital stock                                             --                    177 331
Long-term loan                                                 1 176 681                  5 930 683
-------------------------------------------------------------------------------------------------------------------

NET CASH FROM FINANCING ACTIVITIES                             1 176 681                  6 108 014
-------------------------------------------------------------------------------------------------------------------

Net (Decrease) Increase in Cash                                  228 152                    (48 433)
Cash- Beginning of Period                                         34 888                    107 048
Cash - End of Period                                             263 040                     58 615
-------------------------------------------------------------------------------------------------------------------

</TABLE>



<PAGE>







               INTERIM NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                              AS AT MARCH 31, 2006


1. BACKGROUND AND ORGANIZATION
------------------------------

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.

2. ACCOUNTING POLICIES

      a) BASIS OF PRESENTATION
         ---------------------

 The Company is considered a going concern.

      b) PRINCIPLES OF CONSOLIDATION
         ---------------------------

 The accompanying  consolidated financial statements include the accounts of all
subsidiaries.

      c) CASH AND CASH EQUIVALENT
         ------------------------

 The Company considers highly liquid investments with maturities of three months
or less at the time of purchase to be cash equivalents.

      d) FURNITURE, FIXTURES AND EQUIPMENT
         ---------------------------------

 Furniture,  fixtures  and  equipment  are  recorded  at cost  less  accumulated
depreciations  which is provided on the  straight-line  basis over the estimated
useful  lives  of  the  assets  which  range  between  three  and  seven  years.
Expenditures for maintenance and repairs are expensed as incurred.

      e) INCOME TAXES
         --------------

 The Company accounts for income taxes in accordance with the "liability method"
of accounting for income taxes. Accordingly, deferred tax assets and liabilities
are determined based on the difference  between the financial  statement and tax
bases of assets and  liabilities,  using the enacted tax rates in effect for the
year in which the differences are expected to reverse.  Current income taxes are
based on the respective  periods' taxable income for federal,  state and foreign
income tax reporting purposes. As at September 30, 2005, these amounts were Nil.

      f) EARNINGS PER SHARE
         ------------------

Earnings per common  share is computed  pursuant to SFAS No. 128  "Earnings  Per
Share".  Basic earnings per share is computed as net income (loss)  available to
common  shareholders  divided by the weighted  average  number of common  shares
outstanding  for the period.  Diluted  earnings per share reflects the potential
dilution that could occur from common  shares  issuable  through stock  options,
warrants and convertible preferred stock.

      g) USE OF ESTIMATES
         ----------------

The preparation of financial  statements in conformity  with generally  accepted
accounting  principles  in the United States of America  requires  management to
make estimates and  assumptions  that affect the reported  amounts of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting period. Actual results could differ from those estimates.

<PAGE>


      h) FAIR VALUE DISCLOSURE AT MARCH 31, 2006
         -------------------------------------------

 The carrying value of cash, R&D  Refundable tax credits,  accounts  payable and
due to officers and employees are a reasonable estimate of their fair value.

      i) EFFECT OF NEW ACCOUNTING STANDARDS
         ----------------------------------

The Company does not believe that any recently issued accounting standards,  not
yet  adopted  by the  Company,  will have a  material  impact  on its  financial
position and results of operations when adopted.

During  June 2001,  SFAS No.  141,  "Business  Combinations"  was  issued.  This
standard addresses financial accounting and reporting for business combinations.
All business  combinations  within the scope of SFAS 141 are to be accounted for
using one method -the purchase method. Use of the  pooling-of-interests  methods
is  prohibited.  The  provisions of SFAS141  apply to all business  combinations
initiated after June 30, 2001.

During June 2001,  SFAS No. 142,  "Goodwill"  and Other  Intangible  Assets" was
issued.  This  standard  addresses  how  intangible  assets  that  are  acquired
individually  or with a group  of other  assets  (but not  those  acquired  in a
business combination) should be accounted for in financial statements upon their
acquisition.  SFAS 142 also addresses how goodwill and other  intangible  assets
should be  accounted  for  after  they have  been  initially  recognized  in the
financial  statements.  The  provision of SFAS 142 is effective for fiscal years
beginning after December 15, 2001.

3. GOING CONCERN

The  Company's  financial  statements  are  prepared  using  generally  accepted
accounting principles to a going concern,  which contemplates the realization of
assets and liquidation of liabilities in the normal course of business.

4. PROVISION FOR INCOME TAX

Income taxes are provided  for the tax effects of  transactions  reported in the
financial  statements  and consist of taxes  currently due plus  deferred  taxes
related to differences  between the financial  statement and income tax bases of
assets  and  liabilities  for  financial  statement  and  income  tax  reporting
purposes.  Deferred tax assets and  liabilities  represent the future tax return
consequences  of these  temporary  differences,  which will either be taxable or
deductible in the year when the assets or liabilities  are recovered or settled.
Accordingly, measurement of the deferred tax assets and liabilities attributable
to the  book-tax  basis  differentials  are computed by the Company at a rate of
approximately 34% for federal and 6% for state.

5. COMMITMENTS AND CONTINGENCIES

      INSURANCE
      ---------
The Company does not maintain any property and general liability  insurance.  At
the date of the Balance Sheet, the Company is not aware of any claims.

6. REDUCTION OF LOAN OUTSTANDING

There were 100,000,000  restricted  Shares issued on January 4, 2004 to complete
the acquisition of Bio-Tracking. At which time a note for $868,569 was cancelled
which was issued as collateral until the shares were ready for delivery from the
transfer agent.  Furthermore,  the shares for the Agreement of the settlement of
debts of CXN with 3884368 Canada Inc. were issued in January 2004.


7. GOODWILL

In July 2001, the FASB issued Statement No. 141,  Business  Combinations and No.
142,  Goodwill and Other  Intangible  Assets.  Statement No. 141  supercedes the
previous accounting  standard on business  combinations,  Accounting  Principles
Board  Opinion No. 16. and  requires  that all business  combinations  initiated
after June 30, 2001 must be accounted by the purchase method.  Statement No. 141
also  changes  the  requirements  for  recognizing  assets as assets  apart from
goodwill in business combinations accounted for by the purchase method for which
the date of the  acquisition is July 1, 2001 or later.  Under Statement No. 142,
goodwill  acquired in a business  combination for which the acquisition  date is
after  June 30,  2001,  should  not be  amortized,  but  should  be  tested  for
impairment in accordance for the provisions of this accounting standard.

Goodwill is the result of the acquisition of  Bio-Tracking  Security Inc. by the
registrant  on  December  2, 2003.  The  closing  price of the shares  traded on
December 2, 2003 was $0.05. The Goodwill is calculated as the excess of the fair
value of the acquisition (the purchase method) over its tangible assets.

<PAGE>

8. SUBSEQUENT EVENTS

      SIGNIFICANT CHANGES TO KEY MANAGEMENT AND SHARE CAPITAL MANAGEMENT CHANGES
      --------------------------------------------------------------------------

On March 10, 2004, a majority  action of  shareholders  of the  registrant,  was
taken by shareholders  representing a majority of the outstanding  shares of the
corporation, in accordance to 607.0704 of the Florida Business Corporations Act,
to nominate  successor  Members of the Board of Directors  for the ensuing year,
namely; Mr. Michael G. Iafigliola,  Mr. Philippe Canning, Mr. Kerry Schacter and
Ms. Angela Cabral. A Schedule 14C Information Statement was filed April 5, 2004.

On September  30, 2004,  Mr.  Jean-Francois  Amyot was appointed to the Board of
Directors  of the  Registrants  and  nominated  as  Chairman  President  and CEO
following the Special  Shareholders  meeting held in witness of the Registrant's
auditors  where the  holder of the  majority  of the  outstanding  shares of the
common  stock  of  the  Registrant  voted  to  remove  Michael  Tremis,  Michael
Iafigiola,  Philippe Canning,  Daniel Bernesi and Kerry Schacter as officers and
directors of the Registrant and appoint Mr. Jean-Francois as the sole director.

The decision by the  shareholder  to remove the current  members of the Board of
Directors arose due to irresolvable differences and such action was taken in the
best interest of all the shareholders of the Registrant.

On  September  30,  2005,  following  the Special  Shareholders  meeting held in
witness of the  Registrant's  auditors  where the holder of the  majority of the
outstanding  shares of the  common  stock of the  Registrant  voted to approve a
reverse split of up to 1 for 20. The Board of Directors are currently evaluating
the necessity of proceeding to restructure the capital stock of the Company.  As
at the Statement  date, the Company has received no claims by the previous board
of directors  nor officers  nor has the Company  pursued any claims  against the
previous board of directors and officers.


Effective May 11, 2006, the Company,  by way of a reverse merger,  acquired 100%
of the outstanding  shares of two divisions of the North-West Oil Group,  namely
"North-West Oil  Group-Saratov"  Ltd. and Company  "Neftegazenergo"  Ltd. As the
result of that merger,  the Company  shareholders will own a total of 41% of the
issued  and  outstanding  shares  of the  Company  and the  shareholders  of the
North-West Oil Group will own 59% of the Company.




<PAGE>





ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS


Statements  included in this  Management's  Discussion and Analysis of Financial
Condition and Results of  Operations,  and in future filings by the Company with
the Securities and Exchange  Commission,  in the company's press releases and in
oral statements made with the approval of an authorized  executive officer which
are not historical nor current facts are  "forward-looking  statements"  and are
subject to certain risks and  uncertainties  that could cause actual  results to
differ  materially from historical  earnings and those presently  anticipated or
projected.  Without  limiting the  generality  of the  foregoing,  words such as
"may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate,"
or  "continue"  or the  negative  or  other  variations  thereof  or  comparable
terminology are intended to identify forward-looking  statements.  The foregoing
list  should not be  construed  as  exhaustive  and the  Company  disclaims  any
obligation  subsequently  to revise any  forward-looking  statements  to reflect
events or  circumstances  after the date of such  statements  or to reflect  the
occurrence of  anticipated  or  unanticipated  events.  You are cautioned not to
place undue reliance on any such forward-looking statements, which speak only as
of the date made. The following  important factors,  among others, in some cases
have  affected and in the future  could affect the our actual  results and could
cause  the our  actual  financial  performance  to differ  materially  from that
expressed  in any  forward-looking  statement:  (i)  the  extremely  competitive
conditions that currently exist in the market for companies  similar to us; (ii)
history of operating  losses and  accumulated  deficit;  (iii) possible need for
additional  financing;  and (iv) other factors  discussed in this report and the
Company's  other  filings  with the  Securities  and  Exchange  Commission.  The
following discussion should be read in conjunction with our financial statements
and their explanatory notes included in the report.

SUMMARY
-------

Nord Oil International, Inc. (f/k/a/ Bio-Tracking Security Inc.) (the "Company")
is a Florida  registered  company.  Until  October  29,  2003,  the  Company was
pursuing its business  plan of  developing a custom  market  research firm which
would provide business  intelligence to Fortune 2000 companies  seeking to enter
or enhance  their market  presence in the People's  Republic of China,  with its
partner, The China Economic Information Network (CEINet), an official government
agency of the State Development and Planning Commission.

On October  29,  2003,  the  Company  announced  that it would seek to  mutually
terminate its joint venture agreement with CEINet. The board of directors of the
Company had agreed  that this  decision  was  necessary  due to CXN's  continued
inability to meet its obligations under its agreement.

On December 2, 2003, the Company  concluded the acquisition of Montreal (Canada)
based  Bio-Tracking  Security  Inc.  (Bio-Tracking).  Under  the  terms  of  the
transaction, the Company acquired 100% of the outstanding shares of Bio-Tracking
in exchange for 100,000,000 shares of the Company.

Effective May 11, 2006, the Company,  by way of a reverse merger,  acquired 100%
of the outstanding  shares of two divisions of the North-West Oil Group,  namely
"North-West Oil  Group-Saratov"  Ltd. and Company  "Neftegazenergo"  Ltd. As the
result of that merger,  the Company  shareholders will own a total of 41% of the
issued  and  outstanding  shares  of the  Company  and the  shareholders  of the
North-West Oil Group will own 59% of the Company.

History and Development of Nord Oil International, Inc.
-------------------------------------------------------

Bio-Tracking security Inc. of Montreal, Quebec, designs and manufactures vehicle
and asset  tracking  and security  systems,  based on patent  pending,  Inertial
Navigation,   Biometric   Fingerprint   Identification   and   Spread   Spectrum
Communication technologies.


On June 15, 2005, we completed  our  acquisition  of Nord Oil,  Inc., a Delaware
corporation,  pursuant  to a Share  Exchange  Agreement.  On June 15,  2005,  we
completed our acquisition of Nord Oil, Inc., a Delaware corporation, pursuant to
a Share Exchange Agreement.

Nord Oil  International  Inc.  is a reporting  publicly  traded Oil & Gas junior
producer,  trading under the ticker NDOL on the US Over-The-Counter market. Nord
Oil International Inc. is the corporate holding company, which wholly owns three
Russian subsidiaries; Nord Oil Products LLC, Nord Oil Samara LLC and NANA A LLC.


Mission
-------

The Company's  mission is to become one of the leaders in the industry sector in
terms of technological  advancements,  growth rates, quality of oil products and
efficiency of business management,  while creating substantial shareholder value
and  contributing  to  increasing   shareholder   income  through  an  equitable
distribution of profits.

Russian Oil Industry
---------------------

Russia  has  around 49 bln.  Barrels  of proven  oil  reserves  (4.8% of world's
reserves)  ranking six in the world.  At the moment about 2,000 oil- and oil and
gas  deposits  have been  discovered  in the  territory  of 36 out of  89Russian
subjects. Hydrocarbon material is produced in 30 out of those 36.

<PAGE>

For its main criteria Russia is now making a transition from the mature stage of
development to the late stage. Hence, the medium stage of development is typical
of West Siberian deposits, which make the country's main source of raw materials
and is partially typical of the European North. The oil producing areas of Urals
and  Volga,  North  Caucasus  and  Sakhalin  Island  are at the  late  stage  of
development.  Only the deposits of East Siberia, Far East and sea shelves are at
the initial stage of development.

Today oil output can be increased only due to the prolongation of "young age" of
provinces,  i.e. discovery of new structural stages of oil-and-gas  presence, or
due to the discovery of new and rich  provinces.  Following the 2003 results the
output of oil in Russia  grew by 10.7%.  In  January  and  February  of 2004 the
output of oil  produced by Russian  oilers  increased  by 11.5% as compared  the
previous  year.  The  preliminary  data of March  2004  speak of the  continuing
tendency of oil production  growth. Oil export grows even faster. In January and
February  of 2004  export via  Transneft  oil  pipelines  exceeded  the  similar
previous year figure by 21.8%. Oil export by railways doubled and made up 109%.

The maintaining of production rate requires state and private  investments  both
in the upgrading of oil production and improvement of infrastructure.

Samara Region
-------------

The Samara  Region is situated  in the  south-eastern  part of Eastern  European
Plain in the middle  part of the Volga and  occupies  the area of 53.600  square
kilometres.  It borders the Uliyanovsk  Region, the Orenburg Region, the Saratov
Region and the Republic of  Tatarstan.  The Samara  Region has a  population  of
3,239  thousand  people.  Samara and Togliatti  are major  seaports on the Volga
playing an important role in the transportation system of the European Russia.


The Samara  Region is run across by national  Russian  railways  and highways as
well as by oil-,  gas- and product  pipelines.  Oil and  associated  gas are the
region's most important mineral resources.


The current  geological  reserves  amount to  approximately 2 bln. tons, but the
volume of remaining recoverable  commercial reserves is much lower - around 0.35
bln. tons. 130 oilfields have been  discovered in the region;  67 of them are on
stream.

CAPITAL NEEDS

We do not anticipate that we will be required to raise additional  capital since
current cash flow is sufficient to meet ongoing business operation.

RESULTS OF OPERATIONS

On June 15, 2005, we completed  our  acquisition  of Nord Oil,  Inc., a Delaware
corporation,  pursuant to a Share Exchange  Agreement.  Below are our results of
operations reflecting the acquisition.

                                           FOR THE PERIOD        FOR THE PERIOD
                                           JANUARY 1, 2006      JANUARY 1, 2005
                                           MARCH 31, 2006        MARCH 31, 2005
                                           --------------       ----------------

                                                U.S.$                U.S.$

SALES:
Income                                        3 942 075              519 631
Operating Expenses                           (2 870 407)            (389 723)
Selling, general and administrative            (407 889)            (211 313)

Amortization/Depreciation                      (442 886)             (55 892)

Loss before Provision for Income Taxes          220 893             (137 297)
                                                -------             --------


Total other Income/Expenses Net                  26 153                   --
Earnings before Interest and Taxes              247 046             (137 297)
                                                                    --------
Income Tax Expense                              (54 503)                  --
                                                -------

Net Income/Loss Per Common Share                192 543             (137 297
                                                                    --------


<PAGE>





LIQUIDITY AND CAPITAL RESOURCES

The Company has historically satisfied its operating cash requirements primarily
through private placements of restricted stock, the issuance of debt securities,
issuance of common stock to satisfy balances currently outstanding, the issuance
of  convertible  debt and  warrants,  operating  cash flow and cash funding from
related parties, as required.

ACCOUNTING POLICIES SUBJECT TO ESTIMATION AND JUDGMENT

Management's  Discussion  and  Analysis of  Financial  Condition  and Results of
Operations are based upon our consolidated financial statements, which have been
prepared in accordance  with  generally  accepted  accounting  principles in the
United States.  When preparing our financial  statements,  we make estimates and
judgments  that affect the  reported  amounts on our  balance  sheets and income
statements,  and our related disclosure about contingent assets and liabilities.
We  continually  evaluate our  estimates,  including  those  related to revenue,
allowance for doubtful accounts,  reserves for income taxes, and litigation.  We
base our estimates on historical  experience  and on various other  assumptions,
which  we  believe  to be  reasonable  in order to form  the  basis  for  making
judgments  about the  carrying  values of assets  and  liabilities  that are not
readily  ascertained  from other sources.  Actual results may deviate from these
estimates if alternative assumptions or condition are used.



Merger with North-West Oil Group, namely "North-West Oil Group-Saratov" Ltd. and
Company "Neftegazenergo" Ltd.

Effective May 11, 2006, the Company,  by way of a reverse merger,  acquired 100%
of the outstanding  shares of two divisions of the North-West Oil Group,  namely
"North-West Oil  Group-Saratov"  Ltd. and Company  "Neftegazenergo"  Ltd. As the
result of that merger,  the Company  shareholders will own a total of 41% of the
issued  and  outstanding  shares  of the  Company  and the  shareholders  of the
North-West Oil Group will own 59% of the Company.

The current board of directors is being  changed to include 4 members  appointed
by the  North-West  Oil Group  shareholders  out of a total of 7 board  members.
Effective May 11,2006, Mr. Makarov will have resigned his functions of President
and CEO and Mr.  Ernest  Malyshev,  President  of North  West Oil Group has been
appointed the new President.


The new board of directors and management are as follows:

Ernest Gurgenovich Malyshev
President

Juliya Vladimirovn Sozina
Vice president Operations

Dina Vladimirovna Vygovskaia
Vice president Engineering

Anatoly Viktorovich Iartsev
Vice president Marketing

Stratton D. Stevens
Vice president

Gerald T. Parkin
CEO and CFO

Igor Nikolaevitch Bratchikov
Vice president

The Company issued  357,186,230  restricted common shares for the acquisition of
North-West Oil Group.


<PAGE>


ITEM 3. EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
      --------------------------------------------------

We carried out an evaluation,  under the supervision and with the  participation
of our management, including our Chief Executive Officer and Principal Financial
Officer,  of the  effectiveness  of our disclosure  controls and procedures,  as
defined in Rules 13a-15(e) and 15d-15(e) of the Securities  Exchange Act of 1934
as of the end of the period  covered by this report.  Based on that  evaluation,
our Chief Executive Officer and Principal  Financial Officer have concluded that
our  disclosure  controls and procedures as of September 30, 2005 were effective
to ensure that  information  required to be  disclosed  by us in reports that we
file or submit under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported within the time periods  specified in the Securities and
Exchange Commission's rules and forms.

There have been no material  changes in our  internal  controls  over  financial
reporting or in other factors that could  materially  affect,  or are reasonably
likely to affect,  our internal  controls over  financial  reporting  during the
quarter ended March 31, 2006.



<PAGE>





                           PART II. OTHER INFORMATION



ITEM 1. LEGAL PROCEEDINGS

      We are not a party to any pending  material legal  proceedings and are not
aware of any threatened or contemplated proceeding by any governmental authority
against us.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The Company issued  357,186,230  restricted common shares for the acquisition of
North-West Oil Group.  The offer and sale of the securities  above were effected
in reliance on the  exemptions  for sales of  securities  not involving a public
offering, as set forth in Rule 506 promulgated under the Securities Act of 1933,
as amended  (the  "Securities  Act") and in Section 4(2) and Section 4(6) of the
Securities  Act  and/or  Rule 506 of  Regulation  D and the  exemption  provided
pursuant to regulation S for foreign holders of our common stock.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES


      None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


      None


ITEM 5. OTHER INFORMATION

Effective May 11, 2006, the Company,  by way of a reverse merger,  acquired 100%
of the outstanding  shares of two divisions of the North-West Oil Group,  namely
"North-West Oil  Group-Saratov"  Ltd. and Company  "Neftegazenergo"  Ltd. As the
result of that merger,  the Company  shareholders will own a total of 41% of the
issued  and  outstanding  shares  of the  Company  and the  shareholders  of the
North-West Oil Group will own 59% of the Company.

The current board of directors is being  changed to include 4 members  appointed
by the  North-West  Oil Group  shareholders  out of a total of 7 board  members.
Effective May 11,2006, Mr. Makarov will have resigned his functions of President
and CEO and Mr.  Ernest  Malyshev,  President  of North  West Oil Group has been
appointed the new President.
The new board of directors and management are as follows:

Ernest Gurgenovich Malyshev: President

ERNEST  GURGENOVICH  MALYSHEV was educated at the Military Academy and commenced
trading  in  petroleum  products  as  the  head  of a  private  company  in  St.
Petersburg.

 He then formed the North West Oil Group and  achieved  its  present  successful
status with oil/gas  related  contracts in Europe and in Russia.  Following  the
merger,  the  president  looks  forward  to  developing  major  projects  in the
immediate  future  the  first  being  the  joint  venture  with an agency of the
government of India.

His success in business  has been  matched by his  participation  in  charitable
causes.  His  company is one of the main  participants  in  charitable  programs
executed jointly with the  administrative  department of the president of Russia
such as the International Charity Fund.

The Company under Mr.  Malyshev's  guidance is well known for its  assistance in
the reconstruction of important national monuments and buildings.

He directed  donations  to assist  families of employees as well as setting up a
program for the education of blind children within the UN and UNESCO projects.

Juliya Vladimirovn Sozina: Vice president Operations

JULIYA  VLADIMIROVNA SOZINA was educated at the State University of Economic and
Finance.  She worked with  Lukoil as the  assistant  to the general  director of
finance. She is the vice president of the North West Oil Group.

<PAGE>

Dina Vladimirovna Vygovskaia: Vice president Engineering

DINA VLADIMIROVNA VYGOVSKAYA was educated at the St-Petersburg State Engineering
and Economical  University and worked at the Baltik Trade Co as chief auditor of
the petroleum  products  department  and joined the North West Oil group 5 years
ago as vice  president  and as an  engineer  for  quality  audits and control of
petroleum products.

Anatoly Viktorovich Iartsev: Vice president Marketing

ANATOLIY  VIKTAOROVICH YARTSEV was educated at the All Russian Academy of Trade.
He worked for 16 years in the petroleum industry.

He has been  with the North  West Oil Group for the past 11 years as the  deputy
director of the oil export  department.  He is vice  president of the  marketing
department.

Stratton D. Stevens: Vice president

Gerald T. Parkin: CEO and CFO

 Igor Nikolaevitch Bratchikov: Vice president


The Company issued  357,186,230  restricted common shares for the acquisition of
North-West Oil Group.




(a) Financial statements of business acquired.


The financial  statements  required by Item 9.01(a) of Form 8-K will be filed on
Form 8-K within the period permitted by Item 9.01(c) of Form 8-K.


(b) Pro Forma financial information

The pro forma financial information required by Item 9.01(b) of Form 8-K will be
filed on Form 8-K within the period permitted by Item 9.01(c) of Form 8-K.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K


      2.1   Share Exchange  Agreement  between North West Oil Group and Nord Oil
            International, Inc.

      31.1  Certification of Chief Executive  Officer Pursuant to Section 302 of
            the Sarbanes-Oxley Act.

      31.2  Certification  of  Principal  and  Accounting  Officer  Pursuant  to
            Section 302 of the Sarbanes-Oxley Act.

      32.1  Certification of Chief Executive  Officer Pursuant to Section 906 of
            the Sarbanes-Oxley Act.

      32.2  Certification  of Principal  Accounting  Officer Pursuant to Section
            906 of the Sarbanes-Oxley Act.


<PAGE>



                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934 the  registrant  has duly  caused  this  report  to be signed on its
behalf by the undersigned, thereunto duly authorized.



                          NORD OIL INTERNATIONAL, INC.


Dated: May 24, 2006.                        By: /s/ Gerald T. Parkin
                                                    ----------------------------
                                            Name:  Gerald T. Parkin
                                            Title: Chief Executive Officer
                                                  (Principal Executive Officer)



Dated: May 24, 2006.                        By: /s/ Gerald T. Parkin
                                                    ----------------------------
                                            Name:
                                            Title: Chief Accounting Officer
                                                  (Principal Accounting Officer)