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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. It acquires wellbore-only working interests in wells. It owns the Utica and Northern Delaware Basin assets. It also owns Point Assets in the Delaware Basin.


NYSE:NOG - Post by User

Bullboard Posts
Comment by HotSnoton Jul 09, 2008 2:18pm
380 Views
Post# 15274182

RE: Flow test is the key

RE: Flow test is the keyHaveadream seems to be making a link between between actually being able to retrieve the samples and sending them for testing as a sign that there was so little oil in the initial well that all Nog could get was swabs out of it at each zone.   Is it reasonable to make such a link with the information recieved so far?  Are there instances where there might be abundant natural flow yet the oil companies proceed in the exact same manner or as Haveadream has suggested this is a poor sign?  I feel that if i understand things correctly its a sign of absolutely nothing.  We as investors on the outside do not have enough information to make that distinction.  Is that accurate?
Bullboard Posts

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