Northern Oil and Gas Inc V.NOG

Primary Symbol: NOG

Energy Oil & Gas E&P

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 principal business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 272,251-acre portfolio is distributed across the Williston, Permian, and Appalachia Basins. Its portfolio comprises about 272,251 acres of low-breakeven lands with over 9,765 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It primarily 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. In addition, it acquires wellbore-only working interests in wells. It also owns the Utica and Northern Delaware Basin assets.

NYSE:NOG - Post by User

Northern Oil and Gas Inc

Bullboard Posts

Post by dudediligenton Feb 18, 2010 12:50pm

401 Views

Post# 16796052

Cheap Oil Play

Like the prospects going forward and like even more buying a large block of shares below the most recent adjusted PP price. Preeceville could surprise investors as the company re-enters this formation. Remember NOG traded near 80 cents on the prospects of Preeceville back in 07', 08'. Now management seems to have a better understanding of the geology. Not to mention the other projects on the go....this share price seems to be relatively cheap.

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