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

Comment by Wortepon Jan 08, 2011 5:39pm

499 Views

Post# 17944141

RE: RE: RE: Working over the weekend I hope?

$10 Million Financing Commitment
Looks like they are going to need major money to do the Saskatchewan oil and gas recovery. Remember they are the first in the area and all the other oil companies are going to need major infrastructure. So maybe NOG is taking a larger than usual stake and will supply some of the needed infrastructure requirements. This would create additional revenue streams for the company.

We maybe on the edge of something totally over whelming.
GLTAL
Remember my shares will be available after we hit the $15/share mark.

Bullboard Posts

Investing in the 60/40 portfolio, is it still relevant?