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

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Comment by robert1958on Jun 13, 2011 10:58am

355 Views

Post# 18706879

RE: Shares for Debt

Hmmm, what would have happened if the parties had not accepted the shares for debt? Doing business this way might not be the best way as service company's will wonder how they will be remunerated, shares or cash????? This could prove to be an obstacle down the road when trying to aquire the services of companys involved in the servicing and drilling of wells.Maybe the current SP is a true reflection of where the company is??????

Regards

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This junior mining stock offers billions in market exposure