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.

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Northern Oil and Gas Inc

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Comment by robert1958on Dec 28, 2011 11:10am

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Post# 19354221

RE: RE: RE: question

I also have some questions. If as some posters have stated NOG was the big winner and walked away with all the chips then why have they not cancelled the 30 million share PP with associated warrants. All we can assume from the suit and subsequent NRs is the company can proceed on the Joffree land parcel.They have released some fantastic plans and as usual there is no business plan to accompany it. This is just my thought process, without definitive information all i can safely assume is the company has the right to proceed on the disputed lands, and that they have to finance the exploration themselves.

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