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 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

Northern Oil and Gas Inc

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Comment by shambanoon May 15, 2007 10:12pm

137 Views

Post# 12786827

RE: GOOD NEWS ...and

The market wants details, what conversion price NOG will pay for the 2 other companies and how the final company will look like. As the deal gets closer to a vote the market will decide if it's good for NOG’s share price. I think they are on the right track, get bigger, get leaner, and start making things happen. If you can hang on 12 months as NG prices start to strengthen again, NOG will be over 1.00 but it won't happen overnight. Cheers and GLA

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