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.

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Northern Oil and Gas Inc

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Comment by chucker23on Jun 05, 2008 9:18pm

323 Views

Post# 15151818

RE: SELLERS ???

Let's just say for the moment that your post wasn't fabricated (because you didn't post a direct link or state your source), and that it might be valid. First 100 000 shares between the two - really does seem like peanuts to me to - especially being owners. Secondly, a grand total of about $65 000 between the two is taken (with an average price of .62). Again not a whole lot of money - what a months pay for the both. Lastly the timing of these shares being sold was before they even spudded drill hole #2.

State your source and let's see them do again before the NR of hole #2 and I might begin to believe your case!

Cheers

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