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 HotSnoton Jul 09, 2008 1:52pm

381 Views

Post# 15274000

RE: Flow test is the key

Oldhand.....

So if i understand things correctly, 3 additional zomes were still remaining to be sampled. After the sampling and testing is completed the next stage ends up being flow testing. You dont flow test before sampling otherwise you contaminate the samples. If flow testing on the vertical well is not great they could try fracing the well and pumping or also a more expensive horizontal well? These flow tests will only take place provided they have the permits for them and the necessary machinary available to them. Does that sum it all up? After all of these things NOG then moves on to additional targets with the new information obtained from the first well.

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