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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

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

Bullboard Posts
Comment by HotSnoton Jul 09, 2008 3:07pm
537 Views
Post# 15274532

RE: Flow test is the key

RE: Flow test is the keyGA_makemyday ....the only reason i think the releases are so "generic" is likely because of the retraction NOG was forced to make a few weeks back regarding an estimate the company made without independant verification regarding possible production at lloydminister.  I would imagine its pretty embarassing and detrimental to release information in that fashion and im sure NOG doesnt ever want to have to do a retraction again.  Now we get releases with information that is only completely and utterly factual which leaves us with substantial guess work.  Im sure the guys working the rig and well, have a very good idea of whats going on and could probably answer a few of our questions with an educated guess based on experience, but thats not enough to satisfy the requirements of a professional news release.  So goes my thinking on all this anyways.
Bullboard Posts