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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
Post by gregoooon Jul 16, 2008 11:38pm
261 Views
Post# 15301133

14-14

14-14

It is for this reason the Company plans to re-enter its 14-14 well. "This location was identified back in 2005 based upon thorough analysis of the seismic data. We tested initially for shale gas, which is why the well was cased at 400 metres. However, we feel that if we drill down to the basement at around 1,100 metres, the potential is there for a discovery." The perforations are being cemented off, and a well license is being applied for.
 
Going to use a service rig to drill from 400 to 1100 meters- give me a fu*&ing break. or how deep was it originally drilled too? 700 meters will take forever!
too many unknowns with these guys!

I'm bashing and I still own shares- what the Fu%$??

Please someone send me some justification! 

Bullboard Posts